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Project Management

Project Management

A project has the following activities, precedence relationships, and time estimates in days: Activity Predecessor Optimistic Most likely Pessimistic Activities Time Time Time A -- 6 7 8 B

Project Risk

Risk is often described as the event that "might" happen during the course of a project. Explain how risk has impacted a project that you have been associated with as a team member or project leader. Provide at least two examples where surprise events impacted the project, and how the issue was resolved. Comment on the importanc

Project Management: Contracting and Procurement

What kind of contract will you pursue for each of the following purchases related to this project? - Hiring technicians to install and configure the software for your environment - Hiring a training entity to teach the student PMs the mechanics of using the new tool - Buying a new server and software to run the tool and ho

XYZ Industries Capital project: Should the new plant be built?

XYZ Industries is considering investing in a new manufacturing plant. The plant requires an item of equipment that costs $200,000. In addition, XYZ will spend $10,000 on shipping costs and $30,000 on installation charges. The equipment will be housed in a building currently owned by the company. The building was bought at a cost

Calculating optimal production batch size

1. Jim's Knives manufactures knives for a certain retail store. His skilled workers can produce 10 knives a day of their best-selling knife (known as Bowie knife). Their retail store sells an average of 5 knives per day. Jim's workers prefer to work on only one type of knife at any given time for efficiency reasons. They hav

Salvage Value of a Project

Grant Publishing just undertook a project that required a $340,000 investment in NOWC, which will be recovered fully at the end of the project's life in five years. At that time, the required equipment will not be depreciated fully and still will have a book value of $100,000. The firm's tax rate is 40%. If the salvage value at

The (fishbone) cause and effect diagram

Quality tools include: Flow charts, control charts, cause and effect or fishbone diagram, Pareto chart, failure mode and effect analysis, PDCA (Plan, Do, Check and Act) and DMAIC (Define, Measure, Assess, Improve, Control), etc. Describe a cause and effect diagram (fishbone) and provide an example on how it is used.

Project Management

You just had Terry, one of your team members from marketing, give a presentation to the engineering group about the new product and its importance to the company's product line. The presentation covered the launch program, giving an emphasis on the milestones and dates. The purpose was to get the engineering group's buy-in on th

Controlling Measures During the Planning Phase

What controlling measures should be taken during the planning phase. Then provide a generic method for creating a project schedule starting with the creation of the work breakdown structure (WBS).

Grainger Manufacturing Production Budget

Grainger Manufacturing Inc. produces outdoor grills. On March 31, the company had 120 grills in inventory. The company's policy is to maintain a grill inventory equal to 15% of next month's sales. The company expects the following sales activity for the second quarter of the year: April 800 units May 2,000 units June

Fortran Corporation: Recommend that the project be adopted

Suppose the going market rate of interest on high quality bonds is 12 percent. FORTRAN Corporation is considering an investment project that will last 10 years and requires an initial cash outlay of $1.5 million but will generate estimated revenues of $500,000 per year for 10 years. Would you recommend that this project be adopt

Who Approves and Reject Changes to the Scope of the Project?

Who approves and reject changes to the scope of the project? Who approves and reject resources. Should the project manager have full authority to change control? What type of system should be in place to manage change request? Explain why you are choosing this technique.

Scheduling and Project Management (PERT and CRM)

Discuss how project management influences other departments and functions of this organization (i.e., marketing, finance, accounting, human resources, etc.)? What are the difficulties or limitations for implementing PERT and CRM in the organization?

business research project

Locate a project within a business, to include non-profit and charitable organizations, government (and military) units, or any other type of cooperative work group you'd like to nominate. -Your current or former workplace. -A client organization, such as a supplier. -A customer organization, or a customer group. -A work

BPM project to decrease cost per tire and increase revenue

See attached file for proper format of tables. In 2009 it was decided that ABC Tire Company would implement a BPM project with the goal to decrease the manufacturing cost per tire and increase revenue from each tire sold. To track the success (or failure) of the project they determined the following baseline data for 20

Definition of Production System & Operations Management

Define a production system. How does the concept of a production system help in the understanding of OM? Production systems are the subsystems found within manufacturing. This includes everything needed to design, make, and distribute a good. So basically, production systems involve everything from the beginning stages of d

Why does operation strategy keep changing for world-class competing companies?

Why does the "proper" operation strategy keep changing for companies that are world-class competitors? The world is evolving every day and is at a constant change or upgrade. So it only makes sense that the â??properâ? operation strategy will also evolve and change over time, otherwise your corporation could easily get ru

Operation management2

You will see the details in the attachment ... 3. Bob Heckman, manager of the MIS department at ASW Publishing, has received a request from Virginia Griner, the head of Human Resources, to develop an interactive icon- and menu-driven software package to be used by the benefits specialists in her department. Based on prelimin

PERT and CPM Situation Estimation Techniques

In what situations should the PERT estimation technique be used? Use advantages and disadvantages to support your arguments. In what situations should the CPM estimation technique be used? Use advantages and disadvantages to support your arguments. Are there any other project management cost and scheduling estimation tec

What is the relative quality between Toyota Corolla and Rolls Royce?

Too many people believe high quality is synonymous with high price or high cost. Pick two functionally similar products that compete in very different markets and discuss the relative quality of each, Toyota Corolla and a Rolls Royce. Is cost often a function of the market requirements and can high quality is achieved at any cos

Evaluating Processes: Benefits of project management. What is a safety stock?

1. What are the benefits of project management? Provide an example of how you have relied on project management. Based on your readings, how can you improve your project management skills? 2. What is a safety stock and when should it be used? How have safety stocks been used in your organization? Were they relied upon approp

This post addresses the brand image of Rolls Royce.

We were looking at the Rolls-Royce brand. We noted that Rolls Royce could be vulnerable as a result of its uniqueness in terms of handmade craftsmanship and also aiming for perfection. Perhaps there is a negative effect of aiming for PERFECTION rather that just aiming high. Any thoughts? Please provide any references