MIS-Notes 3 (26) - ProjectAsDefined. .

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Preliminary Project Technique • Next Stage Project Plans • Needs Analysis Report    MANAGEMENT INFORMATION SYSTEM • Decision As To Whether To Continue With  Project As Defined. . CONCLUSION The cause of many venture failures can be traced back to  the early days of the venture. What eventually causes it to come tumbling down is often visible  from the start. The fault is that everyone hoped it would go away. It is the liability of the Project  Administrator to recognize these issues, and either solve them, or escalate them to the Sponsor.  The Sponsor has a liability to the venture. Portion of that liability is, whenever you want, to  decide if the venture should continue. If there is a significant success-threatening issue that the  Project Administrator cannot resolve, and the Sponsor cannot resolve, the Sponsor has the  obligation to stop the venture. On the other hand, if the Project Administrator cannot solve the 
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  • Spring '11
  • DavidReedPh.D.,PMP
  • venture, project administrator, Preliminary Project Technique, Analysis Report    MANAGEMENT, significant success­threatening issue, procedure enhancement activities

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