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Q1) Since the hospital's project budgeting approach is under the microscope due to several large, public budget overruns, Walter is asking you for very concrete three-point/range estimates and budget numbers. You are able to get good "most-likely" estimates from your team for the work they are doing, but the largest numbers (and most unknown right now) are the vendor estimates. You could develop some estimates based on your vendor experiences from the private hospital, but you know those numbers are on the high end of the cost range. You and Walter discussed this during your last face-to-face status meeting. He was not comfortable using just those numbers (although that would make the project appear to come in under budget) and wanted to have numbers that are more likely. He asked you to follow up with him via e-mail detailing the approach you will take. You suspect that he will enhance the e-mail and send it to the CFO in response to the CFO's concerns.
Using your knowledge of the case study, prepare the e-mail you will send Walter that describes your approach to defining the project budget. Be sure to clearly define your approach for obtaining estimates for the 10 vendors that may be used on the project. Remember that you have not selected the vendors yet, but you do have a list of 50 possibilities.
Assuming the firm faces a 30% tax rate, calculate the project's annual project free cash flow (FCF) for each of the next five years.
The Personal Company, which manufactured personalized restaurant accessories, received a telephone order from Olive, the owner of a seafood restaurant, for $600 worth of napkins imprinted with the name of her restaurant
Use GM (General Motors) as an example, explain variable, fixed, average, marginal, and total cost of production.
Critical Chain Management vs. Critical Path Management: When is critical chain not critical path? Define how project and feeder buffers developed and how they are used.
Fully explain and describe the functions and necessary characteristics of an effective project manager.
Create a weeklong work schedule to meet the needs of the employees, the customers, and therestaurant.
How would applying the core values and concepts of the Baldridge Health Care Criteria for performance Excellence improve health care quality?
Based on the information below, what IT management changes should Leslie request that would likely increase the success of the IT acquisition projects?
The expected return and standard deviation of project B is 25% and 20%, respectively. The risk-free rate is 8%. What is the reward to risk ratio for project A?
Based upon the above discussion, identify which of the two marketing/advertising campaigns is more effective in application of behavioral science concepts and discuss the reasons for your opinion.
The Chaos report lists a variety of success factors that affect project management. This includes user involvement, executive management support, proper planning, clear statement of requirements.
Essay Question: You are the project manager working on your project’s schedule. You are reviewing leads and lags. What are leads and lags? Please provide an example of each
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