Bottom-up or top-down budgeting project cost control

Assignment Help Operation Management
Reference no: EM13780821

Would you prefer to use the bottom-up or top-down budgeting project cost control? What are the advantages and disadvantages associated with each approach?

Your response should be at least 75 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

Reference no: EM13780821

Questions Cloud

Each activity contained a series of milestones : Each activity contained a series of milestones that represented a previously agreed-upon amount of work. Once the low graffiti was erased, 35% of the activity had been completed and once the mid-level graffiti was erased, 70% of the activity had been..
About critical chain methodology is best : Which statement about critical chain methodology is best?
Cost estimation-cost control for many project organization : How has the global economy affected the importance of cost estimation and cost control for many project organizations? Please be specific and offer examples. Feel free to use your own organization if possible.
What would be the direct cost of labor for an employee : Assume that overhead is charged on a flat rate basis. Each member of the project is assigned an overhead charge of $300/week. What would be the direct cost of labor for an employee, given that she is assigned to the project for 120 hours at $10.50?
Bottom-up or top-down budgeting project cost control : Would you prefer to use the bottom-up or top-down budgeting project cost control? What are the advantages and disadvantages associated with each approach?
Operating on a trade deficit over three decades : The United States has been operating on a trade deficit over three decades because Americans tend to buy more imports instead of domestically produced goods. Do you think Americans should continue this pattern? Why, or why not? Explain your rationale..
Cost estimation such important component of project planning : Why is cost estimation such an important component of project planning? Discuss how it links together with the Work Breakdown Structure and the project schedule.
Month demand production hire layoff : The S&OP team at Kansas Furniture has received estimates of demand requirements as shown in the table. Assuming stock out costs for lost sales of $125 per unit, inventory carrying costs of $20 per unit per month, and zero beginning and ending invento..
Month production days demand forecast : A juarez, Mexico, manufacturer of roofing supplies has developed monthly forecasts for a family of products. Data for the 6-month period January to June are presented in the table below. There are 8 hours of production per day. Juarex has yet a sixth..

Reviews

Write a Review

Operation Management Questions & Answers

  Explain how can an organization optimize supply chain

supply chain management is the integration of activities that procure materials and services transform them into

  What is the bullwhip measure for the manufacturer

Consider a three-firm supply chain consisting of a retailer, manufacturer, and supplier. The retailers demand over an 8-week period was 105 units each of the first 2 weeks, 220 units each of the second 2 weeks, 280 units each of the third 2 weeks, an..

  What are the pros and cons of an airline implementing

What are the pros and cons of an airline implementing a policy that heavier customers need to buy a second seat? Research an airline and provide their policy on heavier customers and seats. Do you agree or disagree with this policy?

  Illustrate what will be the new economic order quantity

the ordering cost can be cut to $4.00, illustrate what will be the new economic order quantity, order frequency and Yearly inventory management cost.

  Illustrate what is percentage change in productivity

Using sales dollars as measure of output, illustrate what is percentage change in productivity from April to May.

  How many spare shock absorbers to order for a small

A local Toyota dealership has to decide how many spare shock absorbers to order for a small selling model of car. This shock absorber has an average demand of four units per month

  Performance of the supply management function

Performance of the supply management function can be viewed in two contexts:

  Wholesaling in relation to the evolution of retailing

Compare the evolution of wholesaling in relation to the evolution of retailing. Which changes are similar and which ones are fundamentally different?

  What is the difference between morals values and character

What is the difference between morals, values, and character. What is servant leadership and how is it used in the workplace

  Nbspcase-1nbspbloomsday outfitters produces t-shirts for

nbspcase-1nbspbloomsday outfitters produces t-shirts for road races. they need to acquire some new stamping machines to

  Human resources information system

HR has moved from an administrative function to a transformational function. This change is based on automating HR functions through an HRIS system.

  Define total quality management

Assume that you have recently been hired as the director of continuous improvement of a company. You are an outside hire with limited history of the firm and personal capital at the firm, and you are responsible for lean production, total quality ..

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