What ambiguity exists in using these disconnected data point

Assignment Help Operation Management
Reference no: EM132176144

We can easily look at a project schedule and quickly determine if we are ahead or behind of the plan. We can make a similar inference by examining the project budget and estimate if we have overspent or underspent, but do these two items by themselves tell the full and true story? What ambiguity exists in using these disconnected data points? Earned value management (EVM) integrates schedule and budget to tell us if what we are getting is what we are paying for. A beginning project manager needs to be at least familiar with EVM. Conduct research in the Ashford University Library or on YouTube and provide a citation or link to a short article or video that explains the basics of EVM. Summarize the findings of the article or video. Each class member is expected to supply a unique source.

Reference no: EM132176144

Questions Cloud

Differences between monochronic and polychronic time systems : Explain, in your own words, the differences between monochronic and polychronic time systems.
How will you prepare and negotiate contract : How will you prepare and negotiate contract? Senior management is asking you to create draft contract.which elements would you include within draft contract?
What tools or techniques do you use to balance demand-supply : What tools or techniques do you use to balance demand and supply? What are he biggest challenges to develop a feasible plan?
What ratios will be effective in demonstrating this ability : What ratios will be most effective in demonstrating this ability? A businesses ___________ is a value chain activity that it performs especially well.
What ambiguity exists in using these disconnected data point : What ambiguity exists in using these disconnected data points?
Approaches new entrepreneurs take when selection an attorney : What are the approaches new entrepreneurs take when selection an attorney?
The company has used its resources effectively : hich type of ratios would be most helpful in evaluating whether the company has used its resources effectively?
Bikes from motorcycle branding company that does not exist : Prepare the Marketing Mix Strategy and Marketing Research. Create a New line of bikes from a motorcycle branding company that doesnt exist.
Avoid lost business due to cultural insensitivity : Experts argue that one reason for implementing special diversity training programs is the need to avoid lost business "due to cultural insensitivity".

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