How measures are interpreted with operations management, Operation Management

Assignment Help:

Your project to obtain charitable donations is now 30 days into a planned 40-day project. The project is divided into three activities. The first activity is designed to solicit individual donations. It is scheduled to run the first 25 days of the project and to bring in $25,000. Even though we are 30 days into the project we still see that we have only 90% of this activity complete. The second activity relates to company donations and is scheduled to run for 30 days starting on day 5 and extending through day 35.We estimate that even though we should have (25/30) 83% of this activity complete, it is actually only 50% complete. This part of the project was scheduled to bring in $150,000 in donations. The final activity is for matching funds. This activity is scheduled to run the last 10 days of the project and has not started. It is scheduled to bring in an additional $50,000. So far $175,000 has actually been brought in on the project. Calculate the schedule variance, schedule performance index, and cost (actually value in this case) performance index. How is the project going? Hint: Note that this problem is different since revenue rather than cost is the relevant measure. Use care in how the measures are interpreted. Operations Management


Related Discussions:- How measures are interpreted with operations management

Define the parameters and the potential implications, The internet is a sta...

The internet is a staple of the modern office. Some companies are concerned that the Internet (and its e-mail application) lead to increased theft of time in the workplace. But, ot

Concepts of collective bargaining process, The United Auto Workers union en...

The United Auto Workers union enters into contract negotiations with the Ford Motor Company in Michigan. What are the three main subject areas the UAW can negotiate with Ford? Prov

Volume flexibility - customers needs for a product, Volume Flexibility - Cu...

Volume Flexibility - Customers Needs For a Product The readiness with which the operation systems output can be adjusted in response to sharp changes in customer demand. Produ

Explain what are cost and revenue relationships, Consider this statement: "...

Consider this statement: "To make effective decisions, managers must use basic cost and revenue relationships." What are cost and revenue relationships? Describe them in detail.

Explain what the law code of hammurabi reveals, • Describe what the Law Cod...

• Describe what the Law Code of Hammurabi reveals about Babylonian culture; consider relations between men and women, slaves and freemen. • Explain whether or not you believe th

Explain the effective general leadership traits, For years, David and Evie ...

For years, David and Evie Wexler of The Little Guys Home Electronics had many ideas about how to improve the home electronics store in which they were working, but could not put th

Describe what''s an effective mission statement, What's an effective missio...

What's an effective mission statement for the Chattanooga Ice Cream Division?

Define sociotechnical systems theory, Discuss sociotechnical systems theory...

Discuss sociotechnical systems theory and contrast it with the open systems theories of organization development?

Point rating method, Point  Rating Method In  selecting  a site  of l...

Point  Rating Method In  selecting  a site  of location companies  have several  objectives, but  not  all are  of equal  importance. The relative weight a company assigns to

Explain customer service and stress management, Utilizing the formula for w...

Utilizing the formula for writing training objective, write a training objectives for the following: Please include all 3 of the elements components. Please Management, Customer Se

Write Your Message!

Captcha
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