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Why is it important for the project manager to have a clear definition of what each group of stakeholders view as successful outcomes for the project?
Wiki User
∙ 12y ago
Because, it is the stakeholder (usually the customer) that is going to accept the work product produced by the project and if they say that they are not satisfied, the project will not be successful.
Wiki User
∙ 12y ago
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For a given event what is the result of dividing the number of successful outcomes by the number of possible outcomes?
Probability
What is the definition of mutually exclusive?
no outcomes in common
What is the definition of policy outcomes?
Policy outcomes refer to the effects or results that arise from the implementation of a specific policy. These outcomes can include changes in behavior, conditions, or circumstances that are intended to address a particular issue or achieve a certain goal outlined in the policy. They are used to assess the success or effectiveness of a policy initiative.
Examples of external stakeholders?
External stakeholders are individuals or groups outside of an organization who have an interest or influence in its operations and outcomes. Examples of external stakeholders include customers, suppliers, shareholders, government agencies, non-governmental organizations, and the local community.
What are the organizational stakeholders?
Organizational stakeholders are individuals or groups that are affected by or have an interest in the activities, decisions, and outcomes of an organization. They can include employees, customers, shareholders, suppliers, government agencies, communities, and non-profit organizations. Stakeholders can have varying levels of power and influence, and their needs and expectations should be considered by the organization.
A six-sided cube is rolled Find the probability of rolling a six?
Probability = (number of successful outcomes) / (number of possible outcomes)Possible outcomes: 6Successful outcomes: 1Probability = 1/6 = 16 and 2/3 percent.
What is the definition for experimental?
experimental probability, is the ratio of the number favorable outcomes to...
What is the definition of overlapping events?
events that have one or more outcomes in common.
What is definition of a simulation in statistics?
a way to model random events, such that simulated outcomes closely match real-world outcomes. By observing simulated outcomes, researchers gain insight on the real world.
What is the definition of counting principal?
Counting Principle is used to find the number of possible outcomes. It states that if an event has m possible outcomes and another independent event has n possible outcomes, then there are mn possible outcomes for the two events together.
What is the best definition of sample space of a probability event?
Not sure about the "best" definition. It is the set of all possible outcomes for the event.
What is one of the four possible outcomes associated with a requested relief of liability?
Successful Recovery.
