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Wil Fence is a large timber and Christmas tree farmer who is attending a project management class in the fall, his off season. When the class topic came to earned value, he was perplexed. Isn’t he using EV? Each summer Wil hires crews to shear fields of Christmas trees for the coming Holiday season. Shearing entails having a worker use a large machete to shear the branches of the tree into a nice, cone shaped tree. Will describes his business as follows: A. I count the number of Douglas Fir Christmas trees in the field (24,000). B. Next, I agree on a contract lump sum for shearing with a crew boss for the whole field ($30,000). C. When partial payment for work completed arrives (5 days later), I count or estimate the actual number sheared (6,000 trees). I take the actual as a percent of the total to be sheared, multiply the percent complete by total contract amount for the partial payment [(6,000/$30,000 =25%), (.25 x $30,000 = $7500)]. 1. Is Wil over, on, or below cost and schedule? Is Wil using earned value? 2. How can Wil set up and calculate a scheduling variance
Drawing on hall's high and low context, describe some of the communication issues that might well arise when an arab company officer who hasvspent his career in the middle east is sent on temporary assignment
Name the 10 groups that would be involved in the planning committee for a new college football stadium. Why is the committee so important in this process?
You want to estimate the average unit process time (a.k.a. activity time), p, at a server. You are told that there are five identical parallel resources (m = 5), the server works for 8 hours or 480 minutes each day, the average utilization at this se..
Why do you think the components of this system are underutilized? (Please note that this is not just a problem of poor marketing and communication.) What would you do to increase the utilization of these services and attract a greater mix of payi..
Explain the concepts underlying (a) payback analysis, (b) average rate of return, (c) net present value, (d) internal rate of return, and (e) profitability indexes.
If annual demand is 24,000 units, orders are placed every 0.5 months, and the cost to place an order is $50, what is the annual ordering cost?
Analyze and rank three of the most important leadership traits that a healthcare CIO must possess in order to manage today’s HMIS challenges and trends. Apply examples of at least one challenge and one trend in HMIS to each leadership trait. Evaluate..
Tim Smunt has been asked to evaluate two machines. After some investigation, he determines that they have the costs shown in the following table. The company thinks it knows how to make 12% on investments no more risky than this one.
How do contractual relationships impact the project initiation? What are factors to be consider in a project contract? Why does the project team need to be aware of these contracts before they begin the project?
Assuming that 75 percent of all requests are routine, calculate the overall takt time for the customer service center.
Discuss how cultural differences in moral beliefs and norms may be relevant in decision problems that a manager may encounter. How should managers think and act when confronted with moral disagreement that is based on cultural differences? Are there ..
Determine whether employee development is needed for technical skills. Determine whether employee development is needed for interpersonal skills. Determine whether there is a difference among the departments in terms of technical skills.
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