Resource 11. TRAINING MODULE IN PROJECT MANAGEMENT (Created by the Institute for Development Management‚ Botswana for the NGO Institute‚ STF. (Some materials in this module have been extracted from “A Guide to Project Management Body of Knowledge‚ 3rd. edition‚ 2004) What is a project? “A temporary endeavor undertaken to create a unique product or service.” The Three P’s [pic] Working definition of project management Project management is the application of knowledge
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Project Quality Management 1- What are project life cycle phases? Write a short note on each of the six phases. 8-16 1- Initiation Phase * Define the need * Return on Investment Analysis * Make or Buy Decision * Budget Development 2- Definition Phase * Determine goals‚ scope and project constraints * Identify members and their roles * Define communication channels‚ methods‚ frequency and content * Risk management planning 3-
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systematic risk of the volatility of an asset relative to the market volatility. J.Choi & M.Richardson (n.d) stated that the asset volatility is time-varying and that financial leverage matters and has a large influence on equity volatility. Besides that‚ the systematic risk is defined as the probability that the financial system as a whole might become unstable‚ rather that the health of individual market participants (E.V.Murphy‚ 2012). Sometimes‚ systematic risk is called as market risk. According
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The Importance of Project Risk Management Risks are events that have the potential to occur but may not. Risk management is an integral process in the field of project management that focuses on minimizing threats or negative events‚ maximizing opportunities‚ and managing them proactively in order to bring the project to a successful conclusion. It is a core duty of the project manager and it is important that a risk management plan be put in place for each project. It should be noted
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APPENDIX I PPP VGF IIFCL TA IIPDF O&M MCA NPV GHIAL MAHB GoI GoAP GoR AAI ICAO IRA NHAI SPV CA MCA SPCD LOA COD MOU - Public Private Partnership -Viability Gap Funding -Indian Infrastructure Finance Limited -Transaction Advisers -Indian Infrastructure Project Development Fund -Operation and Maintenance -Model Concession Agreement - Net Present Value - GMR-Hyderabad International Airport Ltd. - Malaysia Airports Holding Berhad - Government of India - Government of Andhra Pradesh - Government of Rajasthan
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Finally‚ the structure of the dissertation is outlined. 1.1 Background 1.1.1 Definition of risk Definition of risk is a state of uncertainty where some possible outcomes have an undesired effect or significant loss. Uncertainly is meaning that the lack of certainly due to limited knowledge that it is impossible to state the outcome exactly‚ perhaps‚ more than one possible outcome happens. Risk concerns the deviation of one or more results of one or more future events from their expected
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ECH 5503: DESIGN FOR SAFE HANDLING OF INDUSTRIAL CHEMICALS INHERENT SAFER DESIGN: BHOPAL DISASTER CASE STUDY INHERENT SAFER DESIGN Inherently safer design (ISD) evaluation are important for identifying fundamental process improvements that can eliminate hazards or reduce the consequences of plant accidents. They are typically performed at the earliest stages of process design‚ where changes are most cost-effective. As the detailed design comes into focus
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2010 Project Techniques and Risk Management A practical and effective approach Eng. Hayder Issa Engineering Contracts Management Engineering Arbitration Rule in Solving Disputes Post Graduate Certificate in Project Management - UK Project Techniques and Risk Management A practical and effective approach Managing business risk means managing the protection of your employees‚ customers‚ property‚ information and the environment. Risk management is attempting to identify
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Risk Assessment Risk Assessment Functions | Risk Assessment Process | The Probability-Impact Matrix | Risk Categorization | Risk Owners |Completing the Assessment | Summary This week‚ we will look at the concept of risk assessment. Risk assessment is the process of analyzing project risks to quantify probabilities and to measure their impact on the project. Once we have measured risks‚ the process of assigning them to risk owners and preparing a plan on how to deal with them can begin. Our goal
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What is Risk Taking? What is risk taking. Risk concerns the deviation of one or more results of one or more future events from their expected value. Risk taking can have many definitions but in my opinion risk taking is doing something that is out of the ordinary‚ something that you don’t feel comfortable doing. Risk taking could be different for many people‚ what I see as taking a risk could be something normal for someone else. To me trying to wrestle an alligator is taking a risk but to people
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