Benefits of a project baseline There are three main benefits of having an approved project baseline: Improved estimates: The ability to measure your actual cost, schedule, or scope against a baseline can help provide insight into where a project has under- Read More …
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What problems can result as a result of not having a project baseline
Problems caused not having a project baseline There are at least six possible problems that may occur when a strong project baseline is absent: Inadequate resourcing: If you don’t have a planned schedule, you may not know which resources you Read More …
What are the different ways in which a project may be terminated
Different ways to terminate a project There are four fundamentally different ways to terminate a project Termination extinction. The project may be stopped because it has been either successful, or unsuccessful. Examples of successful projects include the launch of Read More …
Wangeci has just discovered how to grow a “Mega Rose Flower” from grafting three totally unrelated plants. Discuss the process of ensuring her new discovery remains unpirated, stating the institutions in your country she has to work with.
Process of ensuring her new discovery remains unpirated and the institutions to work with in Kenya. The steps for registration of copyright are as follows: Access the online copyright registration portal via KECOBO website i.e. www.copyright.go.ke then select ‘e-copyright Registration’ Read More …
“The nature of strategic management differs according to the type of organizations.” Discuss this statement with respect to the following types of organizations: (a) Public sector organizations. (10 marks) (b) Non-profit organizations. (10 marks)
Although the elements of strategic management are broadly the same irrespective of the type of organization or its context, the range and nature of strategic issues does to some extent differ according to the organization type and its context. In Read More …
Effective allocation of the resources of the organization is essential for strategy implementation. Discuss (10 marks)
Effective allocation of resources of the organization is essential for strategy implementation. Without resources, an organization cannot achieve its objectives. Resource allocation is therefore a central management activity that allows for strategy execution. Strategic management enables resources to be allocated Read More …
What criteria can an organization use for allocating resources to different departments? (10 marks)
Criteria that an organization can use for allocating resources to different departments: i. The role played the individual company departments in realizing corporate objectives, especially the long-term objectives: Those departments whose contributions to company annual objectives/strategic objectives are immediate Read More …
Compare corporate strategies with marketing strategies for an organisation. (10 marks)
Corporate strategies Vs Marketing strategies for an organization: The question is focusing on the difference between corporate and operating strategies. Corporate strategies Corporate strategy defines the business the company is to compete in with the other organizations. Corporate strategies are Read More …
A well established organisation wishes to carry out an analysis of its strengths, weaknesses, opportunities and threats (SWOT).The task has been assigned to you. Explain the procedure you would follow in carrying out the task. (10 marks)
SWOT ANALYSIS The overall evaluation of a company’s strengths, weaknesses, opportunities, and threats is called SWOT Analysis. External environmental analysis (opportunity and threat analysis) In general, a business unit has to monitor key macro environment forces (demographic-economic, technological, political-legal, and Read More …
In developing strategic plans for the future, it is important for a company to assess both its current and past performance. Outline and discuss the following approaches in assessing the organizational performance. a) The historical analysis of performance in comparison with the organization’s performance. (6 marks) b) The analysis of industry norms in comparison with the relative performance of organizations in the same industry. (7 marks) c) The analysis of the organization’s performance in comparison with the best performance through benchmarking. (7 marks)
a) The historical analysis of performance in comparison with the organizations current and past performance In financial analysis, the direction of changes over a period of years is of crucial importance. Time series on trend analysis of ratios indicate the Read More …