Scenario 1 Use the five-step decision-making process to analyse the following situation and recommend a course of action: You are in charge of granting all computer hardware service contracts for your employer, which are worth more than $30 million annually. You casually indicated that you were seeking to buy a new car and that you particularly liked the Audi automobile but that it was very expensive in recent emails with the company's current service provider. You are taken aback when the service provider texts you the phone number of the sales manager at a nearby Audi dealership and advises you to call him. The service provider claims that because of his close friendship with the dealership's owner, he will be able to offer you a fantastic price on a new Audi. Could it appear that you were asking for a bribe if your manager saw a copy of the texts you sent to the contractor? Could you classify this offer as a bribe? How would you respond?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Scenario 1
Use the five-step decision-making process to analyse the following situation and recommend a
course of action:
You are in charge of granting all computer hardware service contracts for your employer, which are
worth more than $30 million annually. You casually indicated that you were seeking to buy a new car
and that you particularly liked the Audi automobile but that it was very expensive in recent emails
with the company's current service provider. You are taken aback when the service provider texts you
the phone number of the sales manager at a nearby Audi dealership and advises you to call him. The
service provider claims that because of his close friendship with the dealership's owner, he will be able
to offer you a fantastic price on a new Audi. Could it appear that you were asking for a bribe if your
manager saw a copy of the texts you sent to the contractor? Could you classify this offer as a bribe?
How would you respond?
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