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If we don’t know our history, we are doomed to repeat it. Knowing an organisation’s past failures and successes are keys to smooth project management in the future. Unrealistic expectations are avoidable and colossal barriers to project success. So, how do we manage these expectations from the very beginning of a project before it’s too late? One of the best ways to determine realistic expectations for any project is to examine historical data (Taylor Putnam-Majarian, 2015) With reference to the above, explain Fact Based Decision Making and show why Fact-based management is regarded as a core project quality concept

If we don’t know our history, we are doomed to repeat it. Knowing an organisation’s past failures and successes are keys to smooth project management in the future. Unrealistic expectations are avoidable and colossal barriers to project success. So, how do we manage these expectations from the very beginning of a project before it’s too late? One of the best ways to determine realistic expectations for any project is to examine historical data (Taylor Putnam-Majarian, 2015) With reference to the above, explain Fact Based Decision Making and show why Fact-based management is regarded as a core project quality concept

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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If we don’t know our history, we are doomed to repeat it. Knowing an organisation’s past failures and successes are keys to smooth project management in the future. Unrealistic expectations are avoidable and colossal barriers to project success. So, how do we manage these expectations from the very beginning of a project before it’s too late? One of the best ways to determine realistic expectations for any project is to examine historical data (Taylor Putnam-Majarian, 2015)

With reference to the above, explain Fact Based Decision Making and show why Fact-based management is regarded as a core project quality concept

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