GAC5010 Performance Management Assignment

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Reference no: EM132532838 , Length: word count:3000

GAC5010 Performance Management Assignment - Gulf College, Oman

Assessment Task - Ahmed Ali, the operations manager of Muscat Traders, is not fully convinced that he will be removed from his post any time soon. After he received a letter from the CEO asking for clarifications on the various major decisions he made, he felt that everyone is just perplexed by the implementations of the various performance management tools. He was given by the CEO three days for complete explanation. He hired you as a consultant on this matter. The details are attached were made clear by Ahmed Ali.

Prepare a report for Ahmed Ali addressing the following:

1. Concerns on production process and procedures: (600 words)

a. Discuss the specific aims and applications of Business Process Re-engineering.

b. Discuss the specific aims and applications of Lean Management.

c. In terms of small-scale productions, discuss the appropriate performance management measures.

2. Concerns on limited resources: (1000 words)

a. Critically analyse the factors affecting limited resources in production management.

b. Based from the given data, prepare a production budget that will yield maximum profit from the material available.

c. Based from your production budget, explain the reasons for unequal production of bed sheets.

d. Discuss measures to maximize profit with limited resources.

3. Concerns on production costing: (1000 words)

a. Discuss the application of variable costing and absorption costing in manufacturing industries.

b. Based from the given data, prepare the income statement using the variable and absorption costing.

c. If Ahmed Ali decides to reduce the selling price of the product to OMR 3, prepare the income statement using both the costing methods.

d. Discuss whether the decision to reduce the selling price is favourable or unfavourable.

4. Recommendation (400 words)

a. Prepare a summary report identifying the major decisions made by Ahmed Ali. State your stand, whether the decision is justified or not.

b. Discuss the implications of the CEO's actions on the performance of Ahmed Ali as production manager.

References - Use at least 5 sources preferably refereed accounting journals and books or e-books. Use the proper Harvard referencing style adopted by Gulf College.

Attachment:- Performance Management Assignment File.rar

Reference no: EM132532838

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