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Q1) Your tight-knit engineering team has been working on the community's maglev rail project for three years. The completion deadline is in two weeks. While the project has been plagued with challenges such as inferior equipment, bad weather and cost overruns, it looks as if it may make the projected target date (planned to coincide with the new mayor's inaugural address) for the unveiling. Your team has just overcome a major hurdle of the project and has gone out for a well-deserved celebration.
Before leaving to join your team, you discover that one of the magnetic devices is not working properly - a problem that will delay the project another 6 -12 months.
How would you approach the situation and avoid the problem of Groupthink?
How is earned value management different than straight financial accounting?
The information below describes a project with an initial cash outlay of $10,000 and a required return of 12%.
Identify the competitive advantage of an organization at which you work or have worked (or an organization with which you are familiar).
Compute the internal rate of return for each project.
Production department--$10,000,000 needed to purchase new equipment and redesign the manufacturing facility to reduce product costs and improve quality.
Discuss the important role that regulations play in minimizing risk of accident and injury. (in relation to warehouses).
What is the float for Activity I?
Draw the total cost lines for the three options.
List the strategies for positive risk or opportunities.
Assessment brief A proactive strategic procurement operation can give the organisation it represents a competitive advantage by reducing waste in the value chain. Purchasing strategies,
What is meant by project control? What are some tools and mechanisms that we can utilize to ensure projects are in control?
Identifying the ways in which project selection affects risk. Explain how these risks can be reduced.
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