Varying utilization plan, Project Management

Assignment Help:

Varying Utilization Plan

The utilization of workers is varied keeping it he workforce size and inventory size constant. The number of workers is kept constant in this plan. During the months of low demand the workers produce less so as to match the demand and they have a lot of idle regular production are produced by overtime on the part of workers. The idle time on the part of workers during months of low demand is a loss to the company which pays full wages to its employees. On the other hand the company incurs overtime costs during periods of high demand. Overtime is usually expensive compared to the regular wages given to workers. In addition. Excess overtime leads to less effectiveness on the part of workers and much more accidents because of lack of concentration. Still the company saves on inventory costs which are almost negligible in this plan.

These basic planning strategies should preferably not be used in isolation from each other as each one of these has typical drawbacks. A combination of these strategies is used in preparing the aggregate production plan.


Related Discussions:- Varying utilization plan

Benefits of having a clear mission for pv company, T has recently been appo...

T has recently been appointed as the new Chief Executive of PV Company which manufactures cosmetics and toiletries. She has spent the first three months meeting with her senior man

What are the major characteristics of a project, Question: (a) What ar...

Question: (a) What are the factors to consider while choosing an appropriate Project Management Structure? (b) What are the major characteristics of a Project? (c) Out

What are the processes of producing budgets, What are the processes of prod...

What are the processes of producing budgets? The process of producing budgets: • A budget manual is formed to provide instructions, delegate responsibilities, reporting line

Use of operational approach in development process, Q. Use of Operational a...

Q. Use of Operational approach in development process? It has been defined as the application of scientific methods, technology and tools to operation of system with optimum s

Strategies that a project manager implement to project risk, Explain TWO st...

Explain TWO strategies that a project manager might implement to address a project risk.   Risk avoidance - this strategy would be 'exiting the method that is giving rise to

Write short notes on earned value method, 1 Write short notes on Earned Val...

1 Write short notes on Earned Value Method (EVM) 2 What are the common features available in PM software packages? 3 A project should earn sufficient return on the investment

How is inventory procurement costs expenditure connected, How is Inventory ...

How is Inventory procurement costs expenditure connected? Inventory procurement costs that consists of expenditure connected along with as a. Its Receiving quotations b.

Privatisation of public sector included undertakings, What are included in ...

What are included in the privatisation of public sector undertakings? Privatisation of public sector undertakings: It is consisting of witnessed the trend toward opening

Explain role and nature of estimates in project management, Question 1: ...

Question 1: Discuss the major elements required in a project control system and explain how a control system can be developed. Question 2: (a) Explain the role and natu

Definitions of management, Definitions of management Several definition...

Definitions of management Several definitions of management have been given by different scholars. Mary Follet defined management as "having work done through others." Another

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