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Q. Can surprises be reduced?
Yes absolutely! By their vary nature projects are uncertain business and uncertainty can lead to both risk and opportunities. As a result a very important part of a project manager's job is management of risk and Risk Management. The idea is to move possible uncertainties away from risk (that is adverse time and cost implications) and towards opportunity (that will enhance the project and make it more successful). To do this potential risks should first be identified and preferably grouped in some way analysed and then appropriate defensive responses initiated such as workarounds or insurance. Failing that prepare unforeseen event plans as a precaution.
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A brilliant UTM student at the end of his graduation is in presence of two opportunities and has to choose between them. One is a job offer with a salary of Rs15,000 per month (wit
R Company produces a range of hair and beauty products. T, the Finance Director, and P, the Marketing Director, are reviewing the outcome of some product portfolio analysis which h
Do you think Acorn’s solution was good? Why or why not?
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