Flexibility to absorb the risk is imperative in the project. Do you agree? Explain with suitable examples.

Q: Explain

A: The above project matrix is a planned approach to focus on important tasks which are important for…

Q: How would you identify the project risk? What can b done to reduce the impact of risk?

A: Project management is the management in which different types of knowledge and skills are needed to…

Q: Describe what can be done if an organisation lacks the expertise to make a project feasible?

A: The feasibility study establishes the project's viability.

Q: Define risk in the context of projects. What are the main sources of project risk?

A: Risk in the context of a project Risk management is an integral part of just about any…

Q: List the questions that should be asked when preparing the project plan. Why is it essential for the…

A: A project plan works as a - strategic tool to control the project under the decided scope &…

Q: Why estimating time and cost is critical.

A: As a business owner, you have to ensure that the cost of your projects or products doesn’t exceed…

Q: Describe an alternative approach to consider risk in a project evaluation?

A: Step 1: Identify potential risks. Sit down and create a list of every possible risk and opportunity…

Q: What are the features of winning a project proposal?

A: When you win a project proposal, you have already gotten most of the work done to figure out your…

Q: Explain how project duration estimation affects the project cost.

A: Every company involves in some project at some point of time. The duration varies from company to…

Q: Identify at least 4 risks that could jeopardise the project?

A: Introduction - Project threat is described through PMI as, "an unsure occasion or situation that, if…

Q: How does software project management differ from traditional project management?

A: Software project management shares many similarities with traditional project management, it also…

Q: Explain in your own words what a project manager can do to identify and manage risks that could…

A: Project management is the management in which different types of skills equipment processes and…

Q: Explain what are the benefits of providing excellent project reports

A: Both project team members and project partners value project reports highly. It has a variety of…

Q: Justify the use of earned value management (EVM) to control expenses and monitor the effectiveness…

A: Earned Value Management (EVM) is a project management tool that enables project managers to measure…

Q: list the benefits of the Project Manager and explain one, in addition  what do you think will…

A: Project management is the management in which special skills and knowledge is required to develop…

Q: Some project management applications can be quite expensive. As a manager, how would you justify the…

A: Project Management software is indeed a long-term investment for the firm since it provides…

Q: Justify the usage of earned value management (EVM) to control costs and monitor project success, and…

A: EVM (Earned Value Management) is a tool that aids project managers in assessing project performance.…

Q: Why use a project management software such as MS Project better than MS Excel to manage and store…

A: Project's built-in capabilities are superior to Excel when it comes to managing project information.…

Q: Why is it important for the project manager to expedite closeout of the project?

A: Project management includes all those activities that help the organization in completing the…

Q: Think of a project in which you are currently involved.  Describe the objectives, scope, schedule,…

A: Undertaking manufacturing is an activity intended to deliver enormous, costly, particular items like…

Q: riefly describe any ghanaian government/public project/program of your choice and design a…

A: Kagera Transboundary agroecosystem management project( KAGERA TAMP) is an agro-ecosystem type of…

Q: Explain why it's critical to find a capable project manager for difficult projects

A: A skilled project manager ties a project together and ensures that quality and goals are completed…

Q: You have been assigned as a Project Manager in your Company. Your Sponsor wants Project Budget to be…

A: The estimation of the project cost is defined as the process to predict the future concerning the…

Q: Discuss the types of software that can help project manager with cost management?

A: The process of cost management entails estimating, allocating, and controlling project spending.…

Q: Why is it critical for project managers to have a firm grip on the project's baseline? Under what…

A: The company's plan is the timeline for the task that was agreed upon by all parties involved,…

Q: Understand techniques for managing project costs. Describe the techniques mentioned.

A: What is Project Cost Management? Project Cost Management is the method of assessing, budgeting, and…

Q: A successful project need a project management plan. How to ensure this statement. You may have…

A: A successful project need a project management plan because: Project management plan helps in…

Q: Justify the need for a project manager to handle difficult activities.

A: Project management: It is the process of managing the overall work related to the project to achieve…

Q: You have committed to migrating your software platform from a server based to a cloud based product…

A: Given, the total cost of the project: Project completion time:  monthsAmount paid after  months: The…

Q: Make it fast, make it good and make it cheap is what senior managers always ask for from their…

A: With any venture, there are limitations and risks that should be addressed to guarantee the task's…

Q: One of the staff members who reports to you has requested holiday, but you are reluctant to grant…

A: The objective of this question is to draft an email to the manager explaining the reasons for not…

Q: One of your biggest challenge is to minimize risk. What are the skills required as an IT Project…

A: Risk management is the process of identifying, assessing, and mitigating risks that may impact a…

Q: can you explain material supply risk in terms of schedule, cost, and quality of the project? explain…

A: Managing risks on obligations is a way that includes threat assessment and a mitigation approach for…

Q: How can a payback period approach be used to evaluate potential projects?

A: Payback period is a technique of capital budgeting. It is used to evaluate the potential projects…

Q: phase of the project management life cycle do you think is crucial? Provide example.

A: Project management is the management in which special skills, knowledge, and information are…

Q: What are positive risks in project management? Provide an example

A: Positive risk refers to any situation, event, and condition whose occurrence that develop a positive…