A potential situation that could cause a negative or positive impact to the project is known as a(n): A) Activity B) Problem C) Risk D) Issue
Q: Organizations seek to adopt Managed Services from larger suppliers because they provide many…
A: Organizations seek to adopt Managed Services from larger suppliers because they provide many…
Q: Briefly explain the HRM Reengineering Process
A: Reengineering makes it possible to standardize processes by employing practices and models that…
Q: Explain the known and unknown factors for Risk mitigation Give examples of the known unknowns and…
A: Risk mitigation is the process of identifying, assessing, and prioritizing potential risks and…
Q: What is your predominant style of followership? Briefly, discuss your self-assessment findings.…
A: Meaning of predominant style of followership:- The predominant style of followership refers to the…
Q: if people leadership does evolve once they either consider themselves as a leader or is told that…
A: Overview:- Leadership and followers are two sides of the same coin. A leader is someone who is…
Q: Identify how waste disposal will turn out social entrepreneurship in the barangay/local community.
A: Waste management and disposal is a major challenge faced by communities all over the world. The…
Q: What is meant by ‘Esteem needs’ and ‘self-actualisation needs’ in relation to the motivation of an…
A: Employee motivation is the level of energy, enthusiasm, dedication, and innovation an employee…
Q: What does "digital signature" mean in this context? How does one get a digital signature and what…
A: In today's digital age, electronic signatures have become a vital part of modern communication and…
Q: As a new manager, one of your initial challenges involves motivating a new employee who has good…
A: Conflict is an unavoidable part of any organizational setting, and as a manager, it is your…
Q: If you were manufacturing toothpaste and decided to substitute diethylene glycol for glycerin, would…
A: As a Manufacturing organization making toothpastes it is important that one uses the Ingredients…
Q: I need a Reference according to APA guidelines
A: The American Psychological Association (APA) gives tips for writing and citing sources in the area…
Q: Scenario: “I can’t take it!” said Lacey. “This team has created nothing but problems ever since it…
A: “Since you have posted a question with multiple sub parts, we willprovide the solution only to the…
Q: How do organizations determine their employee promotion policies and procedures?
A: Employee promotion policies are necessary to maintain consistency in the selection and promotion…
Q: Discuss motivation and team effectiveness theory with the context of the case study organisation
A: Motivation and team effectiveness are two crucial components for organizational success, and…
Q: Explain in detail how transportation specialists evaluate the particular risks their companies face.
A: Note:The solution has been provided in a generalised manner. Introduction: Risk: A risk is an…
Q: As a way to address how teams reach a decision, numerous strategies were examined as part of the…
A: The process of reaching a decision is a crucial aspect of team dynamics and can greatly impact the…
Q: What characteristics does Principles of Management have?
A: Management is the art and science of allocating a business's resources and activities to meet…
Q: Topic: “What are some causes of rising food prices and the challenges faced by rural farmers in Mt.…
A: Food prices have been rising in recent years, and this is having a particularly profound effect on…
Q: organisational
A: Defining a corporation and influencing how its employees behave are its shared values, beliefs,…
Q: Is the growth of the Knowledge Worker a result of automation, in your opinion?
A: Everyone is aware that automation increases productivity. It is also clear that there are numerous…
Q: Discuss the benefits and drawbacks of AI-powered online education in a critical and analytical way.
A: Artificial Intelligence (AI) has become an increasingly important tool in the field of education,…
Q: How would you characterize a site that has a large amount of visitors? If a company is too tiny to…
A: In today's digital age, having a website with a large amount of traffic is an essential part of…
Q: 0.2 Directions On the work-leisure continuum below, "work" indicates working approximately 40+ hours…
A: Meaning:- It refers to the distribution of time and energy between paid work (including both job and…
Q: Using one of the four organisational types, identify its key internal and external stakeholders and…
A: A stakeholder mapping and Power/Interest Matrix can be a useful tool for evaluating the needs and…
Q: Discuss How does an organization align its talent management strategies with its overall business…
A: Concept Introduction :- Talent management strategies are processes and practices that organizations…
Q: Google and China Google ended itssearch product in China in 2010 and is effectively blocked in the…
A: In 1999, Larry Page and Sergey Brin were the co-founders and owners of Google, which they started as…
Q: What is the nature of Human Resource Management?
A: The process of employing people, giving them the appropriate instruction and compensation,…
Q: The social economy is made up of social enterprises, social ventures, and social purpose businesses.…
A: The social economy is an important part of our world. It consists of non-profit organizations,…
Q: What are those factors that most strongly influence HRM in global markets?
A: The process of managing a company's staff across many nations is known as human resource management…
Q: what are Watson Talent four steps?
A: INTRODUCTION: Organizations utilize talent management to spot gaps in their present staffing as well…
Q: Where do ERP systems come from? What are the advantages and disadvantages of using such systems as a…
A: Enterprise resource planning (ERP) systems have their roots in manufacturing and inventory control…
Q: What is your Management Style? Are you a manager who promotes building relationships with crucial…
A: In an organization management do play crucial role as for the owner of the business it is not…
Q: How are content theories and process theories of motivation different? Compare and contrast both…
A: Motivation can be defined as a process that allows individuals to take necessary actions to reach…
Q: How waste disposal will turn out social entrepreneurship in the barangay/local community
A: Meaning of social entrepreneurship: A social entrepreneurship is a person who uses business…
Q: Identify two Operational Recommendations of the WHO regarding drugs. Does any recommendation address…
A: The World Health Organization (WHO) has developed several operational recommendations for addressing…
Q: Describe functional foremanship as a scientific management strategy.
A: Scientific management asks for the use of standardized procedures, techniques, and staff in order to…
Q: Explain , What is the role of the coordination function in developing and maintaining partnerships…
A: Organization enables the most effective use of resources. It not only aids in the proper assignment…
Q: Discuss how John’s company can sustain a competitive advantage through information technology.
A: The sustainability of a business for an indefinite period in a market depends on many factors.…
Q: Should U.S. companies increase base pay (beyond the level that would be paid in the United States)…
A: Employee motivation refers to the driving force that compels employees to engage in certain…
Q: What would you say organizations are built on? A. Goal displacement, overthinking and…
A: Introduction: Organizations are built upon a variety of different components, all working together…
Q: What are 7 terms associated with the team building stages and their impact on a multi-cultural…
A: SOLUTION: An continuing process called team building aids in the development of a work group's…
Q: It is important to have a conversation about the concept of IT service management as well as the…
A: IT service management (ITSM) is a framework that provides a structured approach to managing IT…
Q: Identify any four different organisation types of your choice. Using real-world examples, define and…
A: INTRODUCTION: Understanding the various types of organization system is very important to run a…
Q: Find two academic articles on the subject of ethics in project management and summarize them.
A: Two Academic Articles on the subject of ethics in project management are: 1) Charles P. Warnick's…
Q: What consumer needs does the cleaning product satisfy. example: disinfected
A: Cleaning products play a vital role in maintaining a clean and healthy living or working…
Q: What further difficulties do you anticipate, taking into account how the epidemic and contemporary…
A: The epidemic has disrupted businesses worldwide, forcing them to adapt to new and constantly…
Q: Select two leadership theories and two management theories (Chapter 2 not assigned. However,…
A: Leadership theories are well-studied hypotheses about the psychology of specific types of…
Q: Advise the small farmers on how to be more successful , profitable and stable in his farming…
A: Small-scale farmers face many challenges in running a profitable and sustainable farming business.…
Q: You are Head of Human Resources at a Bank in Trinidad and Tobago. The Board is considering entering…
A: The process of an international joint venture involves two or more companies from different…
Q: Followership is what allows for leadership. You cannot lead without followership. I also think in…
A: The organization will have a specific structure based on the organizational size, and market…
A potential situation that could cause a negative or positive impact to the project is known as a(n):
A) Activity
B) Problem
C) Risk
D) Issue
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Create a risk matrix for this project:Event Cost ($000) ProbabilityEquipment breakdown 40 .20Vendor is late with key segment 200 .60Subcontractor has labor issues 140 .30Weather problems 15 UnknownFunding delays 50 .40 to .60Testing delays 20 .40Explain your reasoning for your placement of the events Weather problems and Funding delays.Angel healthcare Ltd., has 2 investment opportunities, each costing $120000 and each have expected profit as shown below: Years Project "A' Project "B' ($) ($) 1 40000 30000 2 30000 40000 3 20000 35000 4 15000 30000 Year 1 2 3 PVIF @ 10% 0.909 0.826 0.751 4 0.683 Compute NPV & Profitability Index, Suggest which Project to be preffered at 10%cost of capitalStinnett Transmissions, Incorporated, has the following estimates for its new gear assembly project: Price $1,220 per unit; variable costs = $3.75 million; quantity = 90,000 units. Suppose the company believes all of its estimates are accurate only to within ±15 percent. What values should the company use for the four variables given here when it performs its best-case scenario analysis? What about the worst-case scenario? Pls don't copy answer i give up vote
- Case Study 1: Project Management – Decision Trees A local toy manufacturer has three different mechanisms that can be installed in a doll that it sells. The different mechanisms have three different setup costs (overheads) and variable costs and, therefore, the profit from the dolls is dependent on the volume of sales. The anticipated payoffs are as follows: Light Demand Moderate Demand Heavy Demand Probability 0.25 0.45 0.3 Wind-up action $325,000 $190,000 $170,000 Pneumatic action $300,000 $420,000 $400,000 Electrical action -$400,000 $240,000 $800,000 What is the ultimate objective in the use of decision trees to product design? How is this objective accomplished? Draw the decision tree. What is the EMV of each decision alternative? Which action should be selected?Randall Systems in considering four projects A, B, C and D that have risks associated with the producing benefits. Based on the information given in the table below, which project is more desirable for the company? Project A Project B Project C Project D EUAW Prob. EUAW Prob. EUAW Prob. EUAW Prob. $2,000 0.2 $3,000 0.1 -$5,000 0.2 $4,000 0.4 $1,500 0.5 -$2,500 0.4 $6,500 0.5 $2,500 0.3 $3,000 0.3 $3,500 0.5 $1,000 0.3 -$2,000 0.3Problem Statement: Project Control and Monitoring You are working on a manufacturing project having a budget of PKR 3,600,000 and expected time of its completion is one year. There is an ideal condition that your budget and work are evenly spread across the duration of the project that is twelve month. At the end of forth month, the senior management has called a meeting and invited all the stakeholders to brief about the status of the project. You being the PM of this project is giving the presentation to all the attendees and informed that project is on schedule and PKR 1,800,000 have already been spent on the project. Required: Calculate Cost and Schedule Variance What is SPI and CPI of the project? Estimate at completion and Estimated time to complete?
- What is the minimum cost of crashing the following project at Sawaya Robotics by 4 days? NORMAL CRASH TIME (DAYS) TIME (DAYS) 9 7 7 6 5 4 6 4 9 6 ACTIVITY Design (A) Wiring (B) Chip install (C) Software (D) Testing (E) The minimum cost of crashing the following project at Sawaya Robotics by. 4 days is $ NORMAL COST 200 800 600 1,100 1,200 CRASH COST 300 875 675 1,300 1,875 IMMEDIATE PREDECESSOR(S) (enter your response as a whole number). A, B CIFS233 Donell Consulting recently completed an IT training platform implementation with a public firm. The project concluded after the completion of a testing, piloting and sign-off from the project stakeholders. Though completed, the project manager was reviewing their notes, in which they listed all the important occurrences that were recorded during various project phases: ● The pilot of the training platform is about to begin, and the COO of the firm has informed the project team that they want an additional 1000 staff trained and included, and the firm will be increasing budget accordingly. The new systems analyst replacement just found an issue with the way in which the training platform is recording information inputted from users. Apparently, it does note read or collate all the metadata produced during user inputs, and only considers metadata that leads to a complete sequence of inputs. This is going to cause issues in how we record the users' activities as the client wants to…PT ABC is responsible for planning and organizing sales management training program for the year of 2009. The planning for the event can be described with the table below Event Predecessor Event a (Optimistic) m (normal) b (pessimistic) A - 1.5 2.0 2.5 B A 2.0 2.5 6.0 C - 1.0 2.0 3.0 D C 1.5 2.0 2.5 E B;D 0.5 1.0 1.5 F E 1.0 2.0 3.0 G B;D 3.0 3.5 7.0 H G 3.0 4.0 5.0 I F;H 1.5 2.0 2.5 Questions : A) Specify the PERT Network for this project B) Specify the critical event and critical time
- Manager Cafe "Blue Sky" is considering investing 2 (two) projects. Project X is an investment of $ 75,000 to replace a working but outdated cooling equipment. Project Y is a $ 150,000 investment to expand the dining facilities. Relevant cash flow data for the two projects over the expected 2 years are as follows: Project X Year 1 Year 2 Probability Cash Flow Probability Cash Flow 0.16 $0 0.08 $0 0.66 $50000 0.82 $50000 0.18 $100000 0.10 $100000 Project Y Year 1 Year 2 Probability Cash Flow Probability Cash Flow 0.50 $0 0.13 $0 0.50 $200000 0.74 $100000 0.13 $200000 Calculate: Expected value, standard deviation, and coefficient of variation for cash flows from each project. Compute: Risk-adjusted NPV for each project using a cost of capital of 15% for riskier projects, and 12% cost of capital for less risky projects. Which project is more…Using your results from Problem 6,(a) Calculate the probability that the project will be completedin 38 weeks.(b) Calculate the probability that the project will be completedin 42 weeksConduct a formal Risk Plan for a project covering the following critical aspects;1. Identify the risks to start preparing a risk register and Analyse the risks (both qualitative and quantitative risk analysis)2. Plan risk responses3. Track and control risksMinimum 10 risks to be identified.