Principles Of Marketing
17th Edition
ISBN: 9780134492513
Author: Kotler, Philip, Armstrong, Gary (gary M.)
Publisher: Pearson Higher Education,
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As with any industry, health care has its own set of risks, which must be addressed by the healthcare administrator. There are risks associated with project management. Select two risks that you perceive to be the greatest threat to successful project completion. Provide a rationale for your selection and identify the ways in which a healthcare administrator might sidestep some of these issues. Identify at least two other roles within the organization that might help or hinder the healthcare administrator in overcoming these obstacles.
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- One of the staff members who reports to you has requested holiday, but you are reluctant to grant the leave because during the same period your department is will be involved in a major new project. You understand that the leave in important to the staff member who wants to spend the time with his/her young children, but the project has national significance. Write an email to your manager explaining why you do not want the staff member to go on leave at this time. Provide any details which you consider relevant to support your position.arrow_forwardList and discuss at least 5 critical success factors for project quality managementarrow_forwardRisk management involves identification, assessment, control, and response to project risks to minimize the likelihood of occurrence and/or potential impact of adverse events on the accomplishment of the project objective. Risk identification includes determining which risks may adversely affect the project objective and estimating what the potential impacts of each risk might be if they occur. Describe the steps involved to manage risk on a project. How can a risk assessment matrix help in this process? What risks for a project have the highest priority? Does the priority for a risk change as the project progress?arrow_forward
- Marie Collins, owner of Grand Canyon Helicopter Adventures (a sole proprietorship), wants to expand her business. To do this, she needs an influx of cash and help running the business. Should she bring in her friend who is quite wealthy, is good at handling day-to-day operations, but has a less than perfect flying record? Or should she continue to fly solo? List the risks and benefits associated with bringing in the new partner. Are there other options?arrow_forwardDefine Risk and discuss why risk management is important for project success, and the process that can be taken to manage project risks.Explain different strategies that a project manager may use to respond to risks.arrow_forwardWhat are the success factors and challenges in Disaster Risk Management in Botswana?arrow_forward
- What are the interplay between the project components (Cost, time, scope, and quality) and the significance to project performance and sustainabilityarrow_forwardWhat role does a Compliance Officer play in projects that need to meet regulatory standards?arrow_forwardIdentify the tentative risks (types of risks) in your group project and do a risk assessment using impact assessment matrix. Based on the results prioritize the risks.arrow_forward
- Talk about the four different ways an organization that's working on a project might deal with or lessen the impact of risk in a certain circumstance.arrow_forwardThe chart below shows the initial investment and expected yearly payback for Project A and Project B Project A Project B Initial Investment $ 300,000 $ 450,000 Expected Yearly PayBack $ 45,000 $ 90,000 For Project A, There has been a change in the expected yearly payback. Years 1 and 2 – you are expecting $45,000 each year. For the next three years, you are expecting $70,000 each year. What would be the average ROI for this alternative?arrow_forwardProject management is governed by an enormity of decision making that is influenced by ethics, professionalism and politics. Decisions require intense thought and considerations before execution as they involve people, resources and the environment. Ethics is the discipline of how to do it best. It is essential that project leaders govern the techniques used in decision making and general leadership with the appropriate set of ethical principles and values. With reference to the extract above, elaborate on the ethical challenges relating to projects and discuss way in which project managers/leaders can respond to such challenges. arrow_forward
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