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Explain about the budgeting process in risk management.
The budgeting process:
A budget is a quantified or forecast plan of action. A quantified financial plan of action that itemises a projects income and expenditure assigned for example a list of all planned expenses and income. Budgetary planning makes a budget like part of the planning process for the project. It control compares the budgeted outcomes as a ‘yardstick’ or target, within comparison to real results, so as to quantify any variances or deviations through the project plan. Such process at regular intervals during a project can be used to get control action and bring real results in line along with the plans.
The analysis effort and programming methods both rest onto the principle of extrapolating the total development effort by detailed evaluates of one phase of the project. Define the
Project control processes cannot be overemphasised in their significance to the success of a project. The project manager must continually take a pro-active approach in controlling
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Organisational Structures The project organisational structure facilitates coordination and implementation of project activities. It should be designed to include the essential
Explain about the term performance management systems in brief. Performance management systems: Measurement processes of frequently assessing a projects progress in oppos
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what is a benefit of a kaizen event?
In order to adopt and initiate TQM within any organization it is necessary to understand the key elements. These elements which form the essential core of the TQM phil
Question 1: Define deterministic model of inventory control. Explain inventory costs and relationships Description of deterministic model of inventory control Invento
ADVANTAGES OF PARTICIPATIVE MANAGEMENT: Advantages: For improving the library and information service, the management follows the technique of participatory decision making wh
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