...Running Header: Indoor Theme Park Project CP-2 Indoor Theme Park Project October 5, 2011 Project Cost and Schedule Control, PM 592 Introduction The new indoor theme park project was initially planned for duration of 180 Days with a start date of April 14, 2008. The preliminary cost was $4,846,920. The indoor theme park attraction includes a Ferris Running Header: Indoor Theme Park Project Wheel, Ropes Course, Climbing Wall, Carousel, Bowling Alley, Go Carts and Mini Golf. The final walk through is scheduled on December 18, 2008 with a grand opening on December 19, 2008. This report has been prepared to evaluate the cost and schedule of the indoor theme park project. The project data was utilized to produce a project schedule representing the project at a specific point during implementation. Microsoft Project is the tool selected to perform the project monitoring and control. Executive Summary It has been nearly 5 months since the commencement of the indoor theme park project and 40% of the tasks are complete. The AC (Actual Cost) is not provided so it is presumed that costs are in control and there are no plans to take corrective actions to control costs at this point in time. There are many tasks behind schedule. The entire project is behind schedule with a Performance Index of 0.68. This indicates that for every $1 spent on this project there is only an efficiency of $0.68 value. There are corrective actions that can be implemented to turn this project around and...
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...CP-2 Indoor Theme Park Project October 5, 2011 Project Cost and Schedule Control, PM 592 Introduction The new indoor theme park project was initially planned for duration of 180 Days with a start date of April 14, 2008. The preliminary cost was $4,846,920. The indoor theme park attraction includes a Ferris Wheel, Ropes Course, Climbing Wall, Carousel, Bowling Alley, Go Carts and Mini Golf. The final walk through is scheduled on December 18, 2008 with a grand opening on December 19, 2008. This report has been prepared to evaluate the cost and schedule of the indoor theme park project. The project data was utilized to produce a project schedule representing the project at a specific point during implementation. Microsoft Project is the tool selected to perform the project monitoring and control. Executive Summary It has been nearly 5 months since the commencement of the indoor theme park project and 40% of the tasks are complete. The AC (Actual Cost) is not provided so it is presumed that costs are in control and there are no plans to take corrective actions to control costs at this point in time. There are many tasks behind schedule. The entire project is behind schedule with a Performance Index of 0.68. This indicates that for every $1 spent on this project there is only an efficiency of $0.68 value. There are corrective actions that can be implemented to turn this...
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...Course: PM 592 Assignment: Course Project CP-1 Executive Summary Totally Amused, Inc, is a hotel and water theme park innovator which burst into the amusement industry only 10 years ago and has made several big splashes with successful property/facility introductions in multiple states since then. However, the amusement park industry is extremely competitive, so each new venue is built bigger and better than the next to maximize customer enjoyment and park ticket sales. Totally Amused is looking to take its current indoor and outdoor water park locations to the next level, venturing into an area that is not all too familiar. Management is considering a big move into the indoor theme park market. Although water parks and traditional theme parks have their similarities, they have many differences. The project consists of a new 100,000 sq. ft. building which will annex onto one side of an existing building. The indoor facility will feature a first-of-its-kind two-level go kart track, a six-story Ferris wheel (enclosed in glass), 24 lanes of bowling, mini golf, a four-story rope course, and scores of arcade games. Although this new venture sounds like a walk in the park, an important decision is at hand! The project has reached the 50% scheduled completion stage and a control evaluation is being undertaken to analyze the performance of the project and to recommend corrective measures to support the continuation of the project. The project, which commenced on April 4, 2008...
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...CP-2 Theme Park PM592 Project Cost and Schedule Control Oct 21, 2012 Introduction The construction of the new theme park project is laid out for 180 days of construction to finish. This project has a start Date of Monday April 4, 2008. The preliminary cost is $4,449,920.00 and with a completion date of December 19, 2008. The theme park will include a Ferris wheel, Rope course, Climbing walls, Carousel, Bowling, Go carts, and a Mini golf. The desired walk through date is December 18, 2008 with a grand opening on December 19, 2008. Executive Summary It has been 6 months since the start of the project and we now have 40% of the tasks complete. The actual cost so far to date is $1,230,683.00. There are many of the scheduled tasks behind in this schedule. The entire project thus far is behind schedule with a work performance index of .66 and 12% behind schedule. There are corrective actions that can get this project beck on schedule at minimal cost. This project should not be abandoned and should continue forward with the support of the investors. Schedule 1 This data is being supplied from MS Project. The WBS includes all work that has to be done to complete the project from start to finish. The current WBS includes all the data and baseline, review date and the current date is set to October, 1, 2008. The project start date is April, 14, 2008. Nearly 6 months into the project it is set at 40% complete. This shows the project is behind schedule. The...
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...1. Executive Summary [Work in progress] 2. Situation Analysis and Service Description Bike sharing is a global phenomenon booming across continents. North America markets are now catching up to their European and Asian counterparts with service in more than 30 cities. In the U.S., service rapid growth has led to multiple implementations in major metro areas and many more cities are considering adaptation. The success in recent growth can be attributed to city infrastructure improvements of dedicated biking lanes, public transportation authorities’ extension of service coverage, and most importantly, consumer awareness of health and environmental benefits derived from riding instead of driving. Table . Major U.S. metro markets[?] |CITY |LAUNCH YEAR |STATIONS |NUMBER OF BIKES | |NEW YORK, NY |2013 |332 |5850 | |WASHINGTON, DC |2012 |300 |2500 | |BAY AREA, CA |2013 |70 |700 | |BOSTON, MA |2011 |140 |1301 | |CHICAGO, IL |2013 |400 |4000 | |COLUMBUS...
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...LOCKHEED TRI STAR Analysis & Recommendations Toby Odenheim 10‐OCT‐2013 Executive Summary With the L-1011 Tri Star program, Lockheed, well respected for military aircraft contracts, started to move into the civilian commercial aviation sector in direct competition with Airbus, McDonnell Douglas and Boeing. By 1971, having already invested $700 million in development costs, Lockheed was struggling with cash flow and sought $250 Million in federal loan guarantees, funding which was needed to complete development. Despite Lockheed’s assertion to the contrary, NPV analysis demonstrates that the project was never financially viable. However, given the sunk costs, Lockheed’s best option is to continue with production to minimize the project loss. Continuing to production yields an expected NPV loss of $584 million (assuming estimated sales of 210 aircraft) versus a loss of $900 million if production is scrapped outright. Recommendations: Secure the needed $250 million in funding to complete R&D and move into production. Pursue every option possible to boost total sales, including o Adding an option to lease the aircraft rather than purchase outright. This could help more customers afford the L-1011 thereby driving up sales on reducing unit production costs. o Pursue possible sale of the L-1011 to military and (international) government buyers, rather than focuses exclusively on the commercial market. o Attempt to voluntarily...
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...Contents 1. Introduction 3 2. External Analysis 3 2.1 PEST 3 2.2 PEST Analysis Overview 6 3. Internal Analysis 7 3.1 SWOT Analysis 7 3.2 Implications of Assessment 9 4. Industrial Analysis 10 4.1 Perceptual Map of Disneyland Hong Kong & its competitors 10 4.2 Porter’s 5 Forces 11 4.3 Porter’s 5 Forces Overview 14 5. Objectives 15 6. Strategy 15 6.1 Ansoff Growth Matrix 16 6.2 Position 17 6.3 Reposition 18 6.3.1 Sun Tzu Art of War Strategy 19 6.3.2 Attack Overview 23 Contents 7. Proposed Activities & Budget 24 8. References 28 Executive Summary Based on the case study ‘Export of American Fantasy World to the Chinese’, the authors critically analyzed the internal and external environment of Disneyland Hong Kong. Outlining the key strategic issues that the company has to deal with and providing recommendations of what Disneyland Hong Kong could do in order to once again achieve competitive advantage. 1. Introduction Disneyland Hong Kong having opened for over 10 years is still facing major problems until today. Over the years Disneyland Hong Kong constantly dealt with issues regarding social responsibility, negative publicity and competition with Ocean Park. Despite its current situation, Disneyland Hong...
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...Table of Content Introduction/Overview……...………………………………………………….........2-3 Strengths...………………………………………………………………………......3-4 Weaknesses...……………………………………………………………..…………...4 Opportunities…………………………………………………………………….......4-5 Threats…….……………………………………………………………..………….....5 External Factors Impacting Decisions………………………………………………5-7 Possible Future Scenarios…………………………………………………………...7-8 Recommendations for Changes in Culture, Leadership, and/or Structure…………..8-9 Summary/Conclusions………………………………………………………………...9 Reference…………………………………………………………………………10-11 Introduction/Overview To start a company, a person or group of people must realize that it is a bumpy ride from the beginning, and that only those who are prepare enough will succeed. They have to follow multiple rigorous steps and come up with innovative strategies to prove that they have what it takes to be successful in the business. Pfizer Inc. is a company that has proven itself throughout time. They are the world’s largest research based pharmaceutical company and were also recognized by Fortune magazine as the world’s largest pharmaceutical company by profit and second largest by revenue, only next to Johnson and Johnson (Fortune, 2013). Pfizer Inc. have evolve throughout the years along with science and have been responsible for the discovery and marketing of some of the world’s most innovative drugs like, Lipitor (use to decrease cholesterol), Lyrica (use for treatment of fibromyalgia), Zithromax (a renown antibiotic)...
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...Inflatable Amusement Ride Safety An Interactive Qualifying Project Proposal Submitted to the Faculty Of the WORCESTER POLYTECHNIC INSTITUTE In partial fulfillment of the requirements for the Degree of Bachelor of Science by ____________________________ Joseph Sceviour ____________________________ Jennifer Hosker ____________________________ Courtney Hardy In partnership with the United States Consumer Product Safety Commission. In cooperation with: Mark Kumagai Director, ESME Directorate for Engineering Sciences U.S. Consumer Product Safety Commission ____________________________ Professor El-Korchi, Co-Advisor ____________________________ Professor Servatius, Co-Advisor Unless otherwise stated, any views or opinions expressed in this report are solely those of the authors and do not necessarily represent those of the U.S. Consumer Product Safety Commission or Worcester Polytechnic Institute. Submitted on: 1/11/2006 1 Abstract This report, prepared for the U.S. Consumer Product Safety Commission (CPSC) of Washington, D.C., outlines our approach to investigating the increase in injuries related to inflatable amusement rides. Using data from surveys, interviews, injury databases, archival research, and product testing, we completed three goals: We developed a five category system to classify inflatable amusement rides; determined ways the CPSC and other involved parties can improve the safety of inflatable rides; and recommended how future CPSC investigations...
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...STATEMENT OF CASH FLOWS Cash flows are critical to a company’s success because among other things they measure the ability of a business to generate cash internally. Positive cash flows allow a company to meet its obligations with creditors and suppliers, take advantage of investment opportunities, replace assets, negotiate better pricing in purchases, and pay dividends; all these without the need of incurring in external financing. Net cash flow needs to be distinguished from Net Income, which includes accounts receivable, accounts payable and other items for which payment has not been received or made (Accruals). Cash flow is used to assess the quality of a company's income; that is, how liquid it is, which can indicate whether the company is positioned to remain solvent. Net income (Income statement) measures a company’s financial results after business operations and financing activities, and it is crucial for investors as this is the statement that determines if overall a business is profitable or not. But because most companies use the accrual accounting method (which I will not explain on this paper), the income statement may not reflect actual changes in cash position. This is why investors should not rely only on this statement to make decisions as should use it only as one “indicator” of revenues minus costs, but it does not give the whole picture of a company’s financial health. It is important for investors and management to analyze the four main financial statements...
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...apps, we make cities more accessible, opening up more possibilities for riders and more business for drivers. From our founding in 2009 to our launches in hundreds of cities today, Uber’s rapidly expanding global presence continues to bring people and their cities closer. — From the Uber website, November 2015 In late 2015, Uber was among the most high-profile new companies of its generation. Founded just six years ago, the company connected passengers to drivers at an unprecedented scale, using point-topoint software enabled by smartphone technology. Customers raved about Uber’s reliability and convenience. The breathtaking efficiency of its value proposition had fueled astonishing growth: It was now said to be booking 2 million1 rides a day, and although it did not report revenues as a private company, analysts estimated Uber’s net commission from drivers would come in between $1.5 billion and $2 billion2 in 2015. But if there was an adage about disruptive technology companies—”move fast and break things”— few companies embodied this adage better than Uber. Not only did the company endure frequent customer criticisms about its surge pricing policy, Uber was constantly battling government regulators, taxi companies, and critics who charged that they were playing fast and loose with the legal system. Barry Korengold, President of the San Francisco Cab Drivers Association, described Uber this way: “I think of them as robber barons. They started off by operating illegally...
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... | Table of Contents I. Overview 3 II. Positioning and Value Proposition 3 III. Brand Identity 13 IV. Market Segmentation 19 V. Financial Information, Industry Reports and Recent Press 26 VI. 7 P’s: What to emulate, what to improve 30 VII. Appendices 35 VIII. Endnotes 37 Overview According to a 2011 report, the amusement park and arcade industry in the United States includes about 3,000 establishments and boasts combined annual revenue of roughly $13 billion. Close to 85% of the combined annual revenue is generated by the 50 largest companies in the industry. Three of the largest companies include Walt Disney, SeaWorld, and Universal Parks & Resorts.[i] This analysis places...
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...that products remain at the best they can be for consumers. In doing this, we will concentrate on pricing, product placement, positioning, and most importantly promotion. Promotion has continued to drive the business and this plan will focus on it continuing to do so for years to come. Company Background & Milestones: It all began in 1898. Goodyear’s founder, Frank A. Seiberling, purchased the company’s first plant with a $3,500 down payment. With just 13 employees, Goodyear production began with a product line of bicycle and carriage tires, and horseshoe pads. Since the first bicycle tire in 1898, Goodyear pedaled its way toward becoming the world’s largest tire company, a title it earned in 1916 when it adopted the slogan "More people ride on Goodyear tires than on any other kind," becoming the world’s largest rubber company in 1926. Today, Goodyear measures sales of nearly $20 billion. Goodyear is currently the No. 1 tiremaker in North America and Latin America. Goodyear is also Europe's second largest tiremaker. In 2011, Goodyear posted net sales of $22.8 billion, up 21% over 2010. Net income available to common shareholders was $321 million in 2011. Goodyear operates 53 plants in 22 countries. Together with its subsidiaries and joint ventures, Goodyear develops markets and sells tires for most applications. PART I: THE BUSINESS Mission Statement: Constant improvement in our products and services to exceed the expectations of our customers and people. Vision Statement:...
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...Eagle Tours Case Case Description Eagle Tours is a travel services marketing and development company. It organizes domestic and international trips and cruises for businesses and consumers. It competes by providing very knowledgeable and enthusiastic sales people, excellent tour guides and tour coordinators service at a competitive, but not the cheapest price. The Mall Stores and Marketing Eagle has 5 travel stores in large Malls in metro areas of the U.S. The mall stores are places where people can come to get brochures about vacation products and where they can buy vacation products. One of the challenges that Eagle had was that it was unable to attract young people to come in the mall stores and to buy products. How can it create a gathering place for people who love talking about their “trips”. Susan, the marketing manager believes that: “Eagle needs to create a real buzz for our trips. To do this we have to improve our marketing activities and reach more people in their 30s and 20s. It would be great if we could transform our mall stores into an engaging environment for learning from and interacting with customers. Also, it has also been impossible for us to keep our sales people busy during the day. They have little to do during the day, but during the evening customers have to wait 30-45 minutes to ask our sales consultant questions. We are losing customers because they leave before we can talk to them. We offer free coffee and TV programing to customers,...
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...Eagle Tours Case Case Description Eagle Tours is a travel services marketing and development company. It organizes domestic and international trips and cruises for businesses and consumers. It competes by providing very knowledgeable and enthusiastic sales people, excellent tour guides and tour coordinators service at a competitive, but not the cheapest price. The Mall Stores and Marketing Eagle has 5 travel stores in large Malls in metro areas of the U.S. The mall stores are places where people can come to get brochures about vacation products and where they can buy vacation products. One of the challenges that Eagle had was that it was unable to attract young people to come in the mall stores and to buy products. How can it create a gathering place for people who love talking about their “trips”. Susan, the marketing manager believes that: “Eagle needs to create a real buzz for our trips. To do this we have to improve our marketing activities and reach more people in their 30s and 20s. It would be great if we could transform our mall stores into an engaging environment for learning from and interacting with customers. Also, it has also been impossible for us to keep our sales people busy during the day. They have little to do during the day, but during the evening customers have to wait 30-45 minutes to ask our sales consultant questions. We are losing customers because they leave before we can talk to them. We offer free coffee and TV programing to customers...
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