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3 What is project performance evaluation? Explain the various types of project performance
evaluation techniques.
Answer: Project Performance Evaluation
Performance evaluation is an important tool for the assessment of a system or service according to the
measurements specified. We can define it as the systematic process of assessment of effectiveness against
predetermined norms, standards, or expressed goals. In management evaluation of any service, process or
activity typically refers to "determining its worth".
5 Explain the various types of risk that can affect a business project.
Types of risks
There are various types of risk that can affect business project. While some of these risks can be controlled
through a number of options, some of them simply have to be accepted and planned for any project
environment. Before discussing the concept of risk management, we should be aware about various types of
risks that can affect a project. Lets look at the various types of risks:
6 What are the common features of project management software?
Answer: Common Features available in Most of the Project Management software
Before knowing the practical use of project management software, we should study some of the common
features available in most of the project management software. An attempt is made to present an overview of
generic features associated with various project management software packages available today. These
generic features include: