Is the new picture any better? sorry I am unable to make the picture more clear
ID: 352972 • Letter: I
Question
Is the new picture any better? sorry
I am unable to make the picture more clear
Describe in detail your understanding about contingency in a project-purpose, importance, change in contingency at various levels of project feasibility, some statistical basis for calculation of contingency etc Assemble a project team for a moderate size greenfield mining project. You may answer using an organization chart but use your own understanding of the process and assume that the mine will sell Run Off Mine (ROM product and wllo hav a mineral processing plant.Explanation / Answer
Contingency is basically an event that is uncertain but can lead to significant problems , costs if happened. and which if not planned can lead to a huge loss.
It is therefore important to plan for contingencies. Sometimes known as Plan B or an alternate plan so that even when things go out of hand we have somewhat control and understanding of the system and there is no chaos.
Planning for contingency involves taking budget approvals beforehand, using additional safety equipments , trainings etc.
Sometimes a probability estimate of the happening of an event is taken as a statistical parameter. Other methods include using Risk Priority Number RPN is used. Other statistic measures include contingency distribution and chi-square tests
Part B) The image is very unclear however as per the question the same organizational chart can be used as it covers all areas. Since it is mentioned that it is a ROM plant and that of a moderate sized so you can club some of the works into one. For example the procurement related tasks can be combined
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.