Reference no: EM132024179
(TCO G) Housing Construction Company (HCC) has agreed to build a housing project for the city of New York. On January 1st, 2006 the company and the city agreed on the following terms:
the construction should take no more than three years, and HCC would be paid a total of $100 million for the project; the $100 million would be paid in three payments of $40 million at the end of year 2006, 2007, and 2008.
HCC expects contractions costs to be $40 million in year 2006, $40 million in year 2007, and $5 million in year 2008.
If HCC uses the completed contract method, what revenues and expenses would HCC recognize in year 2006, 2007, and 2008?
If HCC uses the percentage of completion method, what revenues and expenses would HCC recognize in year 2006, 2007, and 2008?
|
Project manager of a new project
: You are the Project Manager of a new project, In your opinion, what should be done to ensure that information that will be used for making
|
|
Describe what information management techniques
: You have successfully won a project, In depth, Describe what information management techniques were employed to monitor timelines for the project?
|
|
What is the effective interest rate in the first two years
: What is the effective interest rate in the first two years? What is the effective interest rate after the second year?
|
|
Describe how current project records where maintained
: You have successfully won a project, In depth, Describe How current project records where maintained?
|
|
What revenues and expenses would hcc recognize
: If HCC uses the percentage of completion method, what revenues and expenses would HCC recognize in year 2006, 2007, and 2008?
|
|
How many of your companies utilize project management
: How many of your companies utilize project management? Do you find project management to be utilized by specific industries or something
|
|
Changes to the project budget are recommended
: How the impact of cost variances is evaluated, and how many changes to the project budget are recommended.
|
|
Does your organization consistently allocate team members
: Does your organization consistently allocate team members to projects and their day to day work? If this is true, how has this impacted the success
|
|
Describe the typical components of finalising a project
: Describe the typical components of finalising a project's financial activities, including the cost review process that would take place at project completion.
|