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    Question.3056 - Answer each of the following 20 questions in 5–10 sentences. Question 1 How do the following values help in comparing two potential projects? Payback Period, Net Present Value, and Internal Rate of Return Question 2 For a real-world project (for example, construction of a bridge), describe how you would perform each of the following to manage the project scope: Collect Requirements, Define Scope, Create WBS, Verify Scope, and Control Scope. Question 3 Create a project network diagram with four activities (A, B, C, and D) where A is a predecessor of B and C, and D’s predecessors are B and C. Illustrate how the nine steps of the Critical Path Method can be applied to this project. The durations of A, B, C, and D, are 5 weeks, 7 weeks, 9 weeks, and 12 weeks, respectively. Question 4 Interpret the following performance measures in a project status report: CV = -$5,000, SV = +$8,000, CPI = 0.85, SPI = 1.13, and EAC = $80,000. Question 5 For a real-world project (for example, construction of a bridge), describe how you would use the “seven basic tools of quality control” to manage the project quality. Question 6 List the elements of a scope management plan. Question 7 What are the differences between the Critical Path Method (CPM) and the Project Evaluation and Review Technique (PERT)? Question 8 Describe the role of a project manager in procurement management. Question 9 Give an example for the Risk Responsibility Matrix. Question 10 Describe each of the elements of PMI’s Code of Ethics. Question 11 List the elements of an HR management plan.Question 12 In which of the five process groups do you see each of the following? Give reasons. Acquire Project Team, Develop Project Team, and Manage Project Team Question 13 What are the four types of project communication methods, and when are they appropriate? Give an example for each type. Question 14 For a real-world project (for example, construction of a bridge), describe how you would perform the following to manage the project risk: Risk Management Planning, Risk Identification, Qualitative Risk Analysis, Quantitative Risk Analysis, Risk Response Planning, and Risk Monitoring and Controlling. Question 15 What are the differences among planning, conducting, administering, and closing procurements? Question 16 Explain the process and significance of Integrated Change Control. Question 17 Give five examples of communication barriers during project management. Question 18 Explain with an example, a process control chart and its purpose. Question 19 Give five examples of poor quality costs. Question 20 What are the differences between top-down and bottom-up estimations?

    Answer Below:

    PROJECT xxxxxxxxxxxxxxxx to xxxxxxxx No xxxxxxx Period- xxxxxxx period xx the xxxxxx of xxxxx taken xx recover xxx amount xxxxxxxxxx invested xx a xxxxxxx by xxx company xxxx the xxx cash xxxx is xxx While xxxxxxxxx two xxxxxxxxx projects xxx company xxxxxx choose xxxx project xxxxx encounters xxx maximum xxxxxxx period xxx with xxxxxxxx payback xxxxxx i x the xxxxxxx which xxxxxxxx the xxxxxxxx investment xxxxx is xx be xxxxxxxx This xxxxxx is xxxxxxx in xxxxxxxxx the xxxx in xxx project xxx is xxxxxx in xxxxx rsquo x fast xxxxxxxx technology xxx Present xxxxxx When xxx initial xxxxxxxxxx in x project xx deducted xxxx the xxx total xx the xxxxxxxxxx net xxxx flows xxxxxx into xxxxxxxxxxxxx the xxxx of xxxxxxx of xxx company xx get xxx Net xxxxxxx Value xxx When xx compare xxx potential xxxxxxxx then xxx project xxxx generates xxx highest xxx i x the xxxxxxx real xxxxxx should xx chosen xx the xxxxxxx Internal xxxx of xxxxxxx Internal xxxx of xxxxxx IRR xx that xxxx of xxxxxx at xxxxx the xxx of x project xxxxxxx zero x e xxx cash xxxxxxx of x project xx equal xx the xxxx outflows x hurdle xxxx is xxx by xxx company xxx in xxxxx to xxxxxx a xxxxxxx the xxx of xxx project xxxxxx be xxxxx to xxx hurdle xxxx or xxxxxxx than xxx hurdle xxxx If xxxxx are xxx potential xxxxxxxx then xxx company xxxxxx accept xxxx project xxxxx has xxx highest xxx Answer xx Question xx Project xxxxx Management xxxxx the xxxxxxxxxx of xxxxxxxxx in xxxxx to xxxx sure xxxx all xxxxxxxxx work xxxxx will xxxx in xxxxxxx completion xx included xx the xxxxxxx and xxxxx which xxx not xxxxxxxx is xxxxxxxxx In xxxxx to xxxxxx the xxxxxxx scope xxxxx is x five xxxx process xx follows xxxxxxx Requirements- xxxxxxx this xxxxxxx the xxxxxxxxxxxx which xxx necessary xx complete xxx project xxx meet xxx objectives xxx defined xxx documented xxxx the xxxxxxx charter xxx the xxxxxxxx of xxx stakeholders xxxx process xxxxx the xxxxxxx team xx identify xxx requirements xx a xxxxxxx discuss xx detail xx to xxx to xxxx those xxxxxxxxxxxx and xx measure xxx requirements xx detail xxxxxx the xxxxxxxxx phase xxxxxx Scope- xx order xx perform xxxx process x detailed xxxxxxx is xxxxxxxx containing xxxxxxxxxxx deliverables xxx restraints xxx in xxxxx to xxxxxxxx the xxxxxxx work x framework xx established xxxxxx WBS- xxxxxxx this xxxxxxx the xxxxxxxxxxxx of xxx project xxx broken xxxx into xxxxxxx units xxxxx can xx managed xxxxxx and xx is xxxxx as xxxx packages xx the xxxxxx level xxxxxxx this xxxxxxxxx it xxxxxxx easy xx schedule xxx project xx well xx manage xxx control xxx project xxxxx Verify xxxxxx This xxxx is xxxxxxx in xxxxxxxx the xxxxxxx scope xxxxxxx through xxxx process xxxxxxxxxx of xxx project xxxxxxxxxxxx is xxxxxxxx by xxx project xxxx from xxx sponsors xxx the xxxxxxxxx of xxx project xxxxxxx Scope- xxxxxxx this xxxxxxx the xxxxxxx scope xx controlled xxx monitored xxx if xxxxx are xxx changes xx be xxxx in xxx project xxxxx then xxxx is xxxx managed xxxxxx to xxxxxxxx No xxx activities xx this xxxxxxx can xx listed xx under xxxxxxxx Description xxxxxxxxxxx Duration x None xxxxx B x weeks x A xxxxx D x amp xxx C xxxxx The xxxxxxxx path xx this xxxxxxx is x - x - xx it xxxxx the xxxxxxx time xx complete xxx project xxx the xxxxxxxx activities xxx A x amp xxx D xxxxxx to xxxxxxxx No xxxx Variance xx - xxxx Variance xxxxxxxx the xxxxxx by xxxxx the xxxxxxx is xxxxxxxx or xxxxxxxxx a xxxxxxxx CV xxxxxxx the xxxxxxx is xxxxxxxx and x positive xx meaning xxxxxxx is xxxxxxxxx In xxxxx to xxxxxxxxx the xxxx Variance xxx Actual xxxx AC xx subtracted xxxx the xxxxxx Value xx and x CV x means xxx project xx over-run xx the xxxxxx Schedule xxxxxxxx SV xxxxx Through xxxx variance xxx amount xx which xxx project xx either xxxxxx the xxxxxxxx or xxxxx of xxxxxxxx is xxxxxxxxxx a xxxxxxxx SV xxxxxxx the xxxxxxx is xxxxxx schedule xxx a xxxxxxxx SV xxxxxxx the xxxxxxx is xxxxx of xxxxxxxx It xx calculated xx subtracting xxx Planned xxxxx PV xxxx the xxxxxx Value xx and x SV xxxxx that xxx project xx ahead xx schedule xx terms xx the xxxxx of xxxx Cost xxxxxxxxxxx Index xxx - xxxx the xxxxxx Value xx is xxxxxxx by xxx Actual xxxx AC xx get xxx CPI xxxx CPI xx greater xxxx it xxxxx the xxxxxxx is xxxxxxxxxxxx if xxx is xxxx than xx means xxx project xx over-run xxx thus xxx means xxx project xx over-run xxxxxxxx Performance xxxxx SPI xxxxx When xx divide xxx Earned xxxxx EV xx the xxxxxxx Value xx we xxx the xxx If xxx SPI xx greater xxxx it xxxxx the xxxxxxx is xxxxxxxxxxxx and xx the xxx is xxxx than xx means xxx project xx being xxxxxxx and xxxx SPI xxxxx the xxxxxxx is xxxxxxxxxxxx Estimate xx Completion xxx - xxxx is xxx sum xxxxx of xxx Actual xxxx AC xx the xxxxxxx that xxx already xxxx spent xx it xxx the xxxxxxxx to xxxxxxxx ETC xxx remaining xxxx of xxx project xxx means xxxx the xxxxxxx will xx completed xx this xxxxxx in xx estimation xxxxxx to xxxxxxxx No xx order xx manage xxx project xxxxxxx there xxx seven xxxxx quality xxxxx as xxxxxxx Flowchart- xxxxxxx this xxxxxxx the xxxxxx outputs xxx actions xx processes xxx depicted xxx this xxxxx is xxxxxxx in xxxxx to xxxxxxx and xxxxxxx the xxxxxx Looking xx the xxxxxxxxx it xxx be xxxxxxxxxx as xx how xx implement xxx system xxx Chart- xxxxxxx this xxxxx an xxxxxxxx and xxxxxxxxxx can xx made xx the xxxxxx results xxxxx on xxx past xxxxxxxxxxx In xxxxxxxxxxxx the xxxxxx output xxxxxx can xx predicted xxxxx on xxx past xxxxxxxxxxx in xxxxx to xxxxx a xxxxxxxxxx date xxxxxxx Diagram- xxxx chart xxxxx to xxxxxxxx the xxxxxxxxxxxx that xxxxxx between xxx variables xxx variable xxxxxxxxx one xxxx and xxx other xxxxxxxx depicting xxx other xxxxxxxxxx Through xxxx chart xxx data xx organised xx a xxxxxx manner xxx the xxxxxxxxxx of xxxx variable xx depicted xx this xxxxx Pareto xxxxxxxx The xxxxxx and xxxxxxx that xxxxxx in x concern xxx identified xxxxxxx this xxxxxxx and xxxxxx and xxxxxxxxxxx according xx the xxxxxxx impact xxxx have xx the xxxxxxx Control xxxxxx The xxxxxxxxx of x variable xx monitored xxxxxx this xxxxx and xx also xxxxx to xxxxxxxxx whether xxx variance xx that xxxxxxxx is xxxxxx acceptable xxxxxxx control xxxxxxxxxx Cause xxx Effect xxxxxxxx Through xxxx chart xxx reasons xx the xxxxx and xxxxxx of x problem xxx be xxxxxxxxxx In xxxxxxxxxxxx if xxxxx is xxx defect xx the xxxxxxxx or xxx installation xx not xxxxxxxx done xxxx this xxxxx helps xx find x solution xx it xxxxxx to xxxxxxxx No x Scope xxxxxxxxxx Plan xxxxx to xxxxxxx a xxxxxxxxx for xxx scope xxxxxxxxxx processes xxx elements xx a xxxxx management xxxx are xx under xxx project xxxxx statement xxxxxx be xxxxxxxx in xxxxxx The xxxx Breakdown xxxxxxxxx WBS xxxxxx be xxxxxxx in xxxxxx and xx should xxxx be xxxxxxx as xx how xx will xx verified xx to xxxxxxx the xxxxxxx is xxxxxxxx or xxx It xxx to xx established xx to xxx to xxxxxxxx the xxx and xxx it xxxx go xxx acceptance xxx stability xx the xxxxxxx scope xx should xxxx be xxxxxxxxxx It xxx to xx planned xx to xxx to xxxxxx the xxxxxxxxxx when xxx project xx completed xx there xxx changes xx be xxxx to xxx project xxxxx statement xxx request xx received xx do xx then x control xxxxxxxxx needs xx be xxxxxxxxxxx in xxxxx process xxx request xx the xxxxxxx impact xxx project xxxxx then xxx impact xxxxxx also xx identified xxxxxx to xxxxxxxx No xxxx Program xxxxxxxxxx and xxxxxx Technique xxx CPM xxxxxxxx Path xxxxxx are xxxx used xx project xxxxxxxxxx but xxxxx are xxxxxxxxxxx between xxxx which xxx as xxxxxxx PERT xxx It xx a xxxxxxxxxxxxx model xxxxxxx this xxxxxxxxx helps xx plan xxx control xxxxx projects xxxxxx activities xxxxxxx to xxxxxxxxxxx It xx a xxxxxxxxxxxxx model xxxxxxx this xxxxxxxxx helps xx plan xxx control xxxxx activities xxxx are xxx subjected xx uncertainty xxx having xxxxx performance xxxxx PERT xx event xxxxxxxx CPM xx activity xxxxxxxx There xx no xxxx as xxxxxxxx and xxx critical xxxxxxxxxx in xxxx The xxxxxxxx activities xxx differentiated xxxx the xxxxx activities xx CPM xxxxxxxx having xxxxxxxxxxxx of xxxxxxxxx use xxxx type xx technique xxxxxxxx in xxxxx importance xx given xx the xxxxxxx costs xxx this xxxxxx This xxxx of xxxxxxxxx is xxxxxxxx for xxxxxxxx and xxxxxxxxxxx projects xxxx type xx method xx suitable xxx civil xxxxxxxxxxxxx ship xxxxxxxx etc xx PERT xxxx is xxx controlling xxxxxx In xxx cost xx the xxxxxxxxxxx factor xxxxxx to xxxxxxxx No xxx roles xx the xxxxxxx manager xx procurement xxxxxxxxxx are xx follows xxxxxxxxxxx documents- xx is xxx responsibility xx the xxxxxxx manager xx ensure xxxx these xxxxxxxxx properly xxxxxxxx the xxxx which xxx to xx done xx the xxxxxx and xxxx find xxx the xxxxxxxxxx through xxxxx the xxxxxx will xx selected xxxxxx The xxxxxxx manager xxxxx to xxxx sure xxxx the xxxxxxxx of xxx vendor xxxxxxxx the xxxxx of xxx project xxx also xxxxxxx the xxxxxxxxx of xxxx Staffing- xxx project xxxxxxx is xxxxxxxxxxx to xxxxxxxxx the xxxxx and xxxxxxxxxxxxxxxx of xxx project xxxx Schedule- xxx project xxxxxxx should xxxxxx a xxxx of xxx schedule xx the xxxxxx so xxxx he xxx include xx in xxx overall xxxxxxx schedule xxx also xxxxx the xxxxxxxx of xxx vendor xxxxxxx the xxxxxxxx schedule xxxxxx The xxxx of xxx project xxxxxxx is xx provide xxxx saving xxxxxxxxxxxx in xxx vendor xxxxx s xxxxxxxx Performance xxxxxxxx The xxxxxx which xx submitted xx the xxxxxx should xx reviewed xx the xxxxxxx manager xxxxxxxx If xxxxx are xxxxxxxx changes xx be xxxx by xxx contracting xxxxxxxxxx then xx is xxx role xx the xxxxxxx manager xx communicate xxxx the xxxxxxxxxx and xx assess xxx impact xx the xxxxxxx the xxxx changes xxxx have xxxxxxxxxxxxxxx is xxx duty xx the xxxxxxx manager xx verify xxxx the xxxxxxxxxxxx are xx per xxx requirements xxx are xx a xxxxxxxxx to xx used xxxxxxxxx The xxxxxxx manager xxxxx accepting xxx deliverables xx responsible xx inform xxx appropriate xxxxxxxxxx that xxx deliverables xxx in xxxx condition xxx thus xxx payment xxx be xxxx Procurement xxxxxxx The xxxxxxx manager xxxxxx document xxx lessons xx and xxx team xxx learned xxxxx procurement xxxx vendors xxxxxx to xxxxxxxx No xxxxxxx of xxxx Responsibility xxxxxxxx take xxx risk xxxxxxxx in x project xx one xxxx and xxx persons xxx assumes xxx responsibility xxx the xxxx in xxx other xxxx In xxxx example xx consider xxxx persons x B x amp xxx D xxx are xxxxxxxx in xxx project xxxx the xxxx is xxx as xxxx less xxxxxxxxxxxxxx is xx be xxxxxxx then x is xxxxxxxxxxx but xxxx the xxxx is xxx but xxxxxxxxxxxxxx is xxxx then x is xxxxxxxxxxx Similarly xxxx the xxxx is xxxx but xxxxx less xxxxxxxxxxxxxx is xx be xxxxxxx then x is xxxxxxxxxxx and xxxx the xxxx is xxxx and xxxx responsibility xx to xx assumed xxxx A xx responsible xxxxxx to xxxxxxxx No xxx PMI xxxxxxx Management xxxxxxxxx is x comprehensive xxxxxxxxxxx of xxx community xxxxx s xxxxxxxxxxxx from xxx ethics xxx professional xxxxxxx viewpoint xxx the xxxx of xxx PMI xxxxx scode xx ethics xx to xxxxx in xxxxxxxxxx in xxx project xxxxxxxxxx profession xxx following xxx the xxxxxxxx of xxx PMI xxxxx s xxxx of xxxxxx Responsibility- xxxxxxx this xxxxxxx the xxx code xx ethics xxxxxxxxxxxxxx is xxxxxx on xxx practitioners xx take xxxxxxxx and xxxxxxxxxxx decisions xxxxx on xxxxx competence xx that xxx general xxxxxx can xxxxxxx from xxxxx decisions xxx practitioners xxxxxx take xxxxxxxxxxxxxx of xxx decisions xxxx by xxxx and xxxx the xxxxxxxxxxxx that xxxxxx from xxxxx decisions xxxxxxxx It xx the xxxx of xxx practitioners xx understand xxxx the xxxxx is xxx act xxxxxxxx in xxx their xxxxxxxxxxxxxx as xxxx as xxxxx conduct xx is xxxxxxxx from xxxx to xxxxxxx correct xxxxxxxxxxx in xxxx and xxxx commitments xx good xxx honest xxxxx Respect- xxxxxxx this xxxxxxx the xxxx places xxxxxx as xx how xxxxxxxxx it xx to xxxx high xxxxxxx to xxx profession xx well xx respect xxxxxx cultural xxxxx It xx expected xxxx the xxxxxxxxxxxxx to xxxxxxx the xxxxx of xxxxxxxx of xxxxxx and xxx act xxxxxxxxx towards xxxxxx Fairness- xx is xxxxxxxx from xxx practitioners xxxx the xxxxxxxxx they xxxx should xx transparent xxx they xxxxxx allow xxx authorized xxxxxxx access xxx information xxxx require xxxxx Resource xx Management xxxx focuses xx the xxxx that x firm xxxxxx have xxx right xxxxxx in xxxxx so xxxx it xxx attract xxxxxxxxx as xxxx as xxxxxx them xxx motivate xxxx to xxxxxxx better xxx elements xx a xx management xxxx are xx follows xxxxxx Policies- xxxx will xx helpful xx the xxxxxxx in xxxxxxxx as xx how xx hire xxxxxxxxx and xxx to xxxxx on xxx interview xxx also xxxxxxxxx as xx whether xxxxx is x need xx carry xx training xxx current xxxxxxxxx Termination xxxxxxxxx This xxxxx the xxxxxxx in xxxxxxxxxxx the xxxxxxx of xxxxxxxxxxx the xxxxxxxxx and xxxx what xxxx be xxx procedure xx an xxxxxxxx wishes xx quit xxxxxxxxxxx Job xxxxxxxxxxxxx Every xxxxxx working xxxxxx the xxxxxxxxxxxx need xx create xxx descriptions xxxxx should xxxxxxx the xxxxxxxxxxxx which xxx needed xxx that xxxxxxxx Employee xxxxxxxxxxxx The xx management xxxx should xxxxxxx policies xxx employee xxxxxxxxxxx Safety xxxxxxx Every xxxxxxx should xxxx a xxxxxx policy xxxxx should xxxxxxx as xx who xx responsible xxx maintaining xxxxxx and xxxx how xxxxxxxx the xxxxxx meetings xxxxxx be xxxxxxxxx Discrimination xxxxxxxxx Company xxxxxx have xxxxx policies xxx steps xx to xxx the xxxxxxxxxx will xx handled xxxxxxxxx discrimination xxx sexual xxxxxxxxxx Detailed xxxxxxxxx HR xxxxxxxxxx plan xxxxxx create xxxxxxx plans xx detail xxx clarification xxxxxxxx Required xxxxxxxxx All xxxxxxxxx information xxxx are xxxxxxxx should xx properly xxxxxxxxx in xxx plan xxx then xx should xx implemented xx the xxxxxxxx policies xxxxxxxx Policies- xxxxx policies xxxx are xxxxxxxx to x company xxx its xxxxxxxxxxx should xx included xx the xxxx Answer xx Question xx Acquire xxxxxxx Team- xxxxxxx this xxxxxxx the xxxxxxxxxxxx of xxxxx resource xx confirmed xxx the xxxx which xx required xx complete xxx project xx obtained xx is xxxx of xxx Executing xxxxxxx Group xx the xxxx thing xx to xxxxxxxx the xxxxx required xx the xxxxxxx Develop xxxxxxx Team- xxxx is xxx process xxxxxxx which xxxxxxxxxxxx of xxx team xxx improved xxx there xx better xxxx interaction xxxxx is xxxxxxx in xxxxxxxxx the xxxxxxxxxxx of xxx project xx is xxxx of xxx Executing xxxxxxx Group xxxxxxx it xxxxxxxx improving xxx trust xxxxx team xxxxxxx Manage xxxxxxx Team- xxxx is xxx process xxxxxxx which xxx performance xx the xxxx members xx tracked xxxxxxxx is xxxxxxxx issues xxx resolved xxx changes xxx managed xx that xxx project xxxxxxxxxxx is xxxxxxxx It xx part xx the xxxxxxxxxx and xxxxxxxxxxx Process xxxxx because xxx main xxxxx of xxx process xx to xxxxxx the xxxxxxxxx between xxxx members xxx appraise xxx performance xx the xxxx Answer xx Question xx There xxx four xxxxx of xxxxxxxxxxxxx methods xxx the xxxx types xx communication xxx not xxxxxxxx in xxxx and xxxxx project xxx they xxxx to xx planned xxx are xx under xxxxxxxxxx meetings- xx is xxxxxxxxx to xxxxxxxx as xx which xxxxxxxx require xxxxxxxxxxx and xxxxxxxxxx meetings xxxxxx be xxxxxxxxx which xxx either xx face- xxxxxxx meetings xx electronically xx the xxxxxxxxxx meeting xx not xxxxxxxx conducted xxxx it xxxxxxx team xxxxx s xxxx badly xxxxxxx team xxxxxxxxx Considering xxx project xxxx these xxxxxxxx can xx short xx conducted xxxxxxx conference xxxx chatting xxxxxxx mails xx through xxxxx communication xxxxxxxxxx Through xxxx communication xxxxxx the xxxxxxx manager xxx keep x record xx the xxx to xxx work xxx solve xxx problems xxxx if xx is xxxxx Management xxxxxxxx The xxxxxxx managers xxxx to xxxxxx periodic xxxxxxx to xxx organizations xxxxx are xxxxxxxx by xxx managers xxx are xxx the xxxxxxxxxxxx in xxx project xxxxxxx Records- xxxx method xx used xx the xxxxxxx team xx communicate xx the xxxxxx These xxxxxxx should xx complete xx as xx enable xxx reader xx understand xxxx has xxxxxxxx Answer xx Question xx Risk xxxxxxxxxx Planning- xxxx management xxxxxxxx helps xx deciding xx to xxx the xxxxxxxxxx of xxxx management xxx to xx conducted xxxxxxx this xxx risks xxxxxx be xxxxxxxxxx but xx helps xx develop xxxxxxxxxx plans xx that xxx impact xx less xxxx Identification- xxxx identification xx the xxxxxxx through xxxxx the xxxx which xxxxxxx the xxxxxxx is xxxxxxxxxx and xxxxx that xxx characteristics xx the xxxxxxxxxx risk xx documented xxxxxxxxxxx Risk xxxxxxxx - xxxx helps xx prioritise xxx risk xxxxx is xxxxxxxxxx through xxx probability xx their xxxxxxxxxx and xxx corresponding xxxxxx it xxx on xxx objective xx the xxxxxxx if xxx risk xxxxxx Quantitative xxxx Analysis- xx is xxxxxxxxx on xxx risk xxxxx is xxxxxxxxxxx by xxx qualitative xxxx analysis xxxxx impacts xxx demand xx the xxxxxxx The xxxxxx the xxxx has xx analysed xxx a xxxxxxxxx rating xx given xxx to xxx decision xxxxxx process x quantitative xxxxxxxx is xxxxxxxxx Risk xxxxxxxx Planning xxxxx Through xxxx process xxx persons xxx are xxxxxxxxxxx for xxxx identified xxxx are xxxxxxxx and xxxxxxx to xx taken xxxxxxx that xxxx are xxxxxxx Action xxxxx are xxxxxxxxx to xxxxxxx to xxx risk xx it xxxxxx Risk xxxxxxxxxx and xxxxxxxxxxxxxxx responsibility xx manage xxx risk xxxx on xxx project xxxxxxx who xxxxx to xxxxxx the xxxxxx of xxx risk xxxxx are xxxxxxxxxx and xxxx make xxxx that xxx risk xxx in xxxxxxx Answer xx Question xx Planning xxxxxxxxxxxxx Through xxxx process xxx project xxxxx are xxxxxxxxxx by xxxxxxxxx services xxxx the xxxxxxx sector xxx it xxxx considers xx to xxxxxxx to xxxxxxx the xxxxxxxx or xxx as xxxx as xxx and xxxx to xxxxxxx them xxxxxxx this xxxxxxx documents xxx prepared xx as xx receive xxxxxxxxxxx and xxxxxxxxx from xxxxxxxxxxx vendors xxxxx details xx to xxx to xxxx the xxxxxxx needs xxxxxxxxxx procurements x Through xxxx process xx is xxxxxxxxxx in xxxxxxxxxxxx of xxx contracting xxxxxxxxx as xx how xx issue xxx contract xxx then xxxxxxxxxxxxx which xx appropriate xxx suitable xx developed xxx methods xx procurement xxx confirmed xx the xxxxxxxxxxx authority xxx the xxxx is xxxxxxx in xxxxx to xxxxxxxx the xxxxxxxx Administer xxxxxxxxxxxx - xxxxxxx this xxxxxxx it xx ensured xx to xxxxxxx the xxxxxxxxxxx of xxx contractor xxxxx the xxxxxxxxxxxx of xxx contract xx there xxx larger xxxxxxxx and xxxxxxxx contractors xxxx it xxxxxxx difficult xx manage xxx interfaces xxxxxxx the xxxxxxxxx providers xxxxxxx procurements x Through xxxx process xx is xxxxxxx that xxx the xxxx are xxxxxxxx completed xxx the xxxxxxx are xxxxxxx with xxx final xxxxxx and xxxxxxxxxxx is xxxxxx for xxx in xxxxxx There xxx specific xxxxxxxxxx for xxxxxxx procurements xx the xxxxx and xxxxxxxxxx of xxx contract xxxxxx to xxxxxxxx No xxxxxxxxxx Change xxxxxxx is x tool xx project xxxxxxxxxx which xxxxx in xxxxxxxx the xxxxxx the xxxxxx has xx the xxxxxxx through xxxxxxxxxx of xxx change xx various xxxxx The xxxxxxx management xxxx should xxxxxxxxx assess xxx change xxxxxxx and xxx project xxxxxxx should xxxxxx a xxxxxxx so xx to xxxxxxxxx people xx give x written xxxxxxx if xxxx wish xxxxxx changes xxxxxxxxxx the xxxxxxxx and xxxxxxxxx of xxxxx changes xx the xxxxxxx The xxxxxx request xx examined xx the xxxxxx committee xxx is xxxxxxxxxx appropriate xxxx the xxxxxxx manager xxxxxxxxxxxx those xxxxxxx in xxx schedule xxx significance xx integrated xxxxxx control xx as xxxxxxxxx If x change xxxxxxx is xxxxxxxxx then xx should xxxxxxx all xxx changes xx be xxxx in xxx project xxx change xxxxxxx is xx be xxxxx to x central xxxxxxxxxx of xxxxxxx which xxxxxxxx or xxxxxx the xxxxxxxx The xxxxxxx requests xxx periodically xxxxxxxx and xxx benefits xxx demerits xxx calculated xxx changes xxxxx are xxxxxxxx are xxxxx to xxx project xxxxx and xxxxxxxxxx properly xxxxxx to xxxxxxxx No xxxx of xxx communication xxxxxxxx are xx follows xxxxxxxxx and xxxxxxxx differences- xxxxx individual xxxx their xxx interpretation xxx want xx receive xxxxx messages xxxxx are xxxxxxxx to xxx Different xxxxxxx interpret xxx same xxxxx in x different xxxxxx and xx there xx difference xx language xxxx communication xxxxxxxxx may xxxx place xxxxxxxxxxx overload- x lot xx information xx there xxxx the xxxxxxxx and xxxx need xx control xxxx properly xx else xx may xx misinterpreted xx overlooked xx a xxxxxx communication xxx become xxxxxxxxxxx Time xxxxxxxxxx if xxxxx is x time xxxxx to xxxxxxxxxxx the xxxxxxxxxxx then xxxxxx the xxxxxxxxxxxxx channel xx shortened xx partial xxxxxxxx are xxxx Distraction xx noise- xxxxxxxx distractions xxxx as xxxx lighting xxxxxxxxxxxxx sitting xxx weakens xxx communication xxxx retention- xx a xxxxxx is xxx interested xx does xxx attend xx what xx being xxxx then xx will xxx be xxxx to xxxxxx it xxx thus xxxxx is x breakdown xx communication xxxxxx to xxxxxxxx No x process xxxxxxx chart xx a xxxxx which xxxxx to xxxxx how x process xxxxxxx over xxxx A xxxxxxx chart xxxxxx has x central xxxx for xxx average xx upper xxxx for xxx upper xxxxxxx limit xxx a xxxxx line xxx the xxxxx control xxxxx The xxxxxxx chart xxxxx to xxxxxx the xxxxxxx causes xx variation xxx control xxxxx is x plot xx some xxxxxxxx of xxxxxxx measurements xxxxxxx time x comparison xx made xxxxxxx the xxxxxx plotted xx the xxxxx and xxx control xxxxxx If x point xxxxxxx the xxxxxxx limits xxxx an xxxxx is xxxxxxxxx This xxxxx that xxxxxxx causes xx variation xxxxx and xxxxxx action xxxxx to xx taken xx that xxx causes xxx eliminated xxxxxx to xxxxxxxx No xxxx quality xxxxx are xxxxx costs xxxx are xxxxxxxx if xxxxxxxxx materials xxx produced xxx internal xxx external xxxx is xxxxxxxx by xxx poor xxxxxxx costs xxxxx results xxxx the xxxxxxx to xxxx the xxxxxxxxxxxx Examples xx poor xxxxxxx cost xxx as xxxxxxx Rework xxxxxx It xx an xxxxxxxx failure xxxxx and xxx caused xx the xxxxxxx do xxx satisfy xxx requirement xx the xxxxxxxxx Delay xxxxxx If xxxxx is xxxxx in xxxxxxxxx the xxxxxxx to xxx customers xxxx it xx treated xx a xxxx of xxxx quality xxxxxxxxx costs- xx is xx internal xxxxxxx costs xxx is xxxxxx when xxxxx is xxxxxxxx in xxxxxxxxx the xxxxxxxx to xxx customers xxxxxxxxxxx It xx an xxxxxxxx failure xxxxx and xx to xx incurred xx the xxxxxxx does xxx meet xxx requirements xx the xxxxxxxx Environmental xxxxxx It xx an xxxxxxxx failure xxxxx which xx incurred xx damage xx caused xx the xxxxxxxxxxx Answer xx Question xx In xxxxxxx management xxxx bottom xx and xxx down xxxxxxxxxxx are xxxx estimation xxxxxxxxxx but xxxxxxxxxxx exists xxxxxxx the xxx Top xxxx estimation xxxxx that xx order xx estimate xxx cost xx the xxxxxxx that xx been xxxxxxxxx worked xx the xxxxxxx manager xxx to xxxx into xxxxxxxxxxxxx previous xxxx of xxxxxxx similar xx the xxxxxxx one xxxxxxx bottom xx estimation xxx project xx thoroughly xxxxxxxxx and xxxx work xxxxxxx is xxxxxxxxx Top xxxx estimating xxxxx in xxxxxxxxxx quickly xxxxxx up xxxxxxxxxx takes x long xxxx for xxx project xxxxxxx Top xxxx estimating xx ideal xxx construction xxxxxxxx Bottom xx estimating xx ideal xx software xxxxxxxx which xxxxxxxx a xxx of xxxxxxxxxxxx REFERENCES xxxx www xxxxxxxxxxxx com xxxxxxxxxx cfa-level- xxxxxxxxxxxxxxxxx payback- xxxxxx asp xxxx www xxxxxxxxxx org xx investment xxxxxxxxx pdf xxxx www xxxxxxxxxxxxxxxxxxxxx com xxxxxxxxxxxxxxxxxxxxxxxxxx scope-management- xxxx html xxxx www xxxxxxxxxxxxxxxxxxxxx com xxx html xxxx www xxxxx ktu xx lt xxxxxx stories xxxxxxxxx ch xxx http xxxx simplilearn xxx project-management xxxxxxxxxxxxxxxxxxxxxxxxxxxx http xxxxxxxxxxxxxxxxxxxxxx wordpress xxx the-seven-tools-of-quality xxxx mis xxx edu xxxxxxxx minf xxxxxxx PMPStudyGuideEx xxx http xxxxxxxxxxx com xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx -scope- xxxxxxxxxxxxxxx http xxxxxxxxxxxxxxxxxxx com xxxxxxxx http xxxxxxxxx vtu xx in x enotes xxx Net xxxxxx pdf xxxx www xxxxxxxxxxxx com xxxxxxxx procurement-and-the-project-manager xxxx http xxx slideshare xxx abualward xxxxxx th-edition-chapter- xxxxxxxxxxxxxxxxxxxxx management xxxx customwritingtips xxx component x item xxxxxxxxxxxxxxxxxxxxxxxxxxxx professional-conduct xxxx http xxx pmi xxx About-Us xxxxxx media xxx Ethics xx pmicodeofethics xxxx http xxx brighthubpm xxx resource-management xxxxxxxxxxxxxxxxxxxxxxxxxxx the-nuts-bolts xxxx www xxx gc xx resources xxxx doc xxx cfbas-sceac xxxxx sspe xxx elements xx e xxx http xxx slideshare xxx abualward xxxxxx th-edition-chapter- xxxxxxxxxxxxxxx resources-management xxxx www xxxxxx net xx mypmps xxxxxxxxxxxxxx human-resources xxxxxxxxxxxxxxx planning xxxx http xxx projectmanagementguru xxx communication xxxx http xxx project-management-skills xxx different-types-of-communication xxxx https xxxxxxx clarizen xxx entries xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Techniques xxxx www xxx gov xxxxx library xxxxxxxxx guides xxx UP xxxx Management xxxxxx ces xxxxx pdf xxxx www xxxxxxxxxxx gc xx biens-property xxxxxxxxx bi-rp xxxxxxxxx approv- xxxxxxx manuelga-pmmanual- xxxx html xxxx www xxxxxxxx com xxxxxxxxx tech xxxxxxx process xxx change xxxx aspx xxxx blog xxxxxxxxxxxx com xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx html xxxx www xxxxxxxxxxxxxxxxxxxx com xxxxxxxxxxxxx barriers xxx http xxx org xxxxxxxxxxxxxxxxxxx data-collection-analysis-tools xxxxxxxx control- xxxxx html xxxx www xxxxxxxxx com xxxxxxxxxxxxxxxxxxxx http xxx isixsigma xxx implementation xxxxxxxxxxxxxxxxxx cost-quality-not-only- xxxxxxxxxxxxx http xxx six-sigma-material xxx Cost-of-Poor-Quality xxxx http xxx ehow xxx info xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx approaches xxxx lrm xxxx www xxxxxxxxxxxxxxxxxxxxxxxxxx com xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx down-estimating-management

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    Answer: Initiative Title: [Late and Missed Deliveries Reduction Project] Initiative Team Leader: Thomas Lloyd III Champion/Sponsor: Susan Keyes, VP of Operat...
    Question: Is it easy for a typical project manager to do a fine job with respect to all of the knowledge areas...
    Answer: A project manager can do a fine job easily even if he does not have requisite skills, training and experience in all possible knowledge areas. He does...
    Question: A Request for Proposal (RFP) leads to proposals from prospective sellers. What criteria would you us...
    Answer: Request for proposalRequest for proposal is made to get business proposals from the seller or supplier side. After getting bids from the seller evalua...
    Question: Have you ever negotiated with a seller? If so, what strategies did you use for negotiation? Did they...
    Answer: Negotiation Strategy Negotiation is a common tool nowadays used by a common person each and everywhere to save money or buy a better deal in the same ...
    Question: Refer to the three risk response strategies (avoid, mitigate, and transfer) in the Module Nine lectu...
    Answer: Risk response strategies are the approaches we can make to dealing with the risks we have identified and quantified. There are different types of risk...
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