Discuss how the project manager can evaluate the framework of the project and the project management techniques in order to make sure it is practical and good for the project. What are the characteristics while evaluating it?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
Question

Discuss how the project manager can evaluate the framework of the project and the project management techniques in order to make sure it is practical and good for the project. What are the characteristics while evaluating it?

Expert Solution
Step 1

Answer:

Measuring project success and gaining from fizzled projects may have a significant impact on independent enterprises. Organizations that use successful venture management create trust in their staff and customers.

When evaluating a company, it is difficult to make the evaluation fair and finish. To ask different partners, clients to assess each venture, staff administrations and to check the findings with the venture director.

Step 2

The following are the characteristics in evaluation:

Assessing customer commitment and loyalty:

It can be assessed by asking a straightforward questions like “were you happy with the outcome?” When all the outcomes are not completed, it is an indication that there have been wasteful things of business. To help you consider which enhancements to future projects should be made, remind both meetings involved what should have been improved to make the venture successful, and carry out adjustments as essential to future operations.

To assess reception of end-client:

Ask the venture’s end users to find out why they are not unexpectedly using the venture’s implications. If not, inquire what changes are supposed to improve the tests. Decide what recurrence they use the results with.

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Financial Statement Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education