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Explain about the Break Even Analysis.
Break Even Analysis: Break even Analysis means that at some point within the operations, total revenue equivalent to total cost. Break even analysis is related with finding the point at that revenues and costs agree precisely – therefore the term ‘Breakeven point’. The given figure portrays the Break Even Chart.
This point is the volume of output at that neither a profit is made nor a loss is acquired. The break even analysis can be carried out graphically or algebraically (as specified in the diagram).
Explain TWO strategies that a project manager might implement to address a project risk. Risk avoidance - this strategy would be 'exiting the method that is giving rise to
Explain about the term project planning document. A project planning document (PPD): Project planning document will usually consist of a project technical and resource pl
How is risk management assist in project management software? Risk management: Project management software will assist manage the sheer complexity of managing funds and tools,
Creating a Risk Management Plan The main aim of risk management is to develop a well-structured approach to deal with any kind of uncertainty, which create threats in the proj
computer crime is defined by
outline role of the project manager
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Explain the terms "product" and "work package" and describe how these are related to each other. A product is a particular deliverable from a project and this may also make a wo
Components of Quality 1. Product feature shave a major effect on sales income ( through market share premium prices etc) . in many industries the total external cust
o Does the project plan clearly identify a set of functional increments leading to project completion? o Is the sequence of objectives consistent with both the risk priority and
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