Answered: I am a developer of single-family…

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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Question

I am a developer of single-family residential communities in Florida. I am trying to determine how many homes I
should build in my new community. Explain the principle I should employ to determine the right size for me my new
community, and how the elements of this principle apply to my project.

Expert Solution

Step 1

A Small Introduction about Project Management

Project management is significant on the grounds that it carries administration and course to projects. ...
Project management gives authority and vision, inspiration, eliminating barricades, instructing, and rousing the group to take care of their best responsibilities.
Project supervisors serve the group yet in addition guarantee clear lines of responsibility.
Project management is the use of cycles, techniques, abilities, information, and experience to accomplish explicit project destinations as indicated by the project acknowledgment models inside concurred boundaries.
Project management has last assumptions that are obliged to a restricted timescale and spending plan.