The open- ended questions help to encourage respondents to expand on their responses which may open up new topic areas not initially considered and help to simulate participants’ experiences. They also help to produce detailed pictures that may assist the researcher to explain why people act in certain ways and their feelings about these actions. Unlike the quantitative research, the qualitative method involves the studying of phenomena in their natural settings, rather than in a laboratory setting and thus produce results that are more true to life. Again, unlike the quantitative research, which focuses on isolating, reducing and controlling the variables involved, qualitative research obtains a holistic picture of the subject under consideration. This helps to provide rich information and highlights individual differences between the participants.
A comprehensive review of this kind of study can be found in  and the study can be done from the lessor’s or lessee’s perspective. From the lessor’s perspective, two levels of decision problems need to be considered i.e. the strategic level and the operational level. The lessee can be individual households or businesses. For the lessee point of view decide which equipment to lease for the case where several brands offered, and the best lease option from the options available for a given equipment are important.
The Project Cost Management have the one key component that are required to making sure that the project will be complete within the budget allocated at the beginning of the project. The Project Leader must know all the basic of the Project Cost Management to ensure that the project run smoothly. The project leader must make sure that all the data in the Project Cost Management are well represent on the proposal as it will make it looks like the member of the project have standby to overcome the consequences of any action that will be taken based on the budgeting and the costing that they have presented. There are a few key concepts that need to be jot down, the PCE, PCB and PCC. These three are the main fundamental that have to be included inside the project cost management.
Their results highlight the importance of simplifying decision processes and of informing and educating to help consumers in making decisions. Disinterest, the interpretation of defaults as recommendations, as well as too much choice and the complexity of choice problems are according to van Rooij and Teppa factors that clarify why consumers tend to act passively rather than actively in the act of choice
Introduction Strategic project analysis provides a clear picture of the objective goals and how they can be achieved for any project. As it is a means of bringing out information for the intellectual task of problem solving. As the word strategic describes it meaning itself that how the problem is actually going to be compete in such a way that it provides benefits for all the stake holders. How strategic project analysis works: The strategic project analysis works on three main questions; • What is the current situation or scenario? • What is our destiny or goal?
The same ease and convenience should apply to transferring the information to any standard decision support system. In what follows, we first examine fundamental types of project selection models and the characteristics that make any model more or less acceptable. Next we consider the limitations, strengths, and weaknesses of project selection models, including some suggestions of factors to consider when making a decision about which, if any, of the project selection models to use. We then discuss the problem of selecting projects when high levels of uncertainty about outcomes, costs, schedules, or technology are present, as well as some ways of managing the risks associated with the uncertainties (Jack R. Meredith, Samuel J. Mantel, Jr: 8th Ed:
Maintaining internal coherence ensures a strong and defendable hypothesis while external consistency is not always necessary. This is due to the nature of the hypothetic method, as it is possible for a new idea to be tested and more accurate than previous theories. A fruitful hypothesis would be an idea that fuels or suggests new ones for future analysis and confirmation. Furthermore, fruitfulness offers additional applications for the
They are required to search the root cause for the problems that are defined. 188.8.131.52 A-ANALYZE Here the project team members are required to imply statistical and Calculative methods for as Analysis to make out root cause of problems those arise. 184.108.40.206 I-IMPROVE Ample amount of solutions should be come out from the minds of Team members. The main goal of the improvement area is to eliminate the root cause through standard solutions and imply better process to get better results. 220.127.116.11 C-CONTROL After Improvement has been done.
Management ensures all members of the organization play a role in order to achieve the goals as well as managing the activities. Comparing actual results and budgeting amounts for different categories of expenses, managers then can determine which costs do not correspond to the plan and hence needed their attention (Lucey, 2002). Good budgeting comes together with both planning and control, however, management must pick which role is more appropriate to be emphasized on in order to get the full advantages of it (Flamholtz,
Furthermore, present decisions influence future decision making. Few of the result that may result from a decision are disappointment or fulfilment, both of which impact upcoming decisions. There are some limitations of human rationality in decision making. First of all is a limit of human capabilities. The limitation from human able to collect, process, and to find out all the information that needed to make a decision outcome make it unreasonable to meet the perfect with the exception of in constrained or straightforward circumstances.