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Describe to the owner an advantage and a disadvantage of using an alpha level of 5%
instead.
Bidding Process
The procedure by which companies submit proposals or bids to win contracts, often used for projects, procurement, or services.
Project Champion
A person who passionately supports, promotes, and ensures the success of a project, often from a position of influence within the organization.
Long Lead Items
Materials, equipment, or components that have a long delivery time, potentially impacting the project schedule.
Equipment
The necessary items for a particular purpose, often referring to tools or machinery needed for an operation or activity.
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