Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Possible effects include broadening the project's scope or adding new functionality. Please provide actual examples to highlight the differences between the two concepts.
In your opinion, what factors contribute to these two problems? If the worst case scenario for this project came to fruition, what would happen if these two undesirable events occurred simultaneously?
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- Which are the methods used to account the risk for business when analysing viability of project investment? What is the contrast between them? How to compare them?arrow_forwardDepending on the findings, the project's goals may shift or new features may be added. Please provide specifics to help us grasp the distinctions between the two concepts. What do you believe the underlying issue is that's causing these two issues? The worst-case scenario for this endeavour would be the occurrence of the two aforementioned unfavourable events at the same time; what then?arrow_forwardThe results might include scope expansion or additional features. Provide specific examples to highlight the differences between the two concepts. In your opinion, what causes these two problems? What would happen if these two unfavorable outcomes occurred while this project would be the worst-case scenario?arrow_forward
- How will a project attract tourists from outside your region? How does the project financially benefit the region? Provide a projected impact analysis including data sources to support it.3. Explain how a project is transformative and how a community and region will benefit from a project being funded. Provide qualitative and quantitative data that supports how this project will increase community engagement and have a positive impact on tourism.arrow_forwardHow do you describe the four P's of effective software project management?An economic evaluation assessment approach known as Cost Benefit Analysis (CBA) is used to quantify all of a program's positive and negative effects in terms of money. Explain?arrow_forwardSoftware project management errors caused Denver International Airport's faulty luggage system. Can project management processes be shown? How can a system be scientifically successful yet financially disastrous for the company?arrow_forward
- The results might lead to a broader scope or new features. Provide real-world examples to back up your claims about the differences between the two ideas. In your opinion, what factors contribute to these two problems? What would happen if the worst case scenario for this project had both of these undesirable outcomes occurring simultaneously?arrow_forwardPossible results include expanding the project's goals or adding unnecessary features. Explain the differences between these two concepts by using specific instances. I'm curious as to your take on what exactly is the source of these two problems. If these two unfavorable outcomes occur, the project will be in dire straits.arrow_forwardThe results might lead to a broadening of the project's scope or the addition of new features. Please provide some real examples so that the differences between the two concepts may be better understood. In your opinion, what factors contribute to the occurrence of these two problems? What would take place in the event that these two undesirable outcomes took place at the same time that this project was the worst-case scenario?arrow_forward
- Explain a situation where you have used project evaluation. How would it have been made better with the use of the information in Chapter 11? Would it have been? Why or why not?arrow_forwardExpanding the project's scope or adding unnecessary features are both undesirable choices. Help your audience follow your reasoning by laying out the differences between the two concepts. Could you elaborate on your reasoning for assuming that the two issues have a same origin? If these two things happened while we were working on this project; what kind of catastrophe might it cause?arrow_forwardBoth expanding the project's scope and the addition of unnecessary features are undesirable outcomes. Explain the differences between the two ideas to further engage your readers with your argument. If these two issues stem from the same root, then please elaborate on how you arrived at this conclusion. What type of disaster may be triggered if these two things happened simultaneously while working on this project?arrow_forward
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