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Citrus2011 [14]
3 years ago
14

The one thing that can help establish your right to lead the project more than anything else is

Business
2 answers:
s2008m [1.1K]3 years ago
7 0

To establish your right to lead the project more than anything else, you need to know these triple constraints (scope, budget, and schedule). You have to remember and apply these three things to lead the successful project.  

 

EXPLANATION  

You have to know how the scope of your project. Next, you have to know how much the budget needed. Last but not least is having a timeframe. Thus, the project will run smoothly.  

Here are 3 tips for project management:

• Project management is an art

It’s an art because a successful Project Manager must combine its leadership skill, people management, and  people soft skills. There is no fixed formula, calculate the risk, reach the goals and place the right men in the right place at the right time.  

• Well understanding the project

Understand means you know what the case is, how much you need to spend money on it, think the model to finish it efficiently and set the timeline and schedule. As Project Manager, you have to ensure that your project is a realistic business case (reachable)  

• Creating a good relationship

It seems like you have to do a lot of things since your first day. Yet, to gain a successful project, Project Manager should ensure that what had planned runs in the right track (according to schedule, budget and its model).  

The last important thing is to have fun. Have fun and enjoy the process with your people.

LEARN MORE

If you’re interested in learning more about this topic, we recommend you to also take a look at the following questions:

• The type of leadership: brainly.com/question/4127203  

Keyword: project management, leadership, project plan

Subject: Business

Class: 10-12

Subchapter: Project Management

Anarel [89]3 years ago
4 0

Ability to balance the project budget

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Answer:

a. <u>GDP using product approach</u>

There are no intermediate goods inputs. Corn producer grows 30 million bushels of corn and each bushel of corn worth is $5.

GDP = 30 million * $5

GDP = $150 million

<u>GDP using expenditure approach</u>

i) Consumers buy 20 million bushels of corn

Consumption = 20 million * 5

Consumption (C) = $100 million

ii) Corn producer adds 5 million bushels to inventory

Investment = 5 million * $5

Investment (I) = $25 million

iii) Government buys 5 million bushels of corn  

Government spending = 5 million * $5

Government spending (G) = $25 million

GDP = C + I + G

GDP = $100 + $25 + $25  

GDP = $150 million

<u>GDP using income approach</u>

Profit income = $150 million - $60 million - $20 million

Profit income = $70 million

Government income = Taxes paid by the corn producer = $20 million

GDP = $60 million + $70 million + $20 million

GDP = $150 million

b. Private disposable income = GDP + Net factor payments + Government transfers + Interest on the government debt - Total taxes

Private disposable income = $150 million + 0 + $5 million + $10 million - $30 million

Private disposable income = $135 million

 

Private savings = Private disposable income - Consumption

Private savings = $135 million - $100 million

Private savings = $35 million

Government savings = Government tax income - Transfer payments - Interest on the government debt - Government spending

Government savings = $30 million - $5 million - $10 million - $5 million

Government savings = $10 million

National savings = Private savings + Government savings

National savings = $35 million + $10 million

National savings = $45 million

Government budget surplus = Government savings = $10 million

Government deficit = (-) $10 million

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Your investment banker has presented you with the following list of business characteristics of a small company your company is
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A

Explanation:

The list contains more weaknesses than strengths

The list of weaknesses are:

Excess manufacturing capacity relative to market; If you are producing more than you are selling then its a weakness

Large inventories; that dont sell its a weakness

Lack of management depth; means that management does not have a proper foundation

Management turnover; if you keep changing management it will affect the company as skilled workers will be leaving

The list of strengths are:

Cost advantages; cost advantage against your competitors is an added strength

Market leadership; having a large market share is equally an advantage

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Net income (in millions) $150 Shares outstanding (in millions) 300 Stock price $30.00 What is the price-earnings ratio (to the n
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60

Explanation:

price-earnings ratio = price / earnings per share

earnings per share = net income / shares outstanding = $150 / 300 = $0.50

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