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in electronic components distribution industry. However, in recent years, the Internet has transformed the competitive landscape. As a result company's market share has been eroding. Hence, your current project involves implementing the company's internet strategies to best exploit these altered dynamics and increase the company's market share. You are in the project planning process, and are personally estimating the time needed for each activity. Once you've created the overall project estimate. You commit to completing the project deliverables to this date. Which of the following BEST explains why this is the INCORRECT way to estimate the schedule? A. The estimates should have been created by management B. The project sponsor should have been actively involved in producing the estimates C. The estimates should have come form the project team members D. The estimate should have accounted for the market dynamics and timing requirements
C. The estimates should have come form the project team members
The estimates should have come form the project team members .
The estimate should have accounted for the market dynamics and timing requirements
Yes, the estimates are from the project team members
A project has distinctive attributes that distinguish it from ongoing work or business operations. Projects are temporary in nature. They are not an everyday
The correct procedure should be a combination of the Project team members making the estimates however closely supervised by Management.
yes marketing activities and new product development
D + C due to market changes, they need to activly review the market dynamics and apply changes accordingly.
As the project manager at a leading electronic components manufacturer, the focus is on maintaining and strengthening the market leader position. Key strategies include continuous innovation through R&D, understanding customer needs through market research, engaging customers for feedback and loyalty, ensuring high-quality standards, optimizing the supply chain, analyzing competitors, investing in talent development, adopting sustainable practices, exploring new markets, and having a clear long-term vision. By executing these strategies, the company aims to sustain growth, stay ahead of the competition, and deliver value to customers.
D. The estimate should have accounted for the market dynamics and timing requirements
In Order of Prioritization:
C. The estimates should have come form the project team members
D. The estimate should have accounted for the market dynamics and timing requirements
B. The project sponsor should have been actively involved in producing the estimates
MANAGEMENT SHOULD COME IN PICTURE at Point No A to keep the Companys Mission and Vision aligned
It is a combination of the estimates coming from the project team members and the consideration of the market dynamics and timing requirements.
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