The Complete Day Skipper: Skippering with Confidence Right from the Start

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Same day completions are often used by cash buyers or investors. This means there’s no chain and the buyer isn’t going to move into the property themselves. What happens on simultaneous exchange and completion? What key questions should you consider when deciding who should be consulted about a task? Select all that apply. Most people find it very useful to leave time in the process between exchange and completion. The time can be used for: Fill in the blank: Since the project manager uses the project charter throughout the project, it acts like a _____ for the project.

Fill in the blank: A _____ is a document that defines project goals and outlines what is needed to accomplish them. Some solicitors will suggest choosing the next working day to complete, to at least give a little time for everything to go through. As a project manager, you need to update your project charter with a statement about the tangible outcome of the project. In which section of the project charter does this information go?In theory, provided your mortgage lender allows it, you can exchange contracts on the same day as completion. This hugely speeds up the process and eliminates the need to pay a deposit upon exchange of contracts. Goals you believe your team needs to meet and goals the stakeholders believe the team needs to meet If your transaction forms part of large chain, then the probability of there being a problem if you complete and exchange on the same day becomes much more likely. Suppose that you’re starting as a project manager for a new client. What three strategies can you use to decrease the likelihood of scope creep and make the project a success? Who does the project manager need to get approval from before indicating a Go for the project? Select all that apply.

In practice many people do indeed end up exchanging and completing on the same day, and for many this is perfect, for example where there is no housing chain and all parties are looking for a swift transaction, or cash buyers. Fill in the blank: If a project has a _____, then it may be worth the team’s time to learn a more sophisticated tool.Whilst there are the above advantages to a same day completion, there are also risks or disadvantages too. Risks of simultaneous exchange and completion: Once a team launches a project, there’s still work to be done. Which of the following scenarios would occur in the landing phase? Select all that apply. Consider the following scenario: The Director of Product requests a project cost reduction of 25%. However, they also state that the product’s final result needs to look and function as originally agreed with no additions to project workload. If you're going to trade on margin you'll also need a lot of cash on deposit with the broker. This is not recommended for a beginner as it carries a high risk that the trader will wind up broke and deep in debt.