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Grainger Manufacturing Inc. produces outdoor grills. On March 31, the company had 120 grills in inventory. The company's policy is to maintain a grill inventory equal to 15% of next month's sales. The company expects the following sales activity for the second quarter of the year:
April 800 unitsMay 2,000 unitsJune 2,600 units
Sales for July and August are expected to be 1,800 units and 1,400 units respectively. Each completed unit of finished product requires 3 pounds of a heat resistant plastic material which costs $4.00 per pound. The company has determined that it needs 20% of next month's raw material on hand at the end of each month. The company had 600 pounds of plastic on hand at the end of March.
A. Prepare a production budget for the second quarter of the year.
B. Prepare a budget for the second quarter of the year showing the projected cost of the direct materials (plastic) that will be needed.
The benefits of developing and using the dashboard in your organization.
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.
Which communication techniques will you rely on to resolve potential disputes between these two directors?
Prepare a project risk document for an employee training program that I am developing.
Describe the importance of a project charter to the project manager.
Should you, as the project manager, try to control and calculate every contingency cost you can think of?
Separate tasks into sub-tasks, and a work package with stated durations and order of precedence. Manage project scope throughout the project life cycle.
You are preparing a project to lay fiber optic cable. The first task is to mobilize the team. You estimate this will take one week and cost $3000. The second task is to lay the cable.
Create a weeklong work schedule to meet the needs of the employees, the customers, and therestaurant.
Determine the latest current yield and promised yield for each. (for the promised yield use annual compounding). In addition, find the duration and modified duration for each bond.
What kinds of scheduling constraints are common? What factors might intervene between the plan and its execution to disrupt the resources assigned to the project?
Questionaire on Project Management
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