Explain this situation to project owner

Assignment Help Operation Management
Reference no: EM132873517

PART 1

A military project specifies a lighting fixture that is unique and is the centerpiece for a large conference room. The construction project is proceeding and is on schedule. As the construction manager on the project, you receive a call stating that the lighting fixture is eight weeks out from delivery. This timeframe will result in a late opening for the project. In your response, answer the following questions:

How will you explain this situation to the project owner?

Which process will you complete differently for the next construction project?

In your opinion, who has the greater responsibility: the architect, the general contractor, the sub-contractor, or a vendor? Who should solve the problem?

As a matter of scheduling, which steps, if any, might not have been completed correctly?

PART 2

An owner wishes to construct a five-story hotel. Your firm has been selected to complete the construction management portion of the project. The project includes a liquidated damages clause in the specifications. The liquidated damages clause states that if the project is completed ahead of the projected schedule, then for every day ahead of schedule, your firm will receive a bonus of $2,500. The specifications also state that, for every day behind schedule, you will forfeit (pay) $2,000 to the owner. As the construction manager, what scheduling factors will you consider prior to submitting the final schedule to the owner? In your response, identify two advantages and disadvantages associated with projects that include liquidated damages in the contract.

Reference no: EM132873517

Questions Cloud

Compute the gross profit percentage for both years : Selected financial data for Quick Sell, Inc., a retail store, appear as follows. Compute the gross profit percentage for both years
What stock dividend should be reported on the statement : The balance in retained earnings at December 31, 2020. What stock dividend should be reported on the statement of cash flows (indirect method) as
Evaluate performance during the pandemic : How does an HR professional evaluate performance during the pandemic?
Critically examine the unitary theory : Critically examine the unitary theory (features and criticism) in employment relations.
Explain this situation to project owner : How will you explain this situation to the project owner? Which process will you complete differently for the next construction project?
What would be an approximate market price per share : If the common stock had a market price of $108 per share before the stock split, what would be an approximate market price per share after the split?
Company culture based on innovation : Company culture based on innovation. Partnering and networking to seize opportunities.
Supplier relationship and effects on supply chain : Describe the supplier relationship and the effects on the supply chain. Supplier improvement strategies.
Calculate the dividends per share on each class of stock : Calculate the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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