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What is Buffering in risk management? Buffering: Buffering or slack is the allowance of additional cost, resources or time for example ‘just in case’ specific events or r
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
Question: (a) International standards are strategic tools and guidelines to help organisations to tackle some of the most demanding challenges of modern business. Given ISO sta
Scenario Even ‘well run' organisations can fail to stay atop of their industries when they are challenged by certain market or technology change. Change is an imminent part of busi
how to manage project
Define the Concept of Project Risk Audit Audit can be defined as an evaluation of a person, organisation, system, process, enterprise, project or product. Quality risk audit i
VK Ltd a multi-product Company, furnishes you the following data relating to the year 2000. First Half of the year Second Half of the year Sales Rs. 45,000 Rs. 50,000 Total Cost Rs
I know how to construct a precedence diagram but i am asked the question :use the largest candidate rule to assign work elements to stations using a service time of 1.5 min how do
Question 1: Explain the outstanding contributions of Dr. Kaoru Ishikawa towards improvement of the human aspects of quality. How did Dr. Ishikawa prepare a specific Japanese qu
The customer feedback and employee feedback mechanisms are the essential requirements to create customer oriented quality culture. These feedback mechanisms perspectives an ac
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