It's true at first glance, that project managers perform the same functions as other managers. that is, they plan, schedule, motivate and control.
At first glance, project managers perform the same functions as any other manager. So they plan, schedule, motivate and control. Due to the downsizing of the company, a significant part of the project work was outsourced to other organizations.
Therefore, the role of the project manager is continuous, whereas the role of the Project Manager is temporary with respect to a particular project. Other key differences between the two positions focus on the specific responsibilities, skills, and training required to be successful.
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Risk mitigation involves reducing the impact of a risk event by reducing the probability of its occurrence. To mitigate means to make something less bad or less severe so in this case if a risk turned out to be a negative reality, risk mitigation should be a part that you've already planned so you could easily solve it and move on with the project.
Zero economic profit, in simple terms means break even point. It is a situation or point where total revenue of a company must be equal to total cost. This can be represented as:
Total revenue-Total cost = 0
In this case, Mary's accounting profits need to be $175,000 so that she can attain zero economic profit.
Explanation: Investment made to business = $1 million which if Mary would have invested in risk-free bond, then she would have earned $100,000 per year. So, $100,000 is a cost.
Also, she left job(to devote time to business) from which she was earning $75,000 per year as salary. But as she left the job, this amount is also gone.
So, this is also a cost for her.
Now,
Total cost = $100,000 + $75,000 = $175,000
To attain zero economic profit Mary' accounting profit should be $175,000.
Increased presence of visitor spending
I hope that helped