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Poor budgeting and stakeholder disengagement are two common challenges that project managers face. Both can have a significant impact on the success of a project, so it is important to address them as early as possible.   Based on the above statement, discuss both challenges with examples given either in the manufacturing sector or construction sector. Propose solutions or best practices to tackle both issues by using the project management body of knowledge areas in 6th edition as well as the latest PMBOK 7th edition.

Poor budgeting and stakeholder disengagement are two common challenges that project managers face. Both can have a significant impact on the success of a project, so it is important to address them as early as possible.   Based on the above statement, discuss both challenges with examples given either in the manufacturing sector or construction sector. Propose solutions or best practices to tackle both issues by using the project management body of knowledge areas in 6th edition as well as the latest PMBOK 7th edition.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Poor budgeting and stakeholder disengagement are two common challenges that project managers face. Both can have a significant impact on the success of a project, so it is important to address them as early as possible.

 

Based on the above statement, discuss both challenges with examples given either in the manufacturing sector or construction sector. Propose solutions or best practices to tackle both issues by using the project management body of knowledge areas in 6th edition as well as the latest PMBOK 7th edition.

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