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Guidelines For Selecting a Project In IT Industry

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1Guidelines for selecting a Project in IT industryAnalyze the key guidelines that an IT firm should follow when selecting and managingprojects. Discuss the importance of risk analysis, quality planning, and cost-benefitanalysis in ensuring project success. How can tools like benchmarking, design ofexperiments, and cost of quality contribute to a firm's ability to deliver high-qualityprojects on time and within budget? In your response, provide examples of how theseguidelines and tools can be practically applied to achieve better outcomes. Your answershould be between 1,000 and 1,200 words.

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