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Explain about the term cost/benefit analyses.
Cost/benefit analyse:
Cost/benefit analysis is the procedure of knowing, and as far as probable quantifying, the costs of responsibility a project and contrasting such along with the advantages expected to flow from this. Senior managers should be convinced which the benefits outweigh the costs for a project to be approved.
Porter's Diamond is a useful framework that can help an organisation in identifying the extent to which it can build on home based national advantages to create competitive benefit
Rules Rules are prescriptions for how members of a group ought to or not to behave. They are specific and allow no discretion. In any group situation, and more so in the formal
Q. Is that all there is to project management? A. That is by no way all. There are several aspects to good project management that require attention. In summary these perhaps
Standardization of Work Processes: The interrelated processes of an organization need to be standardized which help to determine how work is organized and how customer needs
Tools and Techniques of Layout Planning - Templates Templates are most commonly employed when preparing layouts. Templates are two dimensional (2D) or block templates consist
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Risk Categorisation Management of risk involves: Prevention: To deal with causes. Recovery: To deal with effects. There are three categories of project r
o Are the goals and philosophy of the architecture explained? o Are assumptions and dependencies influencing the architecture identified? o Are architecturally significant re
Question : a) "Total Quality Management is regarded as a quick fix solution by many organizations. This has led many companies to start on the road to total quality improvemen
Steps of Heuristic Method The heuristic approach involves following procedural steps: Identify the work ( job) Break down the work into elemental tasks or steps for
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