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Q. Why do projects always seem to take longer than expected?
Usually this is because it is relatively easy to assign time allowances to all the activities that have been thought of but it is the ones that have not been thought of that take the extra time. Though there is as well a tendency to be optimistic otherwise the project might not get approved or tight schedules are a means to keep the pressure on the project team. Many delays take place from things that are necessary but were overlooked in preparing the plan. Even more delays are because of risks that were either not fully appreciated or disregarded during planning. The most and biggest damaging delay invariably stems from failing to start promptly the whole project or one or more of its major activities.
Q. What value does project management add? This is extremely difficult to answer in traditional accounting terms for the reason that the real value is in the quality of the end
Tolerance and Surface Finish Design engineers are always blamed of specifying closer tolerances than necessary. It is obvious that to achieve a tolerance of ± 0.001 mm is mor
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Explain about the Break Even Analysis. Break Even Analysis: Break even Analysis means that at some point within the operations, total revenue equivalent to total cost. Break ev
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DG Company has made a significant investment in a project to develop a new client management IT system, which when implemented should help give the company a competitive edge. How
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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
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