Question: 4. a. Differentiate between functional and pure project. b. How does a project manager can minimize the cost of the project effectively? What is strategic

4. a. Differentiate between functional and pure

4. a. Differentiate between functional and pure project. b. How does a project manager can minimize the cost of the project effectively? What is strategic fit? Assess and analyze the actual and potential risks of the project and draw the probable risk management plan of it. 2.5 4 6 c. 5. a. What is demand forecasting error? 2.5 b. Make some distinctions between judgment method and casual linear regression 4 method of demand forecasting. c. Explain several options of demand management that an operations manager can incorporate before finalizing production plan. 6 2.5 5 6. a. When an organization needs anticipation inventory? b. What are the independent and dependent demand items for the inventory management? Discuss several operational inventories with appropriate examples. c. 10 Page 3 of 3

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