How would you control the project budget? What techniques would you use?
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- Project planning requires four main elements to be estimated i) mentione those elments ii) ndicate your answer with an example to explain how to estimate thise four mail elementsSet-Up For this third mini-project, you will develop a strategic entrepreneurship plan to help a company decide whether to take a build, buy, and/or partner approach. To understand the background and parameters of the project, read this email from your supervisor: TO: Strategy TeamDATE: November 1, YYYYSENDER: [email address of supervisor]SUBJECT: Strategic Entrepreneurship Plan Our company experienced exceptional growth last year, yet we feel that there is a need to increase our capabilities to achieve our growth targets this year and in the future. As our lead strategist, could you analyze our company’s current capabilities and determine if we should take a build, buy, or partner approach to increase our capabilities? As you consider our current capabilities, please look at who we currently partner with, recent acquisitions, and innovations in the company. Then propose a plan for how to best meet the growth plans that leadership has established. This strategic entrepreneurship…Explain why it's critical to find a capable project manager for difficult projects.
- 1. Why is project cost control important? 2. Explain two ways to control costs using the advanced technologies studied in Unit 2. 3. Who creates the initial cost estimate and updates project costs as actual data is available?Discuss why many IT professionals ignore project expenditure management and how this may affect project completion. Explain project budgeting. 2. What's sunk cost? List IT and personal sunk expenses. Why is ignoring them so hard?short answer please What are the critical success factors for a project manager? What skills should managers look for when hiring someone who would be successful in this job?
- Describe how project management software may be used to help with project planning.Describe and clarify the situation, as asked.You work for Barbata Electronics. Your R&D people believe they have come up with an affordable technology that will double the capacity of existing MP3 players and use an audio format that is superior to MP3. The project is code named KYSO (Knock Your Socks Off). What kind of project management structure would you recommend they use for the KYSO project? What information would you like to have to make this recommendation and why?Discuss the problems that may be associated with project meetings. Make recommendations on the methods T could use to ensure the meetings he arranges as project manager, are effective.
- How, exactly, does a corporation develop its information security plan, which is really a project strategy?Discussthe advantages and important aspects of a project communication plan and develop a project communication plan for NASAs moon landing project1. What are the five phases of project management? 2. Why is it important for a project manager to focus on relationships within a project team and not just processes? 3. Why are Gantt charts used in project management? Cite two reasons. 4. Do you think project management skills would be useful for managing class projects? Why?