1 

a. The project manager and project management have a common objective: work on the project to achieve the goals of the project. There is a start, middle phase for all projects to complete and end the project (whether successful or unsuccessful). A typical project has generally the following four main phases: the initiation, preparation, execution and closure (each has its own tasks and issues agenda). In all these stages, this reflects from the beginning to the end of a project and is commonly called the "life cycle" process.

Phase of initiation – The initiation process, goal or need of the project is identified during the first stage of the project, which may be a business issue or opportunity. In a business case with proposed solution choices, an acceptable response to the need is reported.
The following stage, the planning phase, is to further develop the project solution as closely as possible and to prepare the steps required to achieve the goal of the project. The team defines all the work that needs to be done in this phase. The tasks and resource needs of the project and the plan for its development shall be defined. The word "field management" is also used.

During the third phase , the project plan will be implemented and project work will be carried out. During the implementation, it is important to retain control and communicate as required. Progress shall be constantly tracked and changes made to the original design shall also be reported as variances. A project manager does this step most of the time for any project.

b. Your HR plans are built based on your business strategy and on the action plans of your organisation. In addition to defined regulation, the HR strategy, be it recruiting, rewards, training and assessment, is versatile, and is structured to follow and step of growth in compliance with the applicable goals, HR should be lawful, public, fair, and logical. For example, the policy should comply and represent the requirement for statutory maternity for 3 months.The supervision of HR workers from induction to retirement or entry to exit is the responsibility. HRM's focus is on providing people with resources, improving their talents and inspiring them to the highest level, and ensuring they sustain their loyalty to the company.In general, feasibility studies and business plans are built so well that when you present it to your investors or sponsors it is irresistible. It gives you a good picture of what the feasibility analysis or business plans are going to reveal. It also reveals how much your dream company would cost you, what your money can afford. The type of product you need to reduce input to other products to optimise production.

c. Interest is the expense of lending, in which the lender pays a loan fee. The interest may be either simple or multiplied, normally expressed as a percentage. Simple interest is based on the loan or deposit principal sum. Compound interest is, in turn, based on the principal sum and the interest accruing on it in all times. Just the principal amount of a loan or deposit is measured with a simple interest, which makes it simpler to measure than the compound interest.

d. An realistic project planning horizon focused on the type of projects, clients, goods and services they offer should be defined by any organisation. When there is a high degree of ambiguity, time schedule information must be minimised. A successful project manager identifies explicitly the responsibilities of all members of the team, preventing misunderstanding and stressing interdependent roles. In the event of uncertainty, the team can revert to the plan to make things clear.By planning, the project manager can define and schedule activities that are mutually related. Management software like monday.com allow you to schedule activities on which a time limit can be set. This allows you to track projects and deadlines carefully in order to prevent delays throughout the project.Finally, a sound plan is the most critical factor of project management since it provides the project with a roadmap. Otherwise, the teams and consumers are at risk of dysfunctional management, ambiguous goals, low quality and financial losses.

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 The second and the third options are examples of specialization. Victor dies what he is specialized in and lets the domestic worker do the domestic duties. Akshay and Elenor also do what they are specialized in.

2. The correct option is:

A system of exchange must be in place. This is because itwill enable people to exchange the benefits of work that they are specialized in rather than doing everything themselves.

3. True. The principle of comparative advantage works on the concept of opportunity cost. The opportunity cost of driving her own children is high since she could be earning much more through specialized driving during that time.