Propose another attribute that might be used for project profiling besides budget size, location, and technical knowledge. Include the following in your answer:
-Describe the categories into which you would divide your attribute.
-Describe the skills or knowledge a project manager would need to work on a project in each of your categories.
Answers
Another attribute that could be used for project profiling is the level of stakeholder involvement. This attribute could be divided into three categories: low, medium, and high.
An attribute that might be used for project profiling besides budget size, location, and technical knowledge is the level of stakeholder involvement which could be divided into three categories: low, medium, and high.
In the low category, the project manager would only need to involve a few stakeholders who have limited influence on the project. In this case, the project manager would need to have good communication and negotiation skills to ensure that the stakeholders are aware of the project's progress and are satisfied with the outcome.
In the medium category, there would be a moderate number of stakeholders who have varying degrees of influence on the project. In addition to good communication and negotiation skills, the project manager would need to be adept at managing expectations, resolving conflicts, and building strong relationships with stakeholders.
In the high category, there would be a large number of stakeholders who have significant influence on the project. The project manager would need to have strong leadership skills, excellent communication and negotiation skills, and the ability to manage complex stakeholder relationships. Additionally, the project manager would need to be skilled in change management and risk management, as the high level of stakeholder involvement increases the risk of project delays or failures.
In conclusion, considering the level of stakeholder involvement as an attribute for project profiling can help project managers better understand the project's complexities and challenges. By identifying the categories and required skills, project managers can prepare themselves for the unique demands of each project and ensure its success.
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Related Questions
Can I please get help with this???? I’m not sure if the two are right or not. Please help me!!!!
Answers
Answer:
I think the two you have are correct the second one is Chain restaurants i think
third one Franchise restaurants fourth one One location restaurants
Explanation:
1.
In 2016, a market had sales of £350.000. In 2017, the market grew by 5%.
Calculate the new market size in sales value.
Answers
Answer:
The new market size in sales value is 367,500
Explanation:
Answer:
£367,500
Explanation:
the market was £350,000 in 2016.
in 2017, the market grew by 5%.
the new market size will 5% more than 2016.
if 2016 was 100%, 2017 will be 105%
2017 = 105% x £350,000
=105/100 x £350,000
=1.05 x £350,000
=£367,500
Due to its unique distribution system where 98% of replacement parts can be available to customers through its dealer network, Caterpillar has a _______ advantage over Komatsu, one of its main competitors.
Answers
Answer:
Sustainable competitive advantage
Explanation:
In an economy where firms compete to gain market share, the ability of a firm to leverage on a unique capability and successfully gain more market share from other firms is called competitive advantage.
This can be in terms of quality, price, ease of delivery, and so on.
A competitive advantage is said to be sustainable when it enables a company to be more successful than its competitors over a long period of time.
In this scenario unique distribution system where 98% of replacement parts can be available to customers through its dealer network of Caterpillar is a sustainable competitive advantage that makes it more successful than Komatsu over a long period
Reinvesting cash flow allows a firm produce additional products and generate additional sales.
O True
O False
Answers
When a firm pursues a predatory pricing strategy, it does so to hire more staff to lower unemployment. to increase supply to benefit consumers. to maximize profits in the long run. to discourage short run competition.
Answers
The main purpose why firms pursue a predatory pricing strategy is:
to discourage short run competition.Who is Predatory Pricing Strategy?This has to do with the intentional act of firms to set their prices very low and also sell below AVC to drive out competitors.
With this in mind, we can see that with this type of business strategy, firms are able to suffer losses with the aim of discouraging short run competition by selling far lower than others.
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There are different pricing strategy, when a firm pursues a predatory pricing strategy it does so to maximize profits in the long run.
What is predatory pricing strategy?Pricing strategy are use by business to get or attract customers.
There are various strategy to uses depending on the goods or services to render and the survey outcome that has been carried out prior to business execution.
Therefore, When a firm pursues a predatory pricing strategy it does so to maximize profits in the long run.
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points and freind requsts
Answers
Answer:
Thank you so much for points I will be your friend............
In which workplace are workers least likely to be injured by heavy equipment? a greenhouse a slaughterhouse a farm a quarry
Answers
Answer:
A green house
Explanation:
a slaughterhouse a farm a quarry
use heavy equipment and even tho they have more safety then a green house you could still even die on the job where in a green house the most you could get a a cut from a knife or something.
Please correct me if I'm wrong LOL
Is Relative value when two absolute values are compared one to another?
Answers
Relative value is the opposite of absolute value. while absolute cost examines the cost of an asset or organisation with out evaluating it to any others, relative fee is primarily based on the value of similar assets or businesses.
Relative value is a technique of determining an asset's worth that takes into account the value of similar belongings. that is in contrast with absolute price, which seems most effective at an asset's intrinsic value and does not evaluate it to other assets. Absolute change refers to the easy difference inside the indicator over two intervals in time, i.e. Relative change expresses the absolute exchange as a percentage of the price of the indicator in the earlier length. A relative maximum or minimum happens at turning factors at the curve wherein because the absolute minimal and most are the proper values over the entire area of the function. In different words the absolute minimum and most are bounded by means of the area of the function.
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ETHICS Should employers check credit reports as part of the hiring process? Each year retailers lose $30 billion a year from employee theft and $55 million because of workplace violence. Those who commit fraud are often living above their means but there is no evidence that workers with poor credit reports are more likely to be violent, steal from their employers, or quit their jobs. And refusing to hire someone with a low credit score creates a sad catch-22: People have poor credit records because they are unemployed and because they have poor credit records they continue to be unemployed. What is the right thing for an employer to do?
Answers
Ethics determine what is right and wrong based on a set of moral principles and values. In today's world, many employers request credit reports as part of their hiring process. However, the ethical issue with this is that the poor credit report should not determine if someone gets hired or not.
The following are points to consider when discussing whether employers should check credit reports as part of the hiring process:
Ethical Issues:
Checking the credit report of a potential employee is unethical. The poor credit report should not determine whether or not someone gets the job. Although a credit report may provide some insight into a candidate's financial behavior, it does not say much about their work ethic or job skills.
Legal Issues:
According to the Fair Credit Reporting Act, employers must have written permission from the candidate to access their credit report. Furthermore, employers must notify the candidate if they decide not to hire them based on their credit report and provide them with a copy of the report.
Risk Assessment:
Employers argue that checking credit reports aids in the assessment of risk in hiring a candidate. However, research has shown that there is no correlation between poor credit reports and job performance. Therefore, this argument may be deemed invalid.
Practicality:
Some companies use credit reports to help them identify candidates who may be at risk of fraud or theft. Unfortunately, this approach may also eliminate qualified candidates, as poor credit scores do not always indicate financial irresponsibility.
It's not ethical for employers to check credit reports as part of the hiring process. There are no proven correlations between poor credit reports and job performance, and poor credit scores may be the result of joblessness, thereby creating a catch-22 situation. Employers should rely on the interview process to assess candidates based on their skills, experience, and work ethic.
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what kind of technology refers as local technology or indigenous technology ?
Answers
Answer:
Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.
Answer:
Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.
Explanation:
____ is the measure of how long a product last
Answers
Answer:
This can be a varied answer, what are the options?
Explanation:
Answer: Consumability
Explanation:
Why is social service a more respectable job?
Answers
Answer:
they provide public services
Explanation:
Purchasing & Inventory Control Math Quiz
QUESTION 1 of 10: You begin the week with 30 units of orange juice. You purchase 50 units. Your ending inventory for the week is 30 units.
How many units did you sell?
0000
a) 5
b) 15
c) 49
d) 50
Answers
Towards the end, 50 units had been sold.(option d)
How would you define inventory?The items and supplies that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory or stock. The main focus of inventory management is determining the location and shape of stocked commodities. All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory. Example: Only the paper will be regarded as inventory if a paper vendor utilizes a vehicle to distribute newspapers to clients. The car will be considered an asset.
Inventory sold = 30 + 50 - 30 = 50.
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Steve Madison needs $250,000 in 10 years. How much must he invest at the end of each year, at 5% interest, to meet his needs?
Answers
To determine how much Steve Madison must invest at the end of each year to reach his goal of $250,000 in 10 years at a 5% interest rate, we can use the concept of annuities. An annuity is a series of equal payments made at regular intervals.
To calculate the amount, we can use the formula for the future value of an ordinary annuity: FV = P * [(1 + r)^n - 1] / Where FV is the future value, P is the payment amount, r is the interest rate, and n is the number of periods. In this case, FV is $250,000, r is 5% (0.05), and n is 10.
We need to solve for P. 250,000 = P * [(1 + 0.05)^10 - 1] / 0.05 Simplifying the equation gives us: 250,000 = P * (1.6288946) Dividing both sides by 1.6288946: P = 250,000 / 1.6288946 P ≈ 153,509.07 Therefore, Steve Madison must invest approximately $153,509.07 at the end of each year for 10 years at a 5% interest rate to meet his financial goal.
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how to get over your crush that youve had for like forever (2 years lol)
Answers
Answer:
Weed
Explanation:
Answer:
dont think abt him/her
get a new hobby or try something new to get ur mind off that person
Hope this helps!!
Many of your friends and family have pet dogs and cats. Each summer you enjoy looking after the pets, for example, taking dogs for walks and feeding them. As you care for the animals so well, one of your friends has suggested that you should start a ‘pet-care’ business for pet owners within a three mile radius of your home. You plan to look after their pet while they are on holiday.
You decide first to carry out some market research.
(a) Identify two purposes of market research. (2) set your answer like below
Answers
Answer:
the action or activity of gathering information about consumers' needs and preferences
-place
-target market
-feasibilty study
Explanation:
Place- allow you to gain attraction and attention from public
Target market-. Field of your business is it realible who would be your costumer and clients
what challenges might people living in a county or state with a high concentration of subprime scores be facing as a result of the low credit scores?
Answers
The challenges people living in a county or state with a high concentration of subprime scores might be facing as a result of the low credit scores are:
I. Poverty.
II. Famine and hunger.
III. Low level of healthcare.
A credit score can be defined as a numerical expression ranging 300 to 850, which typically represents an individual's financial history and credit worthiness.
This ultimately implies that, the higher your credit score, the higher and better it is to obtain a credit (money) from a potential lender and vice-versa.
In the U.S, the ratings of a credit score by FICO include the following;
A credit score ranging from 670 to 739 is considered to be a good credit score.A credit score of 740 to 799 is better.A credit score of 800 to 850 is considered to be excellent.In this context, the challenges people living in a county or state with a high concentration of subprime scores might be facing as a result of the low credit scores are:
I. Poverty.
II. Famine and hunger.
III. Low level of healthcare.
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if a firm's total fixed cost is $400,000 and its fixed-cost contribution per unit is $10, its break-even in units is
Answers
If a firm's total fixed cost is $400,000 and its fixed-cost contribution per unit is $10, its break-even in units is The break -even units will decrease.
=$450,000 -$400,000= $50,000
=$50,000/ $400,000 x 100 = 12.5 %
What is break even point?In economics, business, and particularly cost accounting, the break-even point is the point at which total cost and total income are equal, or "even." Although opportunity costs have been paid and capital has received the risk-adjusted, projected return, there is no net loss or gain, and one has "broken even."
The break-even threshold is reached when overall costs and total revenues are equal, leaving your small firm with no net benefit or loss. In other words, you've achieved the point in production where the revenue from a product equals the cost of manufacture.
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Nerida Kyle is thinking of buying a car to avoid taking Lyft to work. She is using the cost-benefit principle to evaluate this decision and is calculating the costs and benefits to owning the car over the next year. She's gathered the following information to help her make her decision: • The car costs $15,000 to purchase, but she can resell it after a year of use for $13,500. • She thinks gas will cost her about $1.200 for the year. • The annual insurance premium for her car is $800. • Maintenance and repairs will cost about $300 for the year. • Using Lyft to get to work would cost her $4,000 for the year. The cost of the car for the year is: O $4,000 $1,500. $3,800. $7,800
Answers
The cost of the car for the year is $7,800. To calculate the cost of the car for the year, Nerida needs to add up all the costs she will incur over the course of the year, including the purchase price, gas, insurance, maintenance and repairs.
Purchase price: $15,000
Gas: $1,200
Insurance: $800
Maintenance and repairs: $300
So, the total cost of the car for the year is $15,000 + $1,200 + $800 + $300 = $17,300.
However, she can resell the car after a year of use for $13,500, so the cost of the car for the year is $17,300 - $13,500 = $3,800.
This cost will be compared to the cost of using Lyft to get to work, which is $4,000, to determine if buying a car is the better option.
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If an economist wishes to determine whether there is evidence that mean family income in a community exceeds $50,000, a. either a one-tail or two-tail test could be used with equivalent results. b. a one-tail test should be utilized. c. a two-tail test should be utilized. d. None of the above.
Answers
Answer:
b. a one-tail test should be utilized.
Explanation:
It can be said that the best way for the economist to make this determination would be to use a one-tail test. This is a statistical test in which the critical area of a distribution is one-sided, making it either exceed or fall short of a certain value, but not both as seen in the graph below. Which in this case, the certain value would be $50,000 and the information will be on either side. Thus showing the economist if the mean family income truly exceeds the $50,000
PLS HELPPPP FASTTTT!!!!!! Kevin has a utility function U=W^1/2, where W is his wealth in millions of dollars and U is the utility he obtains from that wealth. In the final stage of a game show, the host offers Kevin a choice between (A) $9 million for sure, or (B) a gamble that pays $1 million with probability 0.4 and $16 million with probability 0.6.
Use the blue curve (circle points) to graph Kevin's utility function at wealth levels of $0, $1 million, $4 million, $9 million, and $16 million.
1. True or False: Kevin is risk averse.
2. Choice (A/B) offers Kevin a higher expected prize. (Hint: The expected value of a random variable is the weighted average of the possible outcomes, where the probabilities are the weights.)
3. Choice (A/B) offers Kevin a higher expected utility.
4. Kevin should pick choice (A/B) .
Answers
write the use of hydraulic press
Answers
Answer:
Hydraulic presses are used for ;
ForgingClinchingMouldingBlankingPunchingDeep drawing Metal forming operations. Creating more intricate shapes Can be economical with materials.Explanation:
F/T non-financial outcomes and measures are considered intermediate or precursor measures that lead up to the ultimate measure of financial returns.
Answers
Non-financial outcomes and measures are considered intermediate or precursor measures that lead up to the ultimate measure of financial returns. TRUE
What is a Non-financial measurement?Non-financial measurements are quantitative metrics that cannot be stated in monetary units. Popular financial measurement include earnings, profit margin, average order value, and return on assets.
Non-financial performance measurement are metrics that showcase performance details in non-monetary formats, such as market share, customer satisfaction, innovation/new product development and employee turnover.
Therefore, the correct answer is as given above.
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A logistics company has hired you as a consultant for their SCM
implementation. Explain in detail the flow of the supply to the
stakeholders. (800 words)
Answers
The flow of supply involves the movement of goods and information from suppliers to stakeholders, ensuring timely delivery and meeting customer demands.
In a supply chain, the flow of supply refers to the process of managing the movement of goods and information from suppliers to stakeholders, including manufacturers, distributors, retailers, and end customers. It involves several key steps: Supplier Selection: Identifying and selecting reliable suppliers who can provide the required materials or products. Procurement: Purchasing the necessary materials or products from suppliers, which involves negotiating contracts, placing orders, and coordinating deliveries. Production: Transforming raw materials into finished goods through manufacturing or assembly processes.
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The fact that a bank's assets tend to be long-term while its liabilities are short-term creates:
a. interest-rate risk.
b. credit risk.
c. lower risk for the bank, this is why they follow this strategy.
d. trading risk.
Answers
a. interest-rate risk. Bank's assets tend to be long-term while its liabilities are short-term creates.
What is assets?Assets are tangible or intangible resources that a person or business owns. Assets can be short-term or long-term investments and can be used to generate income or increase value. Examples of assets include cash, real estate, investments, inventory, equipment, vehicles, and intellectual property. They can be classified as current assets or non-current assets depending on their expected lifespan. Current assets are those that are expected to be realized within one year, while non-current assets are those that are expected to be owned for more than one year. Assets are important for businesses because they are used to generate revenue, pay expenses, and increase shareholder value. Additionally, assets provide liquidity, which allows businesses to generate cash flow and make investments.
Therefore the correct answer is A.
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2) Communication addressed tothe debtor requesting him or herto confirm whether the balance asstated on the communication iscorrect or incorrect is a:A) representation letter.B) negative confirmation.C) bank confirmation.D) positive confirmation.
Answers
Communication addressed to the debtor requesting him or her to confirm whether the balance as stated on the communication is correct or incorrect is a positive confirmation. The confirmation process is a step in auditing procedures.
In the process of confirming balances, auditors get the evidence about the balances of the client from the third party. The confirmation can be negative or positive. Positive confirmation is when the auditor mails a statement to the client's customer requesting them to reply directly to the auditor and indicate if they agree or disagree with the customer's balance that is given by the client.The auditor typically sends out positive confirmations to bank personnel, customers, and vendors to authenticate the information presented in the financial statements. Positive confirmations are the most effective way of obtaining relevant and reliable external verification. When the auditor sends out positive confirmations, they are looking for a response that matches the client's books and records or notifies the auditor that the amount is incorrect.
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In personal finance, one makes decisions based on needs vs. wants. What is considered a need?
something one would like to have
something ones does not budget for
something one can afford
something one cannot live without
Answers
Answer:
D. something one cannot live without
Explanation:
In personal finance, one makes decisions based on needs vs. wants. Something one cannot live without is considered a need. The correct option is d.
What is personal finance?Personal finance is a term that covers managing your money as well as saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, retirement, tax, and estate planning. The term often refers to the entire industry that provides financial services to individuals and households and advises them about financial and investment opportunities.
Individual goals and desires and a plan to fulfil those needs within your financial constraints also impact how you approach the above items. To make the most of your income and savings, it’s essential to become financially savvy it will help you distinguish between good and bad advice and make intelligent financial decisions. Personal finance is about meeting your personal financial goals.
The five areas of personal finance are income, saving, spending, investing, and protection.
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The Gallup Organization contacts 1595 male university graduates who have a white collar
job and asks whether or not they had received a raise at work during the past 4 months
Determine the sample
the 595 male university eraduates who have received mise at work.
Male university graduates who have a white collar job
The 1595 male university eraduates who have a white collar iob
Answers
Sample contains the 1595 male university eraduates who have a white collar job. Hence, option C is the correct answer.
What is the population?The set of all people, items, or objects that are required for a specific study is defined as the population.
Given that
Population size be N
And the gallup organization contains 1595 male University graduate who have a white collar job and ask whether or not they have received a rise at work during the past four months.
Here sample size is N = 1595
And random variable of interest is white collar job.
It is heavy for researchers to inspect each discrete in the population. Hence, a smaller group of sole (subjects) are selected from the population of interest. Therefore, the group of sole taken from the population of interest is known as the sample.
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Travis has an athletic shoe store and is currently preparing a market summary. To be most effective, the competition section of his market summary should
Answers
Based on the provided information For Travis to be most effective, the competition section of his market summary that he should do is to list both direct and indirect competitors.
What is market summary all about?The concept about market summary lets to know about stock market and how buyers and sellers negotiate prices.
Therefore, Travis list both direct and indirect competitors when making summary.
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Adnan, the director of human resources, receives e-mails on a regular basis from employees seeking information about their pay and benefits packages. Because Adnan receives so many of these e-mails, he quickly e-mails the employees back to let them know he has received the e-mail and that he will respond to them within a few weeks once he has gathered the appropriate materials. Adnan is most likely a ______ decision maker.
Answers
Answer:
Poor / Hesitant
Explanation:
We can infer that Adnan does not want to answer the tremendous number of emails received every day, so they move it to next week to answer. This is not a good decision because the emails will just keep piling up without being properly taken care of. A smart decision would be to answer the emails regularly and to not hesitate about the amount received.