How measures are interpreted with operations management, Operation Management

Assignment Help:

Your project to obtain charitable donations is now 30 days into a planned 40-day project. The project is divided into three activities. The first activity is designed to solicit individual donations. It is scheduled to run the first 25 days of the project and to bring in $25,000. Even though we are 30 days into the project we still see that we have only 90% of this activity complete. The second activity relates to company donations and is scheduled to run for 30 days starting on day 5 and extending through day 35.We estimate that even though we should have (25/30) 83% of this activity complete, it is actually only 50% complete. This part of the project was scheduled to bring in $150,000 in donations. The final activity is for matching funds. This activity is scheduled to run the last 10 days of the project and has not started. It is scheduled to bring in an additional $50,000. So far $175,000 has actually been brought in on the project. Calculate the schedule variance, schedule performance index, and cost (actually value in this case) performance index. How is the project going? Hint: Note that this problem is different since revenue rather than cost is the relevant measure. Use care in how the measures are interpreted. Operations Management


Related Discussions:- How measures are interpreted with operations management

Define what will be the average number of jobs in the system, A single mach...

A single machine work center has five jobs assigned to it. They are labelled, in the order of their arrival in the shop, as jobs A, B, C, D and E. The work center may work on only

Explain risk management, Risk management is exposure to the consequences of...

Risk management is exposure to the consequences of uncertainty culture, processes and structures directed towards the management of potential opportunities determining if risk is t

Explain spread harmful rumours gossips uses bad language, Sara spread harmf...

Sara spread harmful rumours gossips uses bad language and lack civility in relationship while at work/ in which of the following is sarah engaging in/1.proert deviance/ 2 productio

Explain average inventory level, 1. Custom Computers, Inc. assembles custom...

1. Custom Computers, Inc. assembles custom home computer systems. The fan assemblies needed are bought for $24 each and are ordered in quantities of 1500 units. Annual demand is 75

Explain operational management strategy for a company, Identify how the cha...

Identify how the changes in the internal envirobnebt affect the Operational Management strategy for a company. For example, what impact are the following factors likely to have on

Explain forecast for october percent of capacity, A dry cleaner uses expone...

A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 50 percent of capacity; actual usage was 52 percent of cap

Explain car lots wants to enforce the contract, Wally and Beaver were gener...

Wally and Beaver were general partners in a car dealership. Using the partnership name, Wally entered into a contract to purchase 30 used cars from Car Lots. Car Lots was not aware

Essentials of management, write and explain the essentials of management gi...

write and explain the essentials of management giving practical examples

Evaluate the statement work center to minimize idle time, Evaluate the stat...

Evaluate the statement: "In lean operations, when work is completed at one work center, it is important to immediately move the completed work to the next work center to minimize i

Explain assemble a computer mouse, You have been asked to set up an assembl...

You have been asked to set up an assembly line to assemble a computer mouse. The precedence network is shown below; task times in minutes are given in parentheses. There are 480 mi

Write Your Message!

Captcha
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