When talking about capital projects, there is a term that you often hear - "scope creep". What does this term mean and how can it be prevented? Explain.
Scope creep term means any changes, continuous and uncontrolled growth in scope of project at any point after project begins. Scope creep is generally harmful because company may face scope creep when the scope of any project is not properly defined, documented and controlled. Which means if the scope of project is not properly identified, managed, poorly communicated between parties involved may result into Scope creep and which may affect operational efficiency of company.
To manage the scope creep, first need to understand the caused of scope creep like-
To manage the scope creep following actions are required-
When talking about capital projects, there is a term that you often hear - "scope creep". What does this term...
1. What is Scope creep? Give at least one example from your experience and/or from a article that you have read 2. Why is scope creep bad? How does it impact a project? 3. What are the causes of scope creep 4. Discuss how you can avoid scope creep.
What suggestions do you have for preventing scope creep in projects? 300 word justification,please and thank you.
(1) What is scope creep? (Note: The textbook seems to have a partial definition, leaving out some factors. So while you may wish to start with the textbook, don't end there. Do a little research on the Internet or in a library, for instance, to see what factors are involved. Then give a better definition of Scope Creep in your own words (but also properly citing any references you used).) (2) Is scope creep inevitable? That is, is it normal? Will...
Given what is learned about intersectionality, what does it mean to be self-reflexive when talking about feminist and queer issues, cultural identities, and power?
Review the T accounts presented in Chapter 3. 1. What do you think of when you hear the word debit? What do you think of when you hear the word credit? 2. What does our textbook say about debits and credits? 3. How would you describe the left and right side of each type of Balance Sheet Account and Income Statement Account? 4. Our eBook describes how to calculate an account balance. Can you describe this process for the Cash account in your own...
People are often talking about the "SALT" deduction. What do they mean and what is the current issue?
We often hear a narrative about the origins of domestication and the development of cities as one of continual progress. How does James Scott’s Against the Grain complicate this story? What does he mean by “the Domus Complex” and how does he describe the agro-ecology of early states? What is the relationship between states and non-state peoples?
A Well-Meaning Grandmother You hear some coworkers talking about a woman who is the caregiver for her young granddaughter. The granddaughter had an ear infection and was prescribed a liquid oral antibiotic. Later that day the grandmother called the clinic. She wanted to know what she should do about the extra medicine that wouldn’t stay in her daughter’s ear after she poured the dose in. Your coworkers are laughing about this, presumably at the grandmother’s lack of knowledge. Critical Thinking...
when it comes to lending we often hear about the front end and back end ratio that lenders use for primary homes. However, the rule is not as clear in the investment space. With that said what do you think is the optimal debt level? 15%, 25%, or maybe 30%? Additionally, do you think that once equity builds up and the leverage reduces that we should re-finance to buy more so that we maintain our preferred debt level?
26. "Correlation does not equal causation" is a phrase we hear often in the media and in various college classes a) Why is this true? Why can't I just run a correlation, find a significant result, and assume a causal relationship between the variables I measured? b) If I find a significant correlation between X and Y, what can I do to establish a causal inference? Let's say I find that student GPA is significantly correlated with the amount of...