Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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In keeping with the best practices in project management, identify and delineate five
(5) key activities your team will undertake to properly initiate the project and increase
the possibility of project success.
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- Assess the validity of the above argument critically by analyzing the effect on project management, the performance of the project and the progress of the project.arrow_forwardAs 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.arrow_forwardDiscuss the elements of monetizing and governing the project's work.arrow_forward
- Describe at least two techniques for reducing project duration. Why is it important to have a solid understanding of more than one technique in project management? Support your answer with an example.arrow_forwardProject managers often face ethical dilemmas. List and discuss any 4 ethical issues faced by IT project managers and how to handle those issues.arrow_forwardIn Project Management, can you justify the following statements: Discuss the statement: Failing to define what is not part of the project is just as important as failing to define what is part of the project. Discuss the importance of top management commitment and the development of standards for successful project management. Provide examples to illustrate the importance of these items.arrow_forward
- Describe project integration management. How does it relates to the project life cycle, stakeholders, and other management knowledge areas?arrow_forwardWhat would drive efforts to reduce project management?arrow_forwardConsider a firm that knows that the price of the productit is ordering is going to increase permanently by $X. Howmuch of the product should be ordered before the priceincrease goes into effect?Here is one approach to this question: Suppose the firmorders Q units before the price increase goes into effect.a What extra holding cost is incurred by ordering Qunits now?b How much in purchasing costs is saved by orderingQ units now?c What value of Q maximizes purchasing cost savingsless extra holding costs?d Suppose that annual demand is 1,000 units, holdingcost per unit-year is $7.50, and the price of the item isgoing to increase by $10. How large an order should beplaced before the price increase goes into effect?arrow_forward
- What is Project Management and why is it is important for society? How can Project Management be applied to the real world?arrow_forwardNonearrow_forwardProject managers concentrate on the successful completion of a project but should maintain an awareness of why projects may fail. Enumerate and discuss several reasons why a project can fail.arrow_forward
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