Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Being a Project Manager, Identify all the possible risk (External & Internal) that one can face while working on the Road Project.
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- How are the roles and responsibilities of a project manager and system engineer related during different project phases especially the planning, execution and control phases? What reliance and needs does each have on the other?arrow_forwardWhat comprises a Project Management Plan? What is the link with the Project Feasibility Study? What competing demands in project management should be balanced, and how can these be successfully done?arrow_forwardExplain the concept of "risk appetite vs. risk tolerance" in project analysis. How do these factors influence risk management decisions and project outcomes?arrow_forward
- How is Project Planning, Scheduling, and Controlling is managed by the OM manager?arrow_forwardJustify the need for a project manager to handle difficult activities.arrow_forwardFor each project phase of a project life cycle, identify and describe at least one major deliverable (output) of the phase.arrow_forward
- ‘Management of Risk is key to successful Project Management’. Discuss the merits of this statement, using an example to illustrate. Give Example/s to illustratearrow_forwardIt is essential for project managers to have a solid understanding of the four strategies available to them for mitigating risk.arrow_forwardProject Risk Management: What are Contingencies and Management reserves? What are they used for?.arrow_forward
- Examine the Project Risk Analysis and Management Guide's effectiveness as a project management aid.arrow_forwardExplain the concept of risk management and its importance in decision-making and project execution.arrow_forwardWhat is project planning? Examine the significance of project planning. Outline the activities involved in project planning. Why is it necessary to plan for the unknowns during a project?arrow_forward
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