Below are the requirements.We do NOT need the Abstract, Introduction, or Conclusion sections. So do not include that in the solution. 1. Characterize the relationship between budgeting and risk analysis. 2. Discuss the value of the data provided by a specific benchmark, and how the processes used by the benchmark company or organization can benefit you. 3. Earned Value Management uses dollars to manage schedule performance. How is this possible? 4. Describe the responsibilities of the project manager in the ongoing maintenance of the project schedule. 5. How does a project manager know how much his or her project schedule can be compressed? 6. Compressing a schedule requires additional costs as well as taking on additional risks. If the schedule could be compressed by adding cost and risks, why wouldn’t the project have been originally approved with the additional cost and higher risk profile? Who would decide this?
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