How measures are interpreted with operations management, Operation Management

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

Posted Date: 2/5/2014 10:09:03 PM | Location : United States

Related Discussions:- How measures are interpreted with operations management, Assignment Help, Ask Question on How measures are interpreted with operations management, Get Answer, Expert's Help, How measures are interpreted with operations management Discussions

Write discussion on How measures are interpreted with operations management
Your posts are moderated
Related Questions
Suppose that you are the manager of a production department that uses 400 boxes of rivets per year. The supplier quotes you a price of $8.50 per box for an order size of 199 boxes

An assembly line with 30 activities is to be balanced. The total amount of time to complete all 30 activities is 42 minutes. The longest activity takes 2.4 minutes and the shortest

A suburban specialty restaurant has developed a single drive-thru window. Customers order, pay, and pick up their food at the same window. Arrivals follow a Poisson distribution, w

On the day his son was born, a father decided to establish a fund for his son's college education. The father wants the son to be able to withdraw $4000 from the fund on his 18th b

Let's switch gears and take a look at starting your own business, instead of buying an existing one. When you think about starting a brand new business, you need to know how much y

Assess the significance of the brainstorming suggestions and determine how you might use this information to improve the chances of the project's success

Baker Mfg. inc. wish to compare its inventory turnover to those of industry leaders, who have turnover of about 13 times per year and 8% of their assets invested in inventory. 1. B

A variety of organizational culture characteristics make project success more likely. The characteristics include: A. Sufficient funding B. Feasible schedule C. Respect fo

Q3. What do you understand by “line balancing”? What happens if balance doesn’t exist?

Recommend one specific way that Thomas can adequately staff the office in light of the many problems he has already experienced. Be sure to keep in mind the cultural issues that pl