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Define the term risk in risk management. Risk: It is the probability or chance of something which may or may not arise; this is something that can be quantified by using s
What types of errors disclosed in Trial Balance? A Trial Balance discloses the given types of errors as illustrated follows: a. An item posted two times. b. A mistake int
Project management: a. Describe a project you are currently working on for school or work or your personal hobbies and interests that would benefit from Project Management con
Question 1: Explain the outstanding contributions of Dr. Kaoru Ishikawa towards improvement of the human aspects of quality. How did Dr. Ishikawa prepare a specific Japanese qu
What is Buffering in risk management? Buffering: Buffering or slack is the allowance of additional cost, resources or time for example ‘just in case’ specific events or r
Objectives of ISO 9000 The basic objectives of ISO 9000are : 1. To facilitate international trade of goods and services. 2. To obtain competitiveness by obtaining
Question 1: (a) Outline some of the management principles that Project Managers need to adopt while managing a project team. (b) Resistance to change is inevitable, and th
Disadvantages of FMS Limited ability to adapt to changes in product Substantial preplanning and capital Tooling and fixture requirements
Process Planning Process planning is the systematic determination of method or process by which the product is to be manufactured economically and competitively within the limits
Q. Brandi is working as a project manager on a software project. About halfway through development, her team concludes that they had not estimated enough time for some of the techn
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