Foreign Currency Transactions Structure

1. (1 page)

Final Project: Project Scope Statement and Work Breakdown Structure

During Week 3, you developed a project charter for the St. Dismas Assisted Living Facility case study. This week, you will develop a Scope Statement and Work Breakdown Structure (WBS) for this project. Pages 123 and 124 of the PMBOK describe the project scope statement. The scope statement includes the product (or service) description, the acceptance criteria, project deliverables, project exclusions, constraints on the project and assumptions.

The Work Breakdown Structure helps break the project down into manageable parts in a process called decomposition. The number of levels in the WBS is related to the project profile. After developing the scope statement for the project, read pages 87-98 of the Mantel text and pages 128-132 of the PMBOK and develop a hierarchical WBS for the project.

In your paper, include the standard title page, introduction, scope statement, WBS, and conclusions. Your project scope statement must be at least 2-3 paragraphs, double-spaced. Your WBS must include at least 10-15 deliverables and three levels.

Mantel, S., Jr., Meredith, J., Shafer, S., & Sutton, M. (2011). Project management in practice (4th ed.). Retrieved from http://www.vitalsource.com
o Chapter 3, "Planning the Project"
 Section 3.2, "The Planning Process—Overview" (pp. 83-84)
 Section 3.3, "The Planning Process—Nuts and Bolts" (pp. 84-96)
 Section 3.4, "More on the Work Breakdown Structure and Other Aids" (pp. 96-101)
• Project Management Institute. (2013). A guide to the project management body of knowledge (PMBOK® guide) (5th ed.). Retrieved from http://www.vitalsource.com
o Chapter 5, "Project Scope Management" (pp. 105-140)
• Amado, M., Ashton, K., Ashton, S., Bostwick, J., Clements, G., Darnall, R., ...Wiley, D. (2011).Project management for instructional designers. Retrieved from http://pm4id.org/
Licensed under a Creative Commons Attribution NonCommercial ShareAlike (BY-NC-SA) license.
o Chapter 2, "Project Profiling"
• Goff, S. A. (2010). The successful project profile. Retrieved fromhttp://projectexperts.com/assets/SuccessProfile2010.pdf

2. (2+ pages)
Application: Foreign Exchange (FX) Market
According to the Course Text, trade across international markets has grown tremendously and represents a significant portion of the world economy. This increase in international trade has been accompanied by an increase in trade across the foreign exchange (FX) market. As with any trade and investments, trade and investments in the FX market pose a risk for multinational companies as well as for investors. The FX market is by nature inherently risky, and risks such as those associated with exchange rates and interest rates require companies and investors to effectively assess, manage, and reduce risk. To do so, international managers can use instruments such as foreign currency transactions, hedging foreign exchange risk, and accounting for derivatives. Consider how international managers utilize these instruments to manage risks when operating in international markets. Think about how publicly traded multinational companies report these types of instruments and transactions to users of financial statements.

Assignment:

I will Write a 2- to 3-page paper analyzing how each of the following instruments can be used by international managers to better manage risks when operating in FX markets: foreign currency transactions, hedging foreign exchange risk, and accounting for derivatives. In your analysis, explain how publicly traded multinational companies report these types of instruments and transactions to users of financial statements.