Understand benefits of developing and implementation plan

Assignment Help Financial Management
Reference no: EM131487835

Overview

A successful problem-solving process does not end when an effective solution is identified. To achieve the desired organizational and stakeholder outcomes, it is necessary to develop and manage a plan to implement the solution. There are some terrific tools for managing projects and communicating project status. This activity will provide an opportunity to practice with those tools and techniques.

Objectives

· Understand the benefits of developing and following an implementation plan.

· Gain practice using the Gantt chart, a commonly-used approach for project management.

Materials

A PC and one of the Project Management software packages from the course website

Instructions

1) As a group, choose one of the following two sample projects:

a. A term long research paper – such as the paper for BA 301.

b. A wedding.

2) Identify the major activities necessary for successful completion of the project. The best way to describe activities is using active verbs that describe specific activities. For example, “search web and library databases” is preferable to “go to library” or “literature is reviewed”.

3) Estimate the amount of time each of the activities listed in 2) will take to accomplish – in weeks.

4) Prepare a rough Gantt chart by hand in which the activities are listed in order, taking one row each – as shown in class. Again, use weeks for the time scale.

5) Discuss and list ways that a Gantt chart can be useful in the solution implementation phase of the problem-solving process. Keep notes on this discussion.

6) Finally, and you can do this after class, take the data from the preceding effort and enter it into one of the Project Planning software packages available on the website. Create a Gantt chart and post it in the forum.

Reference no: EM131487835

Questions Cloud

Calculate the average gdp growth rate : Valuating: General Electric Co. (Medium) General Electric Co. reported a per-share book value of $10.47 in its balance sheet on December 31, 2004.
Develop a closure checklist that the project team will use : Closure checklist and project evaluation - Develop a closure checklist that the project team will use to ensure that the project has been closed properly
Prepare form 1040 for the tallos : Prepare Form 1040 for the Tallos for 2016. The Taxpayers had qualifying health care coverage at all times during the tax year.
Conceptual frameworks of the ethical constructs of ethics : Provide information regarding conceptual frameworks of the ethical constructs of ethics, moral, or legal standards and the purpose of the paper.
Understand benefits of developing and implementation plan : Understand the benefits of developing and following an implementation plan.
Knowledge of us history : Based on the readings and your knowledge of U.S. history, which three events do you feel were most important in shaping the labor relations system?
Is the p-b ratio justified by the forecasted roce : Valuing Dividends or Return on Equity: General Motors Corp (Easy) In April 2005, General Motors traded at $28 per share on book value of $49 per share.
Benefits and limitations of approach for us labor movement : In a 2-3 page essay, discuss the benefits and limitations of this approach for the U.S. labor movement today.
What does your analysis tell you about long-run growth rate : Converting Analysts; Forecasts to a Valuation: Nike, Inc. (Medium) Nike reported book value per share of $15.93 at the end of its 2008 fiscal year.

Reviews

Write a Review

Financial Management Questions & Answers

  Policies have on the company cash conversion cycle

Edison Inc. has annual sales of $36,500,000, or $100,000 a day on a 365-day basis. The firm's cost of goods sold is 75% of sales. On average, the company has $9,000,000 in inventory and $8,000,000 in accounts receivable. She also anticipates that the..

  Bond currently sells

A bond currently sells for $887 even though it has a par of $1,000. It was issued two years ago and had a maturity of 10 years. The coupon rate is 7% and the interest payments are made semi annually. What is its YTM?

  Degree of financial leverage of rat race home security

what is the degree of financial leverage of Rat Race Home Security, Inc.?

  The value of underwood transcontiental corp stock

Underwood transcontiental corp pays an annual dividend rate of 8.20 on its preferred stock that currently returns 10.99% and has a par value of $100.00. what is the value of underwood transcontiental corp stock?

  Annual investments in a fund

Suppose you make 30 annual investments in a fund that pays 4% compounded annually. If your first deposit is $9,000 and each successive deposit is 4% greater than the preceding deposit, how much will be in the fund immediately after the 30th deposit?

  Describe various forms of internal and external threats

Describe various forms of internal and external threats to an organization. Describe methods to detect internal and external threats to the organization. Evaluate methods to protect the organization from internal and external threats.

  What is the net profit or loss on this investment

You purchased six call option contracts on ABC stock with a strike price of $32.50 when the option was quoted at $1.80. The option expires today when the value of ABC stock is $34.60. Ignoring trading costs and taxes, what is the net profit or loss o..

  What is the difference between the revenue and variable cost

Sandira Industries is a producer of devices used in the jet industry. Normal production level is 60 pics per month, but due to improved economic conditions in China, production is at 72 per month. What is the difference between the revenue and variab..

  Directly increase cash shown on firms balance sheet

Which of the following actions are most likely to directly increase cash as shown on a a firm's balance sheet?

  Firm recently purchased a new facility costing

A firm recently purchased a new facility costing $962 thousand. The firm financed this purchase with an amortized loan at an interest rate of 9.7 percent APR, with monthly payments of $16.1 thousand. How long will it take to pay off this loan? (Enter..

  What is your total return on this investment

Suppose you are a U.S. investor who is planning to invest $245,000 in Japan. You do so at a starting exchange rate of 85.48 ¥/$. Your Japanese investment gains 8.20 percent, and the ending exchange rate is 83.76 ¥/$. What is your total return on this..

  What is the amount that realized on the sale

Anne sold her home for $290,000 in 2015. Selling expenses were $17,400. She purchased it in 2009 for $200,000. During the period of ownership, Anne had done the following: Deducted $50,500 office-in-home expenses, which included $4,500 in depreciatio..

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