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Explain TWO strategies that a project manager might implement to address a project risk.
Risk avoidance - this strategy would be 'exiting the method that is giving rise to the risk'. This would mean aborting the entire project or changing or abandoning particular goals or objectives of the project.
Risk transference - subcontract the risk to a third party like as a specialist supplier who is more experienced in handling the risk. Insurance is another method to use to transmit some elements of risk.
Suppose you are the project manager of a new management accounting system which will give monthly profit and loss accounts to a series of 30 computer dealerships, each of this is f
Question 1 Differentiate between Commercial and Open Source ERPs software packages Question 2 For a successful MRP system three types of information are very essential. Descr
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Usage of RBS Once an organisation defines a Risk Breakdown Structure (RBS), then it can be used in a number of ways. These RBS is relevant across the project and helps in the
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