What project planning tools would you suggest karim ask

Assignment Help Finance Basics
Reference no: EM131367699

Assignment

Question 1

Tarek Abdalah was an experienced project manager of small machine shop. He had always had complete authority when working with clients on specifications of the project team on the schedule. His boss, however, did not feel comfortable letting Tarek determine project budgets. The boss always did that himself.

A client approached Tarek about designing a piece or surgical equipment. Tarek was excited about this project because his usual job was to design and make part of the factory equipment. He was excited about the new job and he knew what the surgical tool was intended to do and had figured out what had to be done to design and manufacture it. He had even estimated the labour hour requirement. He wanted to do all the planning discussions with the client, including discussion on the budget.

What do you think Tarek should show to his boss, so that the boss would feel more comfortable letting him determine and monitor the project's budget? What should Tarek say to persuade his boss?

Question 2

The Chief Operating Officer of Beirut Airline, Karim Ajam was put in charge after the CEO unexpectedly resigned. Karim was named acting CEO and told by the airline's board of directors that he would be considered for the position permanently if the next few months went smoothly. Karim was very nervous because he knew that the company was on the verge of financial troubles. He was not expecting to make profits that had been projected for the next few months. He knew the ticket selling was down due to recent unrest in the political situation in the city and nationally.

The resigned CEO had hired the consulting group to help identify the cost saving for the airline. The firm hired was unfamiliar to Karim, and there were rumours around the company that the lead consultant was a friend of the now resigned CEO.

THE Consulting group had been interviewing staff at the company for the last two weeks in order to prepare a proposal for work re-design to cut costs. Karim met with the consultants and they presented him with their proposal. The proposal outlined the cost of the consultants and the projected savings the company could expect after the consultant's work was finished. Karim was now sure precisely how the savings were determined and what would be the redesign project specific deliverables.

What should Karim do next? What information he should ask the consultant for before accepting their proposal? What project planning tools would you suggest Karim ask the consultant to use to outline the project more specifically and address his concerns?

Reference no: EM131367699

Questions Cloud

Draw the multiple drivers that will be created : Draw the multiple drivers that will be created and the resolved output signal R from time 0 until time 12 ns.
Why is it difficult to solve international economic problems : What is the supposed economic benefit of embracing mercantilism as an international trade theory? Are there many disadvantages to the use of this theory?
Manufacturers use promotional tools to coax distributors : Manufacturers use promotional tools to coax distributors to focus on their products. Which of the following describes why manufacturers need to receive distributor support?
Measuring organizational business decisions : Measuring Organizational Business Decisions (beginning on page 48, Business Driven Information System by P. Baltzan) are critical to business. If you are working now or in the past, compare and discuss your business success metrics with those list..
What project planning tools would you suggest karim ask : What information he should ask the consultant for before accepting their proposal? What project planning tools would you suggest Karim ask the consultant to use to outline the project more specifically and address his concerns?
Performance appraisal-career system and reward system : Assume that your company manufactures and distributes small household electronic items such as iron boxes, microwaves, toasters, mini-ovens, electric frying machines, etc. As of today the company has operations in Europe, North America, and Africa. T..
How does the leontief paradox modify the theory : In what way does factor endowment theory help explain why nations trade? How does the Leontief paradox modify this theory?
Components and infrastructures of information systems : Components and Infrastructures of Information Systems Consider a scenario in which an organization has a centralized IT infrastructure and needs a system to accommodate growth.
Write a vhdl description of an address decoder : Only the six leftmost bits of addr will be compared; the remaining bits are ignored. An ‘X' in the check vector is treated as a don't care.

Reviews

Write a Review

Finance Basics Questions & Answers

  Difference between the two subtotals

Cash flow was then the difference between the two subtotals. What advantages or disadvantages do you see of the current format in relation to the old one? Which would you prefer if you had a choice?

  Determining the amount of deposit

Bill and Cathy want to make fifteen equal annual payments into an account, starting today, so there will be enough money to purchase the villa in fifteen years. If the account earns 10% per year, what is the amount of each deposit?

  Develop an analysis of the real state market

Develop an analysis of the real state market of Loudon County, Virginia. In your analysis includes what it has changed and what it has achieved (what cause the Loudon County residential keeps increasing such as transportation, school, etc.).

  Your aunt wants to decrease at a constant amount each year

your 69-year old aunt has savings of 35000. she has made arrangements to enter a home for the aged on reaching the age

  What is the expected incremental profit associated with the

assignment - completely answer the following questions1. explain the rational for each of the four variables that

  The financial statements of an entity

The financial statements of an entity, with their accompanying schedules and explanatory notes, are the main means by which the users of general purpose financial reports inform themselves as to the operations, financial position, financial stability..

  Determine if the futures and options are priced correctly

The discrete risk-free rate was 2.75 percent. Determine if the futures and options are priced correctly in relation to each other. If they are not, construct a risk-free portfolio and show how it will earn a rate better than the risk-free rate.

  Which of the two alternatives will add the most value

Which of the two alternatives will add the most value? Show your calculations and work

  What is the operating cycle and how is it related to the

what is the operating cycle and how is it related to the cash conversion

  Analyzing methods of businesses which manage working capital

Analyze methods in which businesses manage working capital. Find out the single greatest challenge to small businesses and how those challenges may be addressed.

  Means the present value of the expected cash flows

Guarantees all cash flow assumptions will be realized. Means the present value of the expected cash flows is equal to the project's cost. Ignores the inherent risks within the project. Is expected to increase the stockholders' value by the amount ..

  What is the equipment after-tax salvage value

What is the equipment's after-tax salvage value? Round your answer to the nearest cent.

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