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Chapter 6 presents several tools that can be useful when assessing for project uncertainties. Compare and contrast risk mapping, FMEA, and the gut-feeling method. Which method do y
Question: (a) The purpose of Project Monitoring and Control is to evaluate and provide an understanding of the evolution and progress of a project. This enables measurement of
Budgeted cost of work performed (BCWP), or "earned value" (EV), in project management is the budgeted cost of work that has truly been done in carrying out a scheduled task in a p
In the face of rising costs, the senior management in PT Company has decided that significant cuts will be needed in the budgets of some of its departments. The promotional budget
Risk Categorisation Management of risk involves: Prevention: To deal with causes. Recovery: To deal with effects. There are three categories of project r
Contract Management There are many things involved in a project risk policy. One of them is contract management. Various kinds of contract can have an impact on the success of
The researcher should see that the project is executed in a systematic manner and in time. If the survey is to be conducted by means of structured questionnaires data can be rea
Explain the project scheduling in project management software. Project scheduling: Project software can assist automatically generate Gantt charts or critical path diagra
T y pes of Sampling Risks A guarantee that every defective item in a lot would be found cannot be stated by neither sampling nor 100% inspection, 100% inspection has the risk
Computerized Relative Allocation of Facilities Technique (CRAFT): The previous difficulty can now be alleviated because of the availability of computer software packages like
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