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Question:
(a) The purpose of Project Monitoring and Control is to evaluate and provide an understanding of the evolution and progress of a project. This enables measurement of project performance and directs appropriate corrective actions when deviations are noted. Briefly explain the different methods for monitoring the project.
(b) Risk has always been an intrinsic part of project management. With increasing market competition, technology, and globalization, risk management is continuously gaining wider acceptance and importance and as become a must for project success. Critically discuss the main components that are likely to be included in the risk management system.
Risk type To identify specific problems in your project, you first need to categorise the risks. The project constraints are well-organised in the PERIL database, which are
Question: (a) Any project has a beginning and an end; without a formal closure process, project teams can fail to recognize the end and this can drag the project into unnecessa
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Areas of key risk in Project Management Companies believe that the most critical risk they face is market or competitive risk. There are various other risks faced by organisati
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