Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Operation Management Expert

problem 1:

Earned Value Management is the systematic approach to measurement and integration of cost, schedule, and technical accomplishments in a project. List all the benefits which are associated with this technique.

problem 2:

PK Motors Ltd embarked on the pilot project to manufacture 2000 units of a new model vehicle. The total cost of manufacture is estimated at $27m and the project must be completed in 30 weeks. The rate of project progress is anticipated to be uniform and linear. At the end of week 18, the actual cost of work performed (ACWP) amounted to $17.1m and the number of cars produced was 600 units. As a project manager, you’re requested to report the project status. Your answer must point on the following:

i) A graphical presentation of the project status

ii) Cost Variance (CV)

iii) Schedule Variance (SV)

iv) Cost Performance Index (CPI)

v) Schedule Performance Index (SPI)

vi) Estimate To Complete (ETC)

vii) Estimate At Completion (EAC)

viii) Estimated time to complete

Consider the results of Earned Value Analysis and briefly state whether the project is ahead or behind schedule and whether it is under or over budget.

problem 3:

Projects are extensively known for their tendency to run late and over-budget.

(i) Select an organization of your choice and in brief illustrate out the main risks to which development projects are exposed.

(ii) Discuss and illustrate out the techniques which are available for coping with those risks.

problem 4:

Almost all projects suffer change to their current “definition” at some point in their evolution. Changes might be proposed by any of stakeholders associated with the project. Change might be unavoidable or highly desirable; it might equally be unnecessary and not useful. It is indispensable that any proposed change to the project be formally controlled. Illustrate out how project controls relative to alters are managed.

problem 5:

Projects generate and absorb important quantities of information. Discuss and illustrate out the significance of an effective information management system.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M98416

Have any Question? 


Related Questions in Operation Management

1 what is the penalty for violating the paternity leave

1. What is the penalty for violating the Paternity Leave Act? 2. What is Parental Leave and who may avail thereof? 3. Should salary-related benefits (i.e. cash equivalent of unused vacation and sick leave credits, overti ...

As a member of the hr team in your company how would you go

As a member of the HR team in your company, how would you go about setting performance measures for jobs? When is the best time to discuss performance expectations with a new employee? Give an example.

Phase 1 -team projectskywrench maintenance hanger

Phase 1 -Team ProjectSkyWrench Maintenance Hanger Relocation Scope: You are in the maintenance office of a medium sized repair facility.The senior manager has tasked you to come up with a project plan and budget to move ...

Assignment lasa inappropriate behaviormarwan has worked at

Assignment: LASA: Inappropriate Behavior Marwan has worked at Studio Five Theme Park as a character actor portraying a swash-buckling pirate. He does not have an employment contract. He loves his job because of his senio ...

Have just been hired as the human resources hr manager by

Have just been hired as the human resources (HR) manager by your company's chief executive officer (CEO). During your interview process, the CEO indicated that in the last 2 decades, the workforce demographics of her com ...

You are the hr manager of a large child care center the ceo

You are the HR Manager of a large child care center. The CEO has asked you to prepare a 2-3 page paper addressing how to conduct comprehensive background checks on employees hired to work with children. Write your 2-3 pa ...

Discuss how organizations can utilize good project

Discuss how organizations can utilize good project management techniques to develop information systems.

The three major sources of error in communication research

The three major sources of error in communication research are: 1- Measurement questions and survey instruments, 2- Interviewers, and 3- Participants. Explain how each source can contribute to error and what you might do ...

Operations management group project- om in actionthe

Operations Management Group Project- OM in Action The objective of this group project is to integrate knowledge that we have learned in class with personal experience by taking a close look into the operations of an orga ...

Truefalsetime and interest affect the money when moving a

True/False Time and Interest affect the money? ___ When moving a quantity to the future, this cash flow decrease in value? ____ The only way you may compute an annuity is by using an equation? ____ There is one interest ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen