Describe how does CPM handle trade-offs between time and cost in the scheduling of a project?
Critical path analysis is recognized as a significant aid in project planning. However, there are sevel issues to be aware of when coverting the CPM-based plan to reality and actually executing the project. What are some of the problems arising from the assumptions of CPM?
Discuss the importance to fully integrate the WBS with the organization. In your estimation, what could happen if this integration does not take place?
CPM/PERT 1. Immediate Duration Activity Predecessors (days) a. organize layout team - 5 b. organize modification team - 3 c. design personnel jobs a 2 d. set machinery in place b 3 e. connect utilities c,d 7 f. modify conveyor system e 4 g. train personnel e
Discuss the pros and cons of the checklist versus the weighted factor method of selecting projects.
You are managing an e-mail consolidation and upgrade for your organization, and you're focusing on the implementing the process of control schedule and control cost. You must state your case and supporting evidence for the need of implementing the process of control schedule and control cost to your stakeholders. Prepare a prese
The Company The Lew-Mark Baking Company is located in a small town in western New York State. The bakery is run by two brothers. Lew and Mark, who formed the company after they purchased an Archway Cookie franchise. With exclusive rights in New York and New Jersey, it is the largest Archway franchise. The company employs fewer t
1. What is a WBS? Describe it's purpose. Discuss the benefits of using it. 2. What is a Gantt chart? What is the Critical Path and how is it used? 3. Create a simple task schedule network (MS Project is not required but preferred). (Minimum of 15 tasks.) The content is up to you. Minimum requirements are as fol
A project budget report is showing our project as spending 35,000 against a budgeted amount of 40,000. What does this report tell you about the project? 1. we can't be sure how the project is going 2. we should check to see if all bills have been paid 3. we are doing a good job managing the project 4. we are spending less
Utilizing your knowledge of PMBOK, in your opinion, what are the three most important knowledge areas recognized by the PMBOK with regard to your trade show project? What is the possible impact on the project if those areas are not managed properly? Provide a clear and concise explanation of your thoughts.
As we progress in our study of project management tools we will inevitably take a look at the reporting function. How many of you are involved in the reporting aspect of a project/program or operation? Do you agree with the methods used for evaluation? Is it always useful information being disseminated? Does healthcare organ
Work thru this to compare chase versus level aggregate plans: As a manager of a washing machine manufacturing company, you are required to determine the level of output per month from your plant for the next quarter. At the end of September (last quarter) you had 100 finished washing machines in stock. Your company works with 2
Review the nine traits/skills associated with being an effective project manager. Discuss in your opinion which one is the least important. Nine traits are noted below. 1. Systems thinker. 2. Personal integrity. 3. Proactive. 4. High tolerance of stress. 5. General business perspective. 6. Good communicator. 7. Effec
Discuss Managing vs Leading and the need to employ both when implementing projects.
Assignment 3: Aggregate Planning Case A firm produces antifreeze solution in gallons. This product has a very seasonal demand pattern during the year, with higher demand during the winter. Given the following costs and quarterly sales forecasts, the firm needs to develop production plans in order to meet their needs. Click he
Country Heather manufactures flowerpots. It expects to sell 40,000 flowerpots next year. The company has enough beginning inventory of direct materials to produce 48,000 units. Beginning inventory of finished units total 4000 with a target ending inventory of 5,000. The company keeps no work in process inventory. The flowerpots
Our ongoing discussion of Project Management is not complete without a brief discussion of two of the most common circumstances found in this environment....Conflict and Negotiations. Please talk about this and how it relates to project management
Discuss and explain the need for an integrated information system for project management purposes. (300 words)
Does managing to the critical path guarantee a successful project? Why or why not?
If you were in charge of hiring a Project Manager for one of the world's most challenging projects, what well known person would you choose to lead it and why? (You can choose anyone (actors, musicians, politicians, athletes, business people, world leaders, etc). I encourage you to be creative. Think in terms of Personal
Assume your hypothetical organization is facing dramatic challenges for which top management is asking for your expertise. As an Organizational Development professional, you are required to make an intervention that will help the company return to profitability, increase its market share, and enhance employee morale. The
RMR Corporation consists of the Semiconductor Division and the Process-Control Division, each of which operates as a profit center. The Semiconductor Division produces two electronic components, the new high-performance Super Chip and an older product called Okay Chip. These two products have the following cost characteristics
Plan to Reduce Project Duration The initial cost of the current schedule will cost approximately $3.152 million and will take approximately 50 weeks to finish. The current project estimates are under budget, but the time frame is not acceptable. Bjorn needs to decide which activities need to be crashed, and understand t
The market capitalization for X Corporation is $10 billion. The estimated beta for its new project is 1.25 The treasury bill rate is 5% The project's IRR is 14% The expected rate of return on the S&P 500 is 13%. What is the expected return on the project using CAPM? (Assume no taxes) A) 13% B) 14.6% C) 15% D) 16.25
Martin L. Grass of Rite Aid accounting scandal ***Trial Details*** 1) Research the Martin L. Grass of Rite Aid trial and answer the following questions: a. In what type of court was your subject tried? b. Provide key details about the trial. c. Did your subject enter into a plea bargaining agreement? If so, to what charge
Scenario: Project A has a guaranteed a payoff of $200 million, which will exactly compensate the debtholders of the firm. Project B has a 50 percent probability of a $400 million payoff and a 50 percent probability of a zero payoff. Which project do the debtholders prefer and which project do the shareholders prefer?
1. A fast-food trainee takes an hour to prepare his first 20 sandwiches, 45 minutes for the second 20, and 38 minutes for the third 20. What will his production rate be after 24 hours of experience? 2. A new bank clerk needed an hour to encode his first 500 checks, 51 minutes for the second 500, and 46 minutes for the third
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. I need all the help I can get. I never been in Project
A. Phyllis believes that the firm should use straight-line depreciation for a capital project because it results in higher net income during the early years of the project's life. Joanna believes that the firm should use the modified accelerated cost recovery system depreciation because it reduces the tax liability during the ea
Each student in the group should select one category of barrier and develop the Barriers to Success and the Actions for Success sections. Categories are: logistical communication and decision-making scope and complexity leadership and staffing priorities and goals cultural barriers Potential Barriers to Success: