Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Explain the importance of project risk management for an Aquaponics Training Project.
Identify and define at least five (5) project risks of the Aquaponics Training Project.
Suggest suitable risk response strategies for managing (avoiding, mitigating, or transferring) the project risks identified
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- Select a project in Ghana, say Ghana’s National Health Insurance or planting for food and jobs, and specify the following along the Result Chain. 1. The project output(s), outcome(s), and the impact (Goal)2. Provide the indicator(s) for measuring the output(s), outcome(s), and impact, and define the various indicators used. 3. List/show the baseline, target, means of verification, frequency and responsibility under the resulting chain ie input(s), output(s), outcome(s), and impact.Below is the operational definition for some key terms in the assignment. Impact (Goal): The ultimate goal or change that the project or program aims to achieve.Outcomes: The specific changes or benefits that are expected to result from the project’s activities.Outputs: The tangible products, services, or goods that result from project activities.• Indicator: These are measurable signs of change or progress which are used to assess whether the project is achieving its outcomes and outputs. • Indicator…arrow_forwardList the steps in risk management.arrow_forward1.Analyse the significance of gearing and insolvency for project cost managementarrow_forward
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