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The client in these contracts has no long term liabilities to the independent project manager who can be dispensed with if he/she fails to meet the terms of the contract. Moreover, the independent project manager can be compensated using a variety of payment mechanisms, the details of which have been presented in the report.
Dobson (2004) and Frame (2002) believe that one of the most basic rules of project management is to focus on the triple constraints which are Scope, Time, and Cost. Any relaxation in any of these results in a snowball effect on the scope, late and over-budget project delivery, resulting in unsuccessful categorization of the project.
An independent project manager gets to have an impartial view of the situation without any preconceived notions and biased relationships (Walker, 2002, p. 10). Moreover, it is difficult to influence an independent project manager through the existing negotiation power that may rest with the other parties involved.
An independent project manager provides a critical analysis of the scope of the project without any conflicts of interest. Scope setting by the owner of the project often results in over-commitment whereas if done by the contractors often results in under-commitment. An independent view on the other hand provides a more balanced assessment of the situation.
According to Ibbs and Kwak (2000), and Peter Morris (1999) procurement is an important component of project management. An independent project manager is largely unaffected by the balance of power in existing vendor relationships. Moreover, he can make unbiased decisions for the good of the project without the burden of existing relationships hanging over him. An independent project manager brings in a fresh perspective, a broad list of vendor options and experience of dealing with them, and best practices from the industry regarding contractual relationships. He will also be
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The acceptance must be according to the proposal without any modification or conditions attached to it. And, if the offer is returned with a counter-proposal which the proponent rejects, is the proponent bound by the original terms and conditions should the other party accept the offer later based on the original offer?
Question One Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 ?000 ?000 ?000 ?000 ?000 ?000 Plant and Equipment Sales revenue (600) 450 470 470 470 0 470 Less Costs Materials – 126 132 132 132 132 Labour – 90 94 94 94 94 Overheads – 30 30 30 30 30 Depreciation – 120 120 120 120 120 Working capital (180) – – – – – Interest on working capital – 27 27 27 27 27 Write-off of development costs – 30 30 30 – Total costs (780) 423 433 433 403 403 Operating profit/(loss) Add: Depreciation Net cash flows (780) 27 120 147 37 120 157 37 120 157 67 120 187 67 120 187 Note: The assistant did not include the initial cost of the new equipment in the year zero which amounted t
It will help the deliverer of the message to know whether the information has reached right quarters and what steps have been initiated in response to the email. One email identity on a common email server
know how to successfully design such a business or company, one needs to familiarize him or herself with it- determine their key demographic group, their needs and their wants, and what they will pay for.
Several goals and objectives are pertinent in order for this project to
for non-commercial or commercial reasons that necessitate traveling away from home and work locality.Sport tourism can be classified in to three main categories. The first category is nostalgia sport tourism. In this category, people visit museums and halls
r the concept of retention of goods, the buyer is only allowed to take delivery of goods and thus to gain their possession, while the ownership of the goods still remain with the supplier, who can repossess the goods from the buyer if the buyer fails to pay for the goods in