Consider the following financial statements for BestCare HMO, a not-for-profit managed care plan: BestCare HMO Statement of Operation and Change in Net Assets Year Ended June 30, 2007 (in thousand) Revenue: Premiums earned $26,682.00 Co-insurance $ 1,689.00 Interest and other income $ 242.00 Total re
What are you thoughts on the following questions? I need some help getting started: 1. Why are accurate estimates critical to effective project management? What steps can project managers take to improve the accuracy of estimating projects? 2. What argument can you provide as to why a project's scope must be tied to the Wo
First, Forecast the cash flows generated by project X over its economic life. Second, determine the appropriate opportunity cost of capital(r). this should reflect the both the time value of money and the risk involved in project X. Third, use this opportunity cost of capital to discount the project's future cash flows, the sum
You have taken a job with the Keystone XL Oil Pipeline Project Corporation. Your starting salary is $14,000 per year. It sounds like it is time for a new car! Because this is a high profile corporation, and they know you when to the UOP, you have been selected to keep account of their accounting and tax differences. The controll
If the indirect cost for each duration are $1,300 for 16 weeks, $1,290 for 15 weeks, $1,250 for 14 weeks, $1,200 for 13 weeks, $1,100 for 12 weeks, $1,020 for 11 weeks and $1,000 for 10 weeks, compute the total cost for each duration. Show critical paths. What is the optimum cost-time schedule? Show your work with analysis.
Project Description The firm will develop a sophisticated online web portal infrastructure which will support quality improvement programs in five plants in different locations of the company. The manufacturing operations will have to report progress, submit data, share ideas, measure and monitor quality improvement initiativ
Stock, Commodity and Mutual Fund Project You will complete a research project for this course that includes an in-depth analysis of two stocks, two futures contracts and two mutual funds. You will complete the following for the financial instruments that you choose: 1 Historical summary/ profile 2 Printed price lis
Expando, Inc., is considering the possibility of building an additional factory that would produce a new addition to its product line. The company is currently considering two options. The first is a small facility that it could build at a cost of $6 million. If demand for new products is low, the company expects to receive $10
Option A You can purchase a new building within the city limits for $525,000. The city will offer a special incentive reducing the price by $25,000. The city will finance the building over a period of 20 years at a 5.25% APR Should you pay the loan off 5 years early the city will rebate you an additional 10% of the purchase
-Analyze the organizations basic legal, social and economic issues -Analyze managerial, operational, and financial issues including -Project management -Project timelines -Critical paths and contingency planning -Implementation plan contingencies -Staffing needs and tools Also include 1 Gantt chart example along with
Why is using Bayes' theorem important to help answer health care administration-related questions? What does this theorem allow you to do that traditional statistics do not? What are some prerequisites for using Bayesian statistics?
It is important for the project manager to gather data on the work that has already been executed in the project to compare the plan against what is actually happening. Once the data is collected and reviewed, it should be determined if action is necessary. Without the data, project managers may not be able to make decisions bas
1. What are the best practices used by firms to outsource project work? 2. Why is it important for project managers to gather data on the work that has been executed in the project? 3. What major information would you expect to find in a project closure review?
Charlie Poole's Three Week Project Turnaround: http://c2.com/cgi/wiki?ThreeWeekProjectTurnaround And http://www.charliepoole.org/article.php?p=turnaround ""Lessons learned from the Three Week Project Turnaround: What went right, what went wrong, and why" - How much flexibility do project managers typically exerc
The most common way that many organizations communicate is through periodic meetings. At the same time, almost everyone complains about meetings being a waste of time. Below is an attached humorous cartoon poster about calling a meeting. Comment on the cartoon. Explain in your comment the best ways to use meetings for project
"To what degree is it really possible to meaningfully manage risks in project management?" -What is project failure? -How can the risk of project failure be reduced? -What are the costs of protecting against project failure? -To what factors lead to project success?
Your organization in the new geographical location has been operating for over a year. There have been a lot of positive changes, but a few obstacles still remain. Answer the following: -What are the organizational strengths and weaknesses? -How can management increase its understanding and application of business etiquett
I want to discuss senior management's ability to communicate with its employees. 1. Is the Internet available for employee usage? Why or why not? 2. What is the management's role in the dissemination of information to employees? 3. How will foreign managers communicate with the home base? 4. What challenges might
Construct a Gantt chart for the project described by the following set of activities, and indicates the project completion time and available slack for each activities. Please see attachment.
To a great extent, transportation project planning is described as a public activity where purely financial return is not the overriding benefit to be attained. Give the reasons why this activity is a major part of the public activity in the U.S. economy.
Comment below: Is the project worth doing? In my job we are often reviewing whether or not we should do something. I think it's important that a project absolutely makes sense to do from either an economic or strategic standpoint. In today's economy a company can not afford to take on projects if they don't ultimately benefi
Comment on below. Risk management is a major component of successful project management. From our in class discussion I learned that risk managers alone is at a huge increase in demand because of the importance to companies. The risk management factor can majorly affect a projects success. Both internal and external factors
If the initial investment in a project is $100,000 and the expected annual net profit for the project is $20,000, the payback period is: -5 years -4 years -one fifth of the year - 10 years A functional project structure is NOT characterized by: -lower personnel costs -improved communications -lack of "projectitis" -la
You are the recruiting manager for a new organization that is working on recruiting a manager for the services division. The vice president of the services division stresses to you, "This is a new department that requires a good manager who has the following skills: conceptual, communication effectiveness, and interpersonal. I n
Read the Case Study titled "The Evolution of Project Management at Quixtar" in the Kerzner text. In this firm the account executives are being trained in project management so that they can be more effective in dealing with independent business owners. Describes the role of communications at Quixtar as the firm carries out it
Need these questions answered in detail: 1. Discuss the organizational structure at Empire Plastics. 2. What design changes are needed? 3. Why does conflict exist at Empire? 4. How does the organizational culture affect this situation? 5. What changes in culture are needed at Empire Plastics? 6. What political tacti
Project Description: the firm will develop a sophisticated online web portal infrastructure which will support quality improvement programs in five plants in different locations of the company. The manufacturing operations will have to report progress, submit data, share ideas, measure and monitor quality improvement initiatives
What formulas are used for completing the project and great explanations as to why. Please see attachment.
Comment on the following quote: "A project manager is completely ingrained in the culture of an organization a project is generally run from multiple levels of an organization as well as many different department involvements. The high level of interaction between the client's customers as well as the internal culture makes it
The following table lists all costs of quality incurred by Sam's Surf Shop last year. What was Sam's appraisal cost for quality last year? Annual inspection costs $ 155,000 Annual cost of scrap materials $ 286,000 Annual rework cost $ 34,679 Annual cost of quality training $ 456,000 Annual warranty cost $1,546,000 Annual