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Wil Fence is a large timber and Christmas tree farmer who is attending a project management class in the fall, his off season. When the class topic came to earned value, he was perplexed. Isn’t he using EV? Each summer Wil hires crews to shear fields of Christmas trees for the coming Holiday season. Shearing entails having a worker use a large machete to shear the branches of the tree into a nice, cone shaped tree. Will describe his business as follows: A. I count the number of Douglas Fir Christmas trees in the field (24,000). B. Next, I agree on a contract lump sum for shearing with a crew boss for the whole field ($30,000). C. When partial payment for work completed arrives (5 days later), I count or estimate the actual number sheared (6,000 trees). I take the actual as a percent of the total to be sheared, multiply the percent complete by total contract amount for the partial payment [(6,000/$30,000 = 25%), (.25 X $30,000 5 $7500)]. 1. Is Wil over, on, or below cost and schedule? Is Wil using earned value? 2. How can Wil set up a scheduling variance?
Compose project plan and sub-plans that establish how various organizational elements will work and interface to include problem resolution processes.
What do you feel are important first steps when it comes to starting a project the size of the directed research project?
Project charter: Using the above scenario, prepare a project charter. Include the problem statement, justification for the project, and how the project will be measured for success.
What are the activities that are related to the Management of Project Execution? (b) Monitoring is an aspect of Project Management performed throughout the Project. What are the factors that influence the monitoring and control of project work?
Evaluate your current or former manager on each of the five components of emotional intelligence and explain how you can apply the principles of emotional intelligence to your current situation?
A writing an article about call centre working conditions a reporter has claimed that the average tenure is no more than two years. Formulate and test a hypothesis using these data to determine if this claim can be disputed.
Project Timelines - Critical Path and PERT - In terms of creating a timeline, what is understand by the critical path of a PERT chart
the expected benefit of selecting machine B is $80,000, and the expected benefit of selecting machine C is $60,000?
Describe a work-related situation you feel could be improved, using a restaurant as the target business.
What is the critical path when normal activities are used and evaluate the minimum total direct cost for each of the following project durations
The depreciation expense is $2,400 a year. What is the contribution margin per unit?
Explain the importance of a project kick-off meeting, and what needs to be reviewed in that meeting.
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