How measures are interpreted with operations management, Operation Management

Assignment Help:

Your project to obtain charitable donations is now 30 days into a planned 40-day project. The project is divided into three activities. The first activity is designed to solicit individual donations. It is scheduled to run the first 25 days of the project and to bring in $25,000. Even though we are 30 days into the project we still see that we have only 90% of this activity complete. The second activity relates to company donations and is scheduled to run for 30 days starting on day 5 and extending through day 35.We estimate that even though we should have (25/30) 83% of this activity complete, it is actually only 50% complete. This part of the project was scheduled to bring in $150,000 in donations. The final activity is for matching funds. This activity is scheduled to run the last 10 days of the project and has not started. It is scheduled to bring in an additional $50,000. So far $175,000 has actually been brought in on the project. Calculate the schedule variance, schedule performance index, and cost (actually value in this case) performance index. How is the project going? Hint: Note that this problem is different since revenue rather than cost is the relevant measure. Use care in how the measures are interpreted. Operations Management


Related Discussions:- How measures are interpreted with operations management

Explain ddi communications model, What`s the use of DDI communications mode...

What`s the use of DDI communications model most typically used by and for 1st level supervisors?

Explain collected at different points, Two samples are said to be independe...

Two samples are said to be independent if they are collected at different points in time. False True

Explain what is its current yield, Consider a $1,000 par value, 7% annual c...

Consider a $1,000 par value, 7% annual coupon bond. The bond matures in 9 years. Assuming the bonds required return is 10%, what is its current yield? (Semi-annually compounding)

Process strategy at wheeled coach, Why do you think major auto manufacturer...

Why do you think major auto manufacturers do not build ambulances?

Calculating Standard time, ) A time study analyst observes a worker over a ...

) A time study analyst observes a worker over a period of time and calculates that the worker required 90.0 minutes per unit produced. The worker was rated at a 105 percent perfor

Efforts to reduce materials waste & procure materials, 1. In the hypothetic...

1. In the hypothetical manufacturing company (figure) what other actions do you think management might take in addition to their efforts to reduce materials waste, procure material

Explain hr use of social media it is for a term paper, HR use of social med...

HR use of social media it is for a term paper and i am just collecting some data and ideas.

Explain demand for product is not a constraint, Which of the following is t...

Which of the following is true? Once you complete the five steps, the process is complete Another constraint will always appear when the original constraint is broken Dema

Location decision and layout selection, 1. general procedures for making lo...

1. general procedures for making location decision 2. factors to consider in layout selecgtion

Explain a product at each stage of the plc, Using the product life cycle, d...

Using the product life cycle, describe a product at each stage of the PLC and support your choice.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd