Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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What are some of the potential benefits of working on a special project in one’s firm? What are
some of the risks?
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- The results might lead to an increase in the scope of the project or the introduction of brand new features. Please provide concrete examples so that we may better understand the differences between the two ideas. What, in your opinion, do you think the root cause of these two problems is? What would take place if these two unfavourable things took place simultaneously, so turning this endeavour into the absolute worst-case scenario?arrow_forwardSo how do these two fields of study diverge from one another? How, for instance, are project management and software development similar or different from one another?arrow_forwardThe results might lead to an increase in the scope of the project or the introduction of brand new features. Please provide concrete examples so that we may better understand the differences between the two ideas. What, in your opinion, do you think the root cause of these two problems is? What would happen if these two unfavourable outcomes happened simultaneously, so making this endeavour the worst-case situation that could possibly occur?arrow_forward
- How do Product Owners and Business Analysts collaborate to ensure the project meets business needs?arrow_forwardWhat is the role of a Stakeholder Relationship Manager in large-scale projects with multiple stakeholders?arrow_forwardIf 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 conceptarrow_forward
- Depending 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_forwardWhat is the role of the project leader in, first, a predictive project team, and second, in an agile team?arrow_forwardWhat are the benefits of providing excellent project reports and communications?arrow_forward
- Talk about the four different ways an organization that's working on a project might deal with or lessen the impact of risk in a certain circumstance.arrow_forwardWhat possible security risks might develop throughout the process of creating a plan of action and milestones?arrow_forwardHow does one field of study differ from the other, and what are those differences? How, for instance, do the areas of project management and software development compare and differ when it comes to the administration of projects and the creation of software?arrow_forward
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