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Scope Risk and Project Management - Essay Example

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Summary
From the paper "Scope Risk and Project Management " it is quite lear that generally speaking, according to the article published by Project Management Institute,’ trends in scope’ is fundamentally described as ongoing global changes in organizations…
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Scope Risk and Project Management
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Extract of sample "Scope Risk and Project Management"

About the article, the basic trends that assist customer service growth are making a shift in the global market and moving toward innovation. The move towards innovation is necessary as it can be stated that innovation is more important than acquiring the name of the best company in the world. The other trend i.e. making a shift in the global market is necessary as it is regarded as one of the fundamental needs of organizations in attracting huge customers along with increasing sales (Project Management Institute, 2012).

Question 2
The successful completion of a project requires the involvement of clients and their conduct of activities efficiently. In this case, if there lays the involvement of several members, can create hindrances to the success of the project. To complete projects in a timely fashion by balancing the needs, initially, proper planning of the project would be made along with determining the actual number of members to be included in the project team. Then, proper allocation of tasks relating to the project must be provided to the actual number of members to fulfill the need to freeze the project scope in a timely fashion (Global Knowledge Training LLC, 2013).

Question 3

In the context of slower economic growth, one of the viable and valid trends that would emerge is the changing economic conditions of the global market. This fact can be supported by the happening of global recessions in the previous few years. Similarly, in the background of shifting global markets, a viable and valid trend of improving the sales target for the future rather than focusing on developing the existing position in the business market would emerge (Project Management Institute, 2012).

Critique

Based on the above discussion, it can be affirmed that a few of the factors such as innovation, a shift in the global market,t and economic growth are the elements that bring considerable changes in the operations of business organizations and identification of various opportunities. As per my understanding, it can be affirmed that scope management can be explained as a method through which the required tasks are assessed and utilized properly for the successful completion of the project. Hence, in this scenario, it can be argued that certain critical factors such as slower economic growth, innovations and shift in global market trends are much vital to consider. This can be owing to the reason that these aspects provide information about the ongoing trends pertaining to the business markets and also the ways of performing business to earn maximum profit. Read More
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