As a Project Manager you must prepared for different situations through proper estimation and resource allocation. For managing cost, you need an accurate estimation. Does managing risk serves the purpose or you need to consider other factors as well.
Comment on the statement stated above. You are required to give precise answer in 4 to 8 lines.
Plz discuss ur views. thanx
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mara personally khyal ha k wo poch ray ha ap batye proper estimatipn resourece and cost ka...
very confusing question
Samajh nahi i kia pocha hy sir ny?
Your perception is right.
i think he is talk about to discribe all points or duties a project manager perform as
may the answer more or less is
A project manager has to deliver the performance with better success rates.
♣ He is responsible for keeping in touch with the clients who have assigned the project to his company and make them aware of the status of the work finished.
♣ He should be able to lead his team and bring out the best in them.
♣ A project manager is also responsible for developing a good dialog and communication with the team members to create a healthy work environment.
♣ It is his responsibility to perform efficiently and honestly.
♣ By the virtue of being a manager, he has to maintain confidentiality.
♣ He is responsible for establishing easy communication between the employees and the higher authority.
♣ In case of emergency, he should be able to solve problems for his team members.
♣ He is responsible for good team building, which is defined by success.
♣ He is responsible for accomplishing project objectives and the outcome (success or failure) of the project.
There could be two concepts in my mind. Please help to clear it
1. Estimation for managing risk is one factor. There are many other factor to manage risk.
In short those factors to manage risk are natural disaster, technological problems, developers error, Poor objectives etc.
2. These point are included in Estimation? Such as:
To manage costs for software projects, you need an accurate estimation of costs. To do that, there is a
sequence of steps that you need to perform.
• Identify the resources required for the project
• Estimate the cost of each activity
• Set cost baselines for each activity
• Implement a control system for cost changes
Please reply if someone have clear concepts about it?
is main ya kaha gaya ha k btao cost estimation main risk factor kaya hain jo project ki rah main hayal hota hian