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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.
explain what is meant by scope risk
Scope Management and Health Checks
Total Quality Management (TQM) is a business management strategy aimed at embedding awareness of quality in all organizational processes. TQM has been widely used in manufacturing,
Question: In the year 2015, the price of petrol has gone up so much that the oil reserves of the Republic of Mauritius start to look interesting to exploit. The oil reserves ar
Management Responsibility a. The quality policy shall be defined documented understood implemented and maintained. b. Responsibilities and authorities for all personn
Question 1: (a) Identify and explain the major roles of a Project Manager with illustrations where necessary. (b) Identify and Explain the different types of Project Organ
A) Hierarchical planning in Operations/Production management and types of time frames in each hierarchy. (B) Explain who role players are in each level and what they are respons
Question 1: Describe - Expected Quality, Design Quality and Actual Quality and how they influence the customer satisfaction. A Defining Expected Quality, Design Quality a
Problem: (a) Explain the objectives of a Procurement Development Model. (b) Explain one Procurement Development Model you are familiar with. (c) "In certain organisation
What do you mean by differentiation in organisation structure? Differentiation implies differences in cognitive and emotional orientation in between managers in various departm
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