Project management methodology

Assignment Help Business Management
Reference no: EM133080676

Read the Case " Post Graduation Adventure " at the end of Chapter 5 and respond to the following questions : Josh and Mike met each other as roommates during freshmen year at MacAlister College in St. Paul, Minnesota. Despite a rocky start they became best friends. They are planning on going on a two-week adventure together to celebrate their graduation in June. Josh has never been to Europe and wants to visit France or Spain. Mike spent a semester abroad in Aarhus, Denmark, and traveled extensively in northern Europe. Even though he never went to France or Spain, Mike wants to go to some place more exotic like South Africa or Vietnam. For the past week they have been arguing back and forth over where they should go. Josh argues that it will cost too much to fly to South Africa or Vietnam, while Mike counters that it will be much cheaper to travel in Vietnam or South Africa once they are there. Each of them agreed that they can spend no more than $3,500 each on the trip and could be gone for only two weeks.

Assume you are either Mike or Josh, how would you go about making a decision using project management methodology?

Looking first at only cost, what decision would you make?

After cost, what other factors should be considered before making a decision?

Reference no: EM133080676

Questions Cloud

Strengths in capital asset pricing model : You are the chief financial officer (CFO) of a multi-physician clinic. Do you see weaknesses or strengths in the capital asset pricing model (CAPM)?
What do you predict the exchange rate will be in one year : The inflation rate in the United States will be 2.6 percent per year. It will be 4.5 percent in Hungary. What do you predict exchange rate will be in one year
Record the journal entry for the repayment of the trade note : On July 1, 2019, Bazarist Inc. issued a $1000 trade note to a supplier to purchase inventory. Record the journal entry for the repayment of the trade note
Ways of increasing the surplus product : What are some ways of increasing the surplus product in any economic system? Explain in 200 words.
Project management methodology : Assume you are either Mike or Josh, how would you go about making a decision using project management methodology?
Calculate the product sales price : A design study has just been completed for a chemical plant. The economic parameters relevant to the project include the following items:
Contrast the surplus approach : Contrast the Surplus Approach and the Neoclassical approach to Economics.
What the entry on august for logan company : On August 10, Logan makes the appropriate payment to Claude. What the entry on August 10 for Logan Company which uses perpetual inventory system
Evaluate the impact law or regulation : Evaluate the impact the law or regulation selected has on the health care industry. Analyze the role accreditation and regulatory agencies play in the law

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

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