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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 work package when this is assigned on its own to an individual or team. Extremely commonly, though, a group of associated products that are perhaps products which need to be created together may form a work package
what is worker engagement? What are worker engagement approaches?
create a risk management plan for all the formulated risks on payroll project
Disadvantages of participative management: There are also disadvantages to participative decision-making. Implementation of the tough decisions taken by the management th
Program planning An effective and disciplined planning of a project is directly related to customer satisfaction. Since customer expectations always include timely delivery as
The analogy method of estimating is frequently used to produce broad-brush evaluates at the start of a project. Why this method is mainly suited to such application? Determinin
Question (a) Project Management requires three important activities, namely planning, estimation and scheduling. Discuss the differences between them. (b) Scheduling of proj
How is Economic Order Quantity depended on costs? Economic Order Quantity depends on two costs as illustrated below: - Inventory procurement costs that consist of expenditur
Define the role of initiation phase in the project management. Initiation phase: The initiation phase is the starting of the project. In this phase, the concept for the p
Your project sponsor has asked you and your team to refine the existing cost estimate for the project so that there is a solid cost baseline for evaluating project performance. Rec
What do you mean by Line Balancing in management? Line Balancing: It means balancing the line among the product lines or assembly lines. This aims at grouping assists an
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