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The main point of Project Management is the concept of an “ Iron Triangle” where you can do trade-off analysis between cost, schedule, and performance. Research this concept online.
Then address the following:
Provide a realistic example of a trade-off, where one of these three items is optimized at the detriment of the other two items.
Explain why you selected the one item to optimize.
Explain how you will work to mitigate adverse impact from the reduction in the other two areas of the Iron Triangle.
Select an organizational issue, problem, or topic that you would like to research. Write a narrative about your proposed research. Include the following information
It was strong and flexible. Their first products were fish hooks which were made from the flexible wire that they were able to produce.
Annual demand for a product is 13,000 units; weekly demand is 250 units with a standard deviation of 40 units. The cost of placing an order is $100, and the time from ordering to receipt is four weeks. Suppose the production manager is told to reduce..
Luedtke worked on oil drilling rigs on Alaska’s North Slope. His employer required employees to take a drug test during their next week of “R&R” after their names appeared on a list. Luedtke refused to take the test, and he was fired. Can employees b..
Write a Monte Carlo simulation to estimate the probability that if a 10 inch stick is broken at random in two places, the 3 pieces can form a triangle. Assume that the two locations where the stick is broken are equally likely anywhere on the stick. ..
illustrate what will Deal's Production after Adjustment have to be in order to have a 10% reserve of units available for sale.
Assume that today is December 31, 2014, and that the following information applies to Vermeil Airlines: After-tax operating income [EBIT(1 - T)] for 2015 is expected to be $600 million. Using the corporate valuation model approach, what should be the..
Sales for Hobi-cat, a 17-foot catamaran sailboat, have averaged 250 boats per month over the last 5 years with a standard deviation of 25 boats. Assuming that the demand is about the same as past years and follows a normal curve, what is the probabil..
A group of college students is planning a camping trip during the upcoming break. The group must hike several miles through the woods to get to the campsite, and anything that is needed on this trip must be packed in a knapsack and carried to the cam..
How has technology aided inventory management? How have technological improvements in products such as automobiles and computers impacted inventory decisions?
Consider the discussion on organizational culture in the text and define the culture in FedEx. In what ways is FedEx’s culture a strength and/or a weakness for your organization? In other words, in what ways does the culture in FedEx create strategic..
In your discussion share how you would respond to this situation. How would you spend the money from the grant? Would you discipline your managers for losing control in the meeting? What would your action plan be for handling this situation
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