User Account

All Pages

Describe what is a schedule management plan

Assignment Help Managerial Accounting
Reference no: EM132951106

Projects that are not well designed can run over cost and/or time, a situation called scope creep. Scope creep can occur due to many factors, including the cost of materials increasing from an original quote, labor taking more time than estimated, or an element being added that is considered an improvement or left out of the original plan. Assume you were recently hired as a Project Manager by the Government of Canada to develop a large eco-friendly amusement park in Toronto. The project failed to stay within time or cost estimates, and you believe it is because you failed to develop a Work Breakdown Statement (WBS). You were granted an additional $4M and one additional year to complete the project.

Problem 1. Develop a WBS to reflect the scope of this project, showing the dependencies of the activities.

Problem 2. Apart from preventing scope creep, what are some of the other benefits from having a WBS?

Problem 3. You realize you will also need a Schedule Management Plan. Describe what is a Schedule Management Plan and state why it is necessary to have such a plan.

Reference no: EM132951106

Questions Cloud

Explain in detail the concept of economics of logistics : Explain in detail the concept of economics of logistics and describe the errors and delays associated across the boundaries of logistics processes
What is the structure of the market : What is the structure of the market and does the business have pricing power? Is there sufficient product differentiation among the competitors?
What the anticipated cash inflow for the month of march is : What the anticipated cash inflow for the month of March is? The company's past experience indicates that 70% of the accounts receivable are collected
Are you increasing or decreasing net present value breakeven : When you spend more upfront (at the acquisition stage). Are you increasing or decreasing the net present value breakeven point?
Describe what is a schedule management plan : You realize you will also need a Schedule Management Plan. Describe what is a Schedule Management Plan and state why it is necessary to have such a plan.
Set up a worksheet with all the relevant numbers : For this assignment, you are to turn in an Excel workbook containing three sheets: 1 worksheet and 2 chart sheets. Please label the sheets as specified below. M
Compute the equivalent cost per unit : Compute the equivalent cost per unit. Compete the equivalent cost per unit assuming the ending inventory is considered to be 60 percent complete.
Describe the errors and delays associated across : Explain in detail the concept of economics of logistics and describe the errors and delays associated across the boundaries of logistics processes
How many rooms must be sold to breakeven : What day of the month does it break even if it averages a paid occupancy percentage of 60%? Assume all 100 rooms are available for sale each day.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Make the july production report for coating department

Prepare the July production report for the coating department. July work in process was 30 per cent cmplete as to conversion.

  Compute the residual income for each division

Three divisions of Jameson Co. report the following sales and operating data: Compute the residual income for each division

  Compute the residual income for the division

Average total assets of $4,100,000; sales of $4,525,000; cost of goods sold of $2,550,000; Compute the residual income for the division

  What is the total contribution margin for the combination

Find How many snowmobile engines and boat engines should Turbo manufacture? What is the total contribution margin for this combination?

  Include calculations for each model using

Dr. David Dunn, head of the radiology department at Grant Clinic Inc., is adding a new piece of diagnostic equipment to the department.

  Costing systems-job order vs processcost

Recognize which costing system? Job order or processcost? The following companies would primarily employ: (a) Quaker Oats, (b) Ford Motor Company, (c) Kinko's Print Shop, and (d) Warner Bros. Motion Pictures

  How much will you change the WIP account

You want to allocate the over application of 40,000 to above accounts. How much will you change the WIP account

  Find how much is total cash flow net of income tax in year

Find How much is the total cash flow net of income taxes in year 3? A corporation has provided the information below concerning a capital budgeting

  What is the value of the option

Your portfolio includes a call option on AS Peipsi Koola stock with an exercise price of 100 euros. What is the value of the option

  Determine the first department cost per equivalent unit

Determine the first department's cost per equivalent unit for materials, labor, and overhead for the month. (Round your answers to 2 decimal places.)

  Which method is used to compute its net cash provided

1.Refer to Polaris statement of cash flows in Appendix A.

  Determine the june direct manufacturing labor efficiency

Robb Industries Inc. (RII) developed standard costs for direct material and direct labor. Determine the June direct manufacturing labor efficiency variance

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd