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Q1) Assume you work for a medium sized manufacturing company that's has $10 million for capital projects for this year, and you work in one of the following departments (Choose only one). You're asked to provide a proposal for why the company should allocate the $10 million to your department. Here's the scenario:
1. Sales department--$10,000,000 needed to setup a new sales office and add an additional warehouse on the West Coast to expand distribution and increase sales.
2. Production department--$10,000,000 needed to purchase new equipment and redesign the manufacturing facility to reduce product costs and improve quality.
3. Planning department--$10,000,000 needed to acquire a small competitor that has some good products that will complement your company's product offering.
What are the activities involved as the project manager in relocating a company. (I am looking for a breakdown of the process involved.)
Describe a situation where you could see using the Incremental Project Management Life Cycle.
Develop a cost analysis of the above items relating to the library project so we have hard numbers to work with and have a monetary value for reporting and audit purposes.
What are the risks (adverse effect) that are introduced by this change in plans?
What are the five reasons productivity is difficult to improve in the service sector?
Identify the applicable decision concepts (theories, principles, paradoxes, etc.) from our learning all semester (not just the group decision concepts identified in Unit 5) that your group believes.
Before we go into the merits of different approaches we will view the following stages though which every project goes through.
Correlation of the project cash flows with cash flows from currently existing projects. Cash flows are not correlated with the cash flows from existing projects.
As project manager, what would you do to estimate a project's time and costs when there are so many unknowns?
What are the differences between qualitative and quantitative risk analysis? Explain.
Describe which three of these investment criteria you recommend for use at your current (or a former) company for the selection of investment projects.
How does the new duration compare with the estimated completion date generated from Part 1? What does this tell you about the impact resources can have on a schedule?
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