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What is the use of Gantt Charts as a tool? The use of Gantt Charts as a tool: This tool can be used to plan time scale for a project This tool can be used to approxima
What type of symbols used to create a network diagram? Symbols used to create a network diagram are as illustrated: An arrow is utilized to represent each activity or even
what are the segments involved in project management structure?
In response to changing customer demands and strong competition, the new product development team of Z Company has been working on a new product range. However, the process has not
I nventory management: This refers to the method in which tangible resources and materials are handled by businesses in order to make sure resources are readily available f
What do you mean by variable costs? Variable costs conversely, tend to vary directly along with the volume of output. Illustrations of variable cost are as given below: direct
Question: (a) (i) What do you meant by "a change of scope" in a project? (ii) Unplanned changes (for e.g, unplanned expenses) might occur during the implementation phase of
Risk Breakdown Structure (RBS) R isk Breakdown Structure (RBS) is a tool developed by Dr. David Hillson that is used to guide the risk management process. He describes RBS as
Comparison between dept finance and ordinary share capital
Quantity to be manufactured When only few parts are to be manufactured we cannot use the processes involving more setups, costly tools and special purpose machines. The use
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