How would you monitor the costs of the project

Assignment Help Operation Management

Reference no: EM131875342

Question: General Ship Company General Ship Company has been building nuclear destroyers for the Navy for the last 20 years. It has recently completed the design of a new class of nuclear destroyer and will be preparing a detailed budget to be followed during construction of the first destroyer The total budget for this first destroyer is $90 million. The controller feels the initial project cost estimate prepared by the planning department was too low because the waste and spoilage allowance was underestimated. Thus, she is concerned that there may be a large cost overrun on the project and wants to work closely with the project manager to control the costs. Question: How would you monitor the costs of this project?

Reference no: EM131875342

Questions Cloud

Explain the human resource management function : Generally, what has influenced the Human Resource Management function over the past ten years toward serving in the role of a strategic partner or leader.

When interest rates change than does the shorter-term bond : Why does the longer-term (15-year) bond fluctuate more when interest rates change than does the shorter-term bond (1-year)?

Sales forecast based on external data : Sales forecast based on external data. Raspberry Phones uses external data to forecast the coming? year's sales.

What are the general wage concerns : What are the general wage concerns that management and employee representatives bring to the negotiating table? Why do workers try to negotiate wage employment.

How would you monitor the costs of the project : General Ship Company General Ship Company has been building nuclear destroyers for the Navy for the last 20 years. It has recently completed the design.

Save money to meet three objectives : Bilbo Baggins wants to save money to meet three objectives.he would like to purchase a cabin in Rivendell in 10 years at an estimated cost of $375,000.

Current effects on cash flows and transaction exposure : Current effects on cash flows: How should appreciation of a firm's home currency generally affect its cash inflows? Transaction exposure.

What contingency planning could be done to avert the impact : Identify major problems that could prevent your accomplishment of your objective? What contingency planning could be done to avert or minimize their impact?

What reasons are there for a biotech startup : During the first year or two of its existence, what reasons are there for a biotech startup to engage in any sort of strategic planning?

User Account

All Pages