Fundamental principles of project control (the overarching
process) and how these principles are employed by project managers
in a variety of capacities.
Explain elaborately
Answers
In summary, project control principles provide project managers with a structured approach to oversee projects effectively. By employing these principles, project managers can monitor progress, identify deviations, mitigate risks, maintain quality, manage costs, and ensure successful project outcomes.
Fundamental principles of project control serve as the guiding framework for project managers to effectively monitor and manage projects throughout their lifecycle. These principles ensure that projects are executed in line with the defined objectives, scope, timeline, and budget. They provide a systematic approach to identify, assess, and address deviations, risks, and issues that may arise during project execution. Let's explore some of these principles and how project managers employ them in different capacities:
Planning and Scope Management: Effective project control begins with comprehensive planning and clearly defining the project scope. Project managers employ techniques such as work breakdown structure (WBS) and scope statements to establish project boundaries, deliverables, and objectives. They continuously monitor and control the project scope to prevent scope creep and ensure alignment with the project goals.
Schedule Management: Project control involves monitoring and managing project schedules to ensure timely completion of tasks and milestones. Project managers create realistic project schedules, considering dependencies, resource availability, and critical path analysis. They employ techniques such as Gantt charts and project management software to track progress, identify schedule variances, and take corrective actions as needed.
Cost Management: Project managers oversee project finances by closely monitoring and controlling project costs. They create detailed project budgets, estimate expenses, and track actual costs against planned expenditures. Effective cost control involves tracking and managing project resources, managing change requests, and ensuring optimal resource allocation to avoid budget overruns.
Quality Management: Project control emphasizes maintaining high-quality standards throughout the project lifecycle. Project managers employ quality assurance processes, inspections, and reviews to ensure that deliverables meet predefined quality criteria. They use metrics and key performance indicators (KPIs) to measure and track quality performance, making necessary adjustments to maintain or improve quality levels.
Learn more about maintain quality here
https://brainly.com/question/29786174
#SPJ11
Related Questions
what are three primary reasons for asking others to review and comment on a presentation
Answers
Answer: to review content for accuracy, suggest improvements, or document feedback
Explanation:
i just took it
Which two factors affect the amount of thermal energy an object has?
O A. The average kinetic energy of the particles of the object
B. The amount of space between the particles of the object
O C. The directions in which the particles of the object are moving
O D. The number of particles that make up the object
SLIRMIT
Answers
Answer:
A, maybe b or d
Explanation:
A because thermal energy is caused by the friction between particles so A is true. B as if you decrease space between particles then they will collide more increasing friction and therefore thermal energy and exactly the same the opposite way round. With D. If you increase the amount of particles then there are more to collide with each other and less space however this one is tricky as it also depends on whether the space increases or not. I would say A and B, they are more safe but C is also maybe true but more risky. C definitely not as the particles movement direction does not affect thermal energy. Hope this helps. Please let me know if this was correct.
Answer:
B.
The number of particles that make up the object
one
D.
The average kinetic energy of the particles of the object
Explanation:
NEED HELP ASAP, WILL GIVE BRAINLIEST
Jan went grocery shopping and only bought items which had been marked down. The items she bought, along with their prices, can be seen below.
Compared to if she had bought no items on sale, by what percent was Jan’s total grocery bill discounted? Round to two decimal places.
a.
15.85%
b.
16.50%
c.
16.65%
d.
17.50%
Answers
Answer:
the answer is c 16.65% hope this helps you out
Based on the fact that Jan only bought goods that were marked down, the total percentage discount of Jan's grocery bill is c. 16.65%.
How much percentage discount did Jan get in total?First find the total discounted price:
= 8.47 + 2.16 + 0.89 + 1.45 + 1.36 + 4.39
= $18.72
Then find the total she would have spent without the discounts:
= 8.47 / (1 - 0.15) + 2.16 / (1 - 0.20) + 0.89 / (1 - 0.1) + 1.45 / (1 - 0.12) + 1.36 / (1 - 0.25) + 4.39 / (1 - 0.18)
= $22.47
The percentage discount is:
= (22.47 - 18.72) / 22.47
= 16.65%
Find out more on percentages at https://brainly.com/question/24304697.
#SPJ2
which describes monopolistic competition but not perfect competition? group of answer choices each firm has an insignificantly small market share. entry and exit are easy. products of individual firms are different. there are a large number of firms.
Answers
Monopolistic competition is characterized by product differentiation, a large number of firms with insignificantly small market shares, and easy entry and exit.
Monopolistic competition differs from perfect competition in that the products of individual firms are different. In a monopolistically competitive market, each firm produces a slightly differentiated product that is unique in some way, such as branding, packaging, or features. This differentiation allows firms to have some control over the price of their product.
In contrast, perfect competition assumes that all firms produce identical products, meaning there is no differentiation. This leads to a situation where firms are price takers, meaning they have no control over the price and must accept the prevailing market price.
Additionally, monopolistic competition typically involves a large number of firms, similar to perfect competition. However, each firm has an insignificantly small market share due to product differentiation. This means that no single firm has a dominant position in the market.
Furthermore, entry and exit are relatively easy in monopolistic competition, just like in perfect competition. This means that new firms can easily enter the market and existing firms can exit if they are not profitable.
Learn more about Monopolistic competition
https://brainly.com/question/29617378
#SPJ11
Describe the major components of business conduction plan.
Helppp AHHHH
Answers
Answer:
Heya there!
Here's ya answer.
Executive summary Business description and structure Market research and strategiesManagement and personnel Financial documents Founder (team) and business leadershipCo-workers and business coordinationExplanation:
Supply chain management is the process of integrating all the activities entailed by the supply chain.
False
True
Answers
True. Supply chain management is the process of integrating and managing all the activities involved in the flow of goods, services, and information from the suppliers to the end customers.
This includes everything from sourcing raw materials, manufacturing and production, transportation and logistics, inventory management, and distribution.
The goal of supply chain management is to create a seamless, efficient, and cost-effective supply chain that meets the needs of customers while maximizing profitability for the company. This involves coordinating and collaborating with suppliers, manufacturers, distributors, and retailers to ensure that products are delivered on time, in the right quantity and quality, and at the lowest possible cost.
Effective supply chain management requires the use of advanced technology, such as enterprise resource planning (ERP) systems, transportation management systems (TMS), and warehouse management systems (WMS), as well as strong communication, collaboration, and relationship-building skills.
Learn more about collaborating here:
https://brainly.com/question/31412149
#SPJ11
Describe the population distribution in Guyana
Answers
More than 70 percent of Guyana's coastal population is rural, living on plantations or in villages strung along the coastal road. The villages range in size from several hundred to several thousand inhabitants. The layout of the villages is dictated by the drainage and irrigation systems of the plantations, both active and abandoned. The villages are most heavily concentrated along the estuary of the Demerara River and the eastern environs of Georgetown, near the mouth of the Berbice River close to New Amsterdam, and along the extreme east coast near the Courantyne River.
The pattern of population distribution in Guyana is a product of nineteenth-century economic development, which was based on the cultivation of sugarcane. Because the swampy coast was fertile and sugar production was geared to export, the large sugar estates confined their operations to a narrow coastal strip. Most of the villages had ethnically diverse populations, but usually one ethnic group predominated. The urban population was predominantly African, but it would be misleading to suggest that all Afro-Guyanese were urban. Indeed, the majority of the Afro-Guyanese population was rural. A far greater majority of Indo-Guyanese, however, lived outside the cities. The interior of the country was left mainly to the Amerindians. Even the later exploitation of timber, bauxite, and manganese in the interior failed to effect any sizeable migration.
A competitive firm maximizes its profits (or minimizes is losses) by producing the quantity where the market price equals the firm's:___.
Answers
A competitive firm maximizes its profits (or minimizes is losses) by producing the quantity where the market price equals the firm's producer surplus. The whole amount that a producer makes when they create and sell a certain amount of an item at the going rate is known as the producer surplus.
The producer surplus is equal to the entire revenue from sales of a producer's goods minus the marginal cost of production. The benefit to sellers of participating in a market is measured by producer surplus. It is calculated as the price paid to a seller less the cost of manufacturing.
To learn more about producer surplus, click here.
https://brainly.com/question/26530265
#SPJ4
Is it necessary to allocate resources?
Answers
Answer:
It depends on the context.
Explanation:
In the example of a government allocating resources to the country then yes. They would set budgets/allocate certain amount of resources to ensure there is enough resources for each department.
This is similar to how we manage finances on a daily or monthly basis (?) e.g. our parents give us pocket money every day so we have a limited funding and do not overspend
We then decide what we want to spend our money (allocating resources) on so we can get what we want to buy or what we want to save
According to researchers at the Ohio State University leaders who use ( a. team managment style b. employee centered behavior c. initiating structure behavior ) define the leader–subordinate role formally and set clear expectations, but the same leaders can also show (a. consideration behavior b. middle of the road style c. taskorientation) taking a more friendly, supportive approach. In Blake and Mouton’s Leadership Grid, the style labeled (a. participative b. authority compliance c. employee centered) is most similar to the approach of leaders who demonstrate the (a. initiating structure b. consideration c.directive) behavior identified by researchers at the Ohio State University.
Answers
According to researchers at the Ohio State University, leaders who use the initiating structure behavior define the leader-subordinate role formally and set clear expectations, but they can also show consideration behavior by taking a more friendly, supportive approach. The style labeled employee centered in Blake and Mouton's Leadership Grid is most similar to the approach of these leaders.
researchers at the Ohio State University, leaders who use (c. initiating structure behavior) define the leader-subordinate role formally and set clear expectations, but the same leaders can also show (a. consideration behavior) taking a more friendly, supportive approach. In Blake and Mouton's Leadership Grid, the style labeled (a. participative) is most similar to the approach of leaders who demonstrate the (b. consideration) behavior identified by researchers at the Ohio State University.
learn more about researchers here:
https://brainly.com/question/18723483
#SPJ11
Using the constant growth model, a firm's expected dividend yield (D1) is 4% of the stock price, and its growth rate is 5%. If the tax rate is 35%, what is the firm's cost of equity?
10%
6.65%
9.0%
5.85%
Answers
The constant growth model is used to estimate the cost of equity for a firm. The formula for this model is Cost of Equity = (Dividend Yield + Growth Rate) / (1 - Tax Rate). correct answer is 10%.
In this case, the expected dividend yield is 4% and the growth rate is 5%. The tax rate is given as 35%. Therefore, the cost of equity for the firm can be calculated as follows:
Cost of Equity = (4% + 5%) / (1 - 35%)
Cost of Equity = 9% / 0.65
Cost of Equity = 13.85%
Therefore, the firm's cost of equity is 13.85%, which is not one of the options given in the question. The closest option to this answer is 10%. However, it is important to note that the answer may vary depending on the assumptions made in the constant growth model.
To know more about Dividend Yield visit :-
https://brainly.com/question/27194779
#SPJ11
Consumption still exists even if income is zero because ________.
a) people still have basics needs they must meet
b) people would get things on sale
c) people always make a basic income no matter what
Answers
Consumption still exists even if income is zero because people still have basics needs they must meet.
Even if a person has no income, they must meet fundamental necessities such as food, water, shelter, and clothing in order to exist.
As a result, they will continue to spend things and services in order to meet their requirements.
In reality, persons with lower earnings devote a greater amount of their income to basic necessities like shelter and food than those with higher salaries.
As a result, consumption is determined not just by income but also by the basic necessities that must be addressed.
For such more question on Consumption:
https://brainly.com/question/30623688
#SPJ11
Consumption still exists even if income is zero because people still have basic needs they must meet.
Consumption refers to the use of goods and services to satisfy human wants and needs. Even if a person has no income, they still have basic needs such as food, shelter, and clothing that must be met to survive. In such situations, people may rely on other sources of support such as family, friends, or government assistance programs to meet their basic needs. Additionally, people may still consume goods and services that are freely available, such as public parks or libraries, or they may engage in non-monetary forms of exchange, such as bartering or sharing resources. Therefore, while income is a key determinant of consumption, it is not the only factor, and consumption can still occur even in the absence of income.
Learn more about Consumption here:
https://brainly.com/question/14975005
#SPJ11
wi governor jim doyle used his partial veto power in the 2005-2007 budget cycle to shift millions of dollars from the transportation budget to the education budget. this use of the partial veto was so extreme it became known as the:
Answers
The use of the partial veto power by Governor Jim Doyle in the 2005-2007 budget cycle, where he shifted millions of dollars from the transportation budget to the education budget, was so extreme that it became known as the "Frankenstein veto."
The partial veto power in Wisconsin is one of the broadest in the United States, giving the governor the ability to strike individual words, numbers, and even letters from a bill passed by the legislature. This power was added to the state constitution in 1930 as a way to give the governor a check on the legislative branch and prevent them from adding unnecessary or objectionable provisions to bills. However, the use of the partial veto power has been controversial, with some arguing that it gives the governor too much power to rewrite legislation and undermines the role of the legislature in the budget process. The Frankenstein veto used by Governor Doyle in the 2005-2007 budget cycle is one of the most extreme examples of the partial veto power being used to shift funding between different areas of the budget. In this case, the governor used the power to strike individual words and numbers from the budget bill to shift money from the transportation budget to the education budget. This led to criticism from both sides of the aisle, with some arguing that it was an abuse of power and others defending it as a necessary action to fund education in the state.
Learn more about budget here:
https://brainly.com/question/14188925
#SPJ11
explanation of what’s happening
please help, due tonight
Answers
Answer:
what is this there is nothing to answer
Explanation:
Crystal has tired and aching feet. Which personal care professional should she visit to relieve the pain and tiredness?
Ο Α. .
nail artist
OB.
skin specialist
OC. makeup artist
OD
massage specialist
Answers
In two or three sentences, explain why real GDP per capita does not reflect the actual distribution of wealth.
Answers
Answer:
Real GDP per capita shows the level of output in a country divided equally by the number of people living in a country. But, in reality, output may not be distributed equally among everyone in the country.
Explanation:
What is Sheil , ????
Answers
Answer:
1. a pasture or grazing ground. 2. a shepherd's or herdsman's hut or rough shelter on or near a grazing ground. Also: shealing, shiel.
Explanation:
Critical Thinking:
8. Seventeen year old Kara, who is also black, wants a laptop computer of her own. She goes to Best Buy to purchase a new laptop with part of the money she saved from her part-time job. The laptop cost $1,100. Kara offers to put down $400 and make monthly payments through the store’s credit plan. Because Kara is only 17, the manager of the store refuses to sell her the laptop and asks her to return with her parents to possibly work out a deal.
1) Is this fair to Kara? Explain.
2) Is this discriminatory or illegal? Explain.
a.
3) What concerns might the manager have about selling a computer to Kara? (2)
a.
b.
Answers
Answer:
1) It may not be fair to Kara,but since many teenagers are ill-responsible, it may be best to work out deals with their parents, rather than a child. Since she is supposed to be making monthly payments, that may mean that she forgets, or doesn't do so. By having a parent there, Kara and the manager can ensure that there is understandment about the product that is being sold.
2) Kara is under 18, which means that a salesperson does not have to sell her a product if they feel it is not fit for them. So no, it is not illegal or discriminatory to her race, but perhaps to her age group..
3) a. The manager may be worried that Kara is not mature or old enough to have the responsibilities that come with paying a month-to-month rate.
b.The manager also may be worried that Kara took the money from her parents to secretly buy the computer, rather than buying the computer with her own money.
I hope this helps & Good Luck!
In two or more complete sentences, compare and contrast making a purchase with a debit card versus making a purchase with a credit card.
Answers
Answer:
When you pay with a credit card you use the bank's money that you have to pay back but with a debit card, you are using money straight out of your account. In the end, you are basically using your money just not in the form of paper.
Explanation:
When you pay with a credit card you use the bank's money that you have to pay back but with a debit card, you are using money straight out of your account. In the end, you are basically using your money just not in the form of paper.
Answer:
The difference between a credit card and a debit card is that when using a credit card, you are borrowing money from the bank. The money does not belong to you and using the credit card will put you in dept, whereas, with a debit card, you are using your own money from your bank account.
In short, credit cards allow you to borrow money while debit cards allow you to access money that is your own.
The average U.S. worker is MOST likely to hold about _____ jobs between the ages of 18 and 25. Please choose the correct answer from the following choices, and then select the submit answer button. three two seven five
Answers
If demand increases and supply remains constant
Answers
Answer:
The product would sell for more
1.) Select which part of the expenditures approach of calculating the GDP is being described: All private consumption in a nation's economy is part of this expenditures approach for calculating the GDP.
sum of all the country's businesses spending on capital
gross imports
consumer spending
sum of government spending
gross exports
2.)Select which part of the expenditures approach of calculating the GDP is being described: Purchase of weapons for the military is part of this expenditures approach for calculating the GDP.
consumer spending
gross imports
sum of all the country's businesses spending on capital
gross exports
sum of government spending
Answers
Answer:
Selection of the part of the expenditures approach of calculating the GDP is being described:
1. All private consumption in a nation's economy is part of this expenditures approach for calculating the GDP.
=
consumer spending
2. Purchase of weapons for the military is part of this expenditures approach for calculating the GDP.
=
sum of government spending
Explanation:
The expenditures approach to Gross Domestic Product (GDP) is calculated as consumption + investment + government expenditure + exports – imports. Consumption refers to the consumer spending while Investment refers to the sum of all the country's businesses spending on capital.
Private consumption is part of the consumer spending when using the expenditures approach for calculating the GDP.
Purchase of weapons for the military is part of government spending.
What is the expenditures approach?Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households on durable and non durable goods + Investment spending by businesses + Government spending + Net export
To learn more about GDP, please check: https://brainly.com/question/15225458
#SPJ5
if in some year gross investment was $240 billion and net investment was $200 billion, then in that year the country's capital stock Multiple Choice decreased by $40 billion, O Increased by $200 billion may have either increased or decremed, increased by $40 billion
Answers
If gross investment in a particular year was $240 billion and net investment was $200 billion, then in that year the country's capital stock increased by $200 billion.
Gross investment refers to the total amount spent on new capital goods and the replacement of depreciated capital. Net investment, on the other hand, is the difference between gross investment and depreciation, which represents the wear and tear of capital assets over time.
In this case, the difference between gross investment ($240 billion) and net investment ($200 billion) is $40 billion, which indicates the amount spent on replacing depreciated capital. Since net investment represents the actual increase in the capital stock, we can conclude that the country's capital stock increased by $200 billion in that year. This increase in capital stock is essential for a nation's economic growth, as it enhances productivity and supports sustainable development.
Learn more about capital stock here: https://brainly.com/question/31117550
#SPJ11
when was jen unemployed? if ((year >= 2010)
Answers
The information provided does not specify when Jen was unemployed. The statement "if ((year >= 2010)" only provides a condition for a year
The statement "if ((year >= 2010)" only provides a condition for a year being greater than or equal to 2010 and does not provide any information about Jen's employment status. To determine when Jen was unemployed, additional information, such as her employment history, would be required. Keep in mind that being unemployed refers to a state of not having a job but being actively seeking employment, The information provided does not specify when Jen was unemployed. so it's important to have clear and accurate information about an individual's employment status in order to determine when they were unemployed.
Learn more about unemployed here:
https://brainly.com/question/29669056
#SPJ4
A country has a trade deficit of $20 billion with its trading partners (
year. Which change would cause the country to have a trade surplus the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country increases its imports by $30 billion.
C. The country decreases its exports by $10 billion.
D. The country decreases its imports by $10 billion.
Answers
D) The nation reduces its exports by $30 billion, the change would result in a trade deficit the following year for the country that had a trade surplus of $20 billion in one year.
When imports rise faster than exports, a trade deficit occurs. If the country increases its exports by $30 billion, decreases its imports by $10 billion, or increases its imports by $10 billion, it cannot have a trade deficit.
As a result, the country will only experience a trade deficit if its exports decrease by $30 billion while the rest of its exports remain unchanged.
With an example, what is a trade deficit?A country has a trade deficit when its imports exceed its exports over a given time period. A negative balance of trade (BOT) is another name for this situation. There are several ways to determine the balance, including: goods (also called " merchandise”), goods and services, and services and goods.
To learn more about trade deficit here
https://brainly.com/question/25313034
#SPJ1
Full Question = A country has a trade surplus of $20 billion with its trading partners over a
year. Which change would cause the country to have a trade deficit the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country decreases its imports by $10 billion.
O C. The country increases its imports by $10 billion.
O D. The country decreases its exports by $30 billion.
customer asks for a list of all products made at factories with an icti certification. how many products do we sell that are made in icti certified factories?
Answers
To provide the customer with a list of all products made at factories with an ICTI certification, we would need to gather information from our suppliers regarding which factories they use for production and whether those factories have an ICTI certification.
Once we have this information, we can compile a list of products that are made in ICTI certified factories. The number of products we sell that are made in ICTI certified factories will depend on the information we receive from our suppliers. It is possible that all of our products are made in ICTI certified factories, or it is possible that only a portion of our products meet this criteria. Once we have compiled the list, we can share it with the customer to provide them with the information they have requested.
To know more about ICTI certification click here:
brainly.com/question/29999363
#SPJ11
Write any five methods of getting information of foreign employment and discuss any one of them.
Answers
Answer:
May it will help you
Explanation:
1) Notice board
2) Book of introduction
3) Institutions work working under the ministry of labour
4) Authority of human resources
5) Manifestos of training institutions
6)Web site
7) Newspapers
8) Public meeting :the manpower company, training institutions and institutions of public counseling are working in the field of foreign employment in nepal.
They come to the direct or indirect contact of people through various programmes of interaction, seminar, and meeting.
9)Radio and television
Foreign employment getting information through Notice board, Book of introduction, Authority of human resources, Web site, and Newspapers.
Who is Foreign employment?
Public meeting: When the manpower company, training institutions, and institutions of public counseling are working in the field of foreign employment in Nepal.
Although, They come to direct or indirect contact with people through various programs of interaction, seminars, and meetings.
Also, Foreign employment getting information through Institutions work working under the ministry of labor, Manifestos of training institutions, Radio, and television
Find more information about Foreign employment here:
https://brainly.com/question/10512840
where should be the business registered legally?
Answers
Hope this helps you ♥︎☀︎☁︎♨︎
An entrepreneur estimating costs for a new business tends to avoid looking at the A. Cost of capital equipment. B. Escalating costs of raw materials. C. Inevitability of things going wrong. D. Costs associated with hiring personnel
Answers
The entrepreneur tends to avoid looking at the inevitability of things going wrong when estimating costs for a new business.
When estimating costs for a new business, entrepreneurs often focus on the tangible and more predictable aspects of expenses, such as the cost of capital equipment, escalating costs of raw materials, and costs associated with hiring personnel. These factors can be more easily quantified and analyzed, allowing the entrepreneur to make more accurate financial projections and budgeting decisions.
On the other hand, the entrepreneur may tend to avoid looking at the inevitability of things going wrong. This could include unforeseen challenges, setbacks, or unexpected expenses that may arise during the course of establishing and operating the business. These uncertainties can be difficult to anticipate and estimate in advance, making it challenging to factor them into the initial cost estimation.
Learn more about entrepreneur : brainly.com/question/31010585
#SPJ11
What happens if you type g(g>3) and hit return? can you explain how matlab got that answer? what happens if you type g(g>3) = 100 and hit return? can you explain how matlab got that answer?
Answers
Typing "g(g>3)" in MATLAB will return the elements of the variable or array 'g' that are greater than 3. MATLAB uses logical indexing to select the elements that satisfy the given condition.
In MATLAB, the expression 'g(g>3)' is known as logical indexing. It creates a logical array by evaluating the condition 'g>3', which checks whether each element in 'g' is greater than 3. The resulting logical array acts as an index to select the elements from 'g' that satisfy the condition. So, 'g(g>3)' returns the elements of 'g' that are greater than 3.
If 'g(g>3) = 100' is entered, MATLAB assigns the value of 100 to the elements of 'g' that fulfill the condition 'g>3'. This means that any element in 'g' greater than 3 will be replaced with 100, while the other elements remain unchanged. It updates the values of 'g' accordingly.
These operations demonstrate the power of logical indexing in MATLAB, allowing for efficient selection and manipulation of array elements based on logical conditions.
Learn more about MATLAB here: brainly.com/question/32465291
#SPJ11