Premium Essay

Conference

In:

Submitted By siree123
Words 314
Pages 2
The Cost Variance tells us that how much we are over or under budget. The Cost Variance (CV) is a measure of the cost performance of the project.

 If the Cost Variance (CV) is positive, this means we are under budget.
 If the Cost Variance (CV) is negative, this means we over budget.

In the earned value reporting system for projects, we are concerned with knowing how our project is doing with respect to the amount of money being spent and the accomplishments being achieved. The measure for this comparison is the cost variance.
To compute the cost variance, we compare the work that was actually completed to the actual amount spent to accomplish it. This means that we will be comparing the budgeted cost of work performed, the BCWP, with the actual cost of work performed
People always have trouble remembering these things. They get them mixed up and end up having a positive variance when they are really having a negative variance. It is good to remember that bad variances are always negative and good variances are always positive. If we consider that completed project tasks have an actual cost that is less than what was planned for, we could say that this is a good variance and it should have a positive value. If, on the other hand, we have spent more to accomplish our tasks than the plan allowed for, we could say that this is a bad condition and our variance will be a negative number. Of course "good" and "bad" must be qualified. Just because we have a positive cost variance does not always mean something good. If our cost variance is positive and we have left out some of the required work it would not be such a good thing. A good rule of thumb is that any variances, whether positive or negative, should be

Similar Documents

Premium Essay

Potsdam Conference

...Source 1: “The Potsdam Conference, 1945 - 1937–1945 - Milestones - Office of the Historian." The Potsdam Conference, 1945 - 1937–1945 - Milestones - Office of the Historian. N.p., n.d. Web. 20 Dec. 2015. The participants were President Harry S. Truman, Premier Joseph Stalin, and Prime Minister Winston S. Churchill. They agreed on setting up a Council of foreign Ministers to organize the rebuilding of Europe, ban Nazi Party, reduce the size on Germany, divide Germany into 4 zones administered by the USA, USSR, Britain, and France. Also, they agreed on dividing Berlin as well. Source 2: "Harry Truman and the Potsdam Conference." Harry Truman and the Potsdam Conference. N.p., n.d. Web. 10 Jan. 2016. The Potsdam Conference lasted from July 16 to August 2nd. Truman, Stalin, and Churchill discussed the problems that were occurring in Germany, and how they were going to face them. Truman has an Atomic bomb that can be put to use on Japan. Source 3: Lazo, Caroline Evensen. Harry S. Truman. N.p.: n.p., n.d. Print. Churchill and Truman knew that the military might of the Soviet Union was defeated by Germany. Both leaders were concerned that Stalin had intended to take over as much of Eastern Europe as possible. At the Potsdam Conference, Harry Truman was privately informed that the atomic bomb had been successfully tested at Alamogordo, New Mexico, on July 16. Source 4: O'Neal, Michael. President Truman and the Atomic Bomb: Opposing Viewpoints. San Diego, CA: Greenhaven...

Words: 294 - Pages: 2

Premium Essay

Simulated Press Conference

...Simulated News Conference Introduction Crisis: Since the onslaught of the new mandates in the nation to make four year state colleges more viable, the Federal Government has cut funding to two year institutions as well as schools termed schools of proprietary education. Because of this failure to consider the entirety of the population that wants to attend college, the Federal Government has called chaos among in the Technical as well Proprietary education world. The lack of consideration of those who attended a four year institution has caused a very big part of the population to fail college or just not attend. The decision to cut funding has also trickled into Financial Aid Arena. Most students attending proprietary institutions of higher learning depend on Pell Grants and Federally Guaranteed Student Loans to pay for college. Since the decision to cut funding for the technical and proprietary college, the Federal Government is more critical and strict with the giving of Pell Grants and the Guaranteeing of Student Loans. This has caused a major dilemma in terms of the recruiting students to attend these types of institutions. The Admission Representatives can no longer use Financial Aid as a selling point. The lack of students, even greater the lack of students, who can pay, has caused a downward shift on the income statement of these institutions. Given that the proprietary institution serves a portion of the populace not otherwise serviced by the four year state...

Words: 1515 - Pages: 7

Premium Essay

Yalta and Potsdam Conference

...a. What was decided at the Yalta Conference? The Yalta Conference was held in the Crimea in Feb 1945. It was attended by Stalin, Roosevelt and Churchill. At the time, it was seen as a great success because agreement was reached on a wide range of topics: * The UN should be set up * Germany was to be divided into 4 zones; initially USA, UK, Russia but France was added later * Similar agreements were made in Austria * Free elections were to be held in all Eastern European countries * Stalin agreed to enter war against Japan on condition that they gained Sakhalin Island and parts of Manchuria. But, there were also signs that they were unlikely to agree over Poland. When Russia had swept through Poland, pushing the Germans back, they had set up a communist government in Lublin, even though there was a Polish government in exile in London. It was agreed at Yalta that some of the exile government should join the Lublin government, and in return, the Russians would be allowed to keep a ‘strip’ of Eastern Poland. But Roosevelt and Churchill refused to agree to Stalin’s demands that Poland should be given all of the land east of the Oder-Neisse Line. b. Why was there so much mistrust between the east and the west in 1945? At this time, Stalin was hungry for Power and he wanted to take control of any country he could, no matter the consequences. During the Yalta Conference, Russia had set up a communist government in Lublin even though there was a Polish government...

Words: 1260 - Pages: 6

Free Essay

Conference of Rulers in Malaysia

...CONFERENCE OF RULERS IN MALAYSIA The Conference of Rulers (Durbar), also known as theCouncil of Rulers, is a royal council comprising the 9 rulers of the Malay states, and the Yang di-Pertua Negeri(Governors) of the other 4 states. The Secretary of the Conference is the Keeper of the Rulers' Seal. The Yang di-Pertua Negeri (Governors) are appointed by the Yang di-Pertuan Agong and do not participate in matters relating to: * the election or removal of the Yang di-Pertuan Agong or his deputy; * privileges of the Malay rulers; and * matters related to the observance of Islam.   | The Conference of Rulers also plays a role in amending the Constitution of Malaysia and some other policies, in particular, those Articles which have been "entrenched", i.e.: * those pertaining to the status of the rulers; * the special privileges of the indigenous Bumiputera(see Article 153 of the Federal Constitution); * the status of the Malay language as the national language; and * the clause governing the entrenchment of such Articles.   | | 2.  Meetings: The Conference of Rulers generally meets 3 times a year. The Keeper of the Rulers' Seal may also convene a meeting at the request of the Yang di-Pertuan Agong or of at least 3 members of the Conference. Meetings will also be convened not later than 4 weeks before the end of the 5-year reign of the Yang di-Pertuan Agong, or whenever there is a vacancy in either his seat or that of his deputy. The Conference...

Words: 624 - Pages: 3

Free Essay

Hampton Court Conference

...Hampton Court Conference 1604 – Archbishop Whitgift and then Richard Bancroft after the formers death Formal debate between a few Bishops and 4/5 Puritans – all chosen by the Privy Council • The puritans were moderates • This disappoints the radicals as they wanted people who could persuade the bishops for their change • Because the puritans there was general agreement What was decided? • New King James version of the bible • The moderate puritans failed to make any real changes that would have pleased the radicals Radicals wanted a change in Church government e.g. bishops gone – couldn’t be done as bishops were present • Not having a to wear a surplice – James dismissed this as trivial Radicals wished to show how much support the puritans had for James and so had a petitioning campaign set up for him – James disliked this as he saw it as pressure and revealed an alarming degree of ‘lay and clerical organisation’ James doesn’t want a Presbyterian church as in Scotland and this makes him adamant on keeping the bishops – ‘no bishop, no king’ Parliament failed to take the necessary steps to make the reforms effective 1. Tried to end excessive use of excommunication (preventing people from taking part in church services and putting their souls in danger) as a punishment from secular courts, as this undermined the church courts - parliament failed to put in place the legislation for that to stop happening 2. Action needed to deal with the poverty of the...

Words: 295 - Pages: 2

Free Essay

Big 12 Conference

...schools due to empty financial promises from opposing conference commissioners. The economy forced universities to put pressure on athletic departments to raise revenue. As the commissioner of the Big 12 Conference, Dan Beebe was a leader. As a leader he had to make decisions based off unfortunate circumstances and threats. The schools in the Big 12 Conference were under pressure from other leaders, one in particularly Larry Scott new commissioner of the PAC-10 Conference In my opinion money makes the world go around, without the need for money a lot of things that happen in life would never take place. In this case, money was the vehicle that was driving the decision making process of each university considering leaving the Big 12 Conference. Larry Scott had a plan and Dan Beebe had to come up with one. In a two day span the University of Colorado and the University of Nebraska left the Big 12. Larry Scott persuaded Colorado and the Big Ten Conference earned a new member in Nebraska. Dan Beebe was down to 10 schools, which were all being promised higher television revenues if they accepted Larry’s offer to join the PAC-10. As a leader, Dan had to come up with a plan, I agree with the decision the Big 12 Conference made to keep it intact. Deals were made, and schools were temporarily satisfied with their so called raises, at the end of the day, despite having to forfeit their traditional championship game the Conference is still...

Words: 293 - Pages: 2

Premium Essay

Paris Peace Conference

...The Paris Peace Conference was the meeting of the Allied victors following the end of World War I to set the peace terms for the defeated Central Powers. It took place in Paris in 1919 and involved diplomats from more than 32 countries and nationalities CenTral Powers is German, Hungarian, Turkish and Bulgarian It took place in Paris in January 18, 1919 and involved diplomats from more than 32 countries and nationalities At the center of the proceedings were the leaders of the four "Great Powers": – President Woodrow Wilson of the United States – Prime Minister David Lloyd George of Great Britain – George Clemenceau of France – Italian Prime Minister Vittorio Orlando Come from Wilson idea • The League of Nations was an intergovernmental organization. It was the first permanent international organization whose principal mission was to maintain world peace\ The Treaty of Versailles  • Was one of the peace treaties at the end of World War I • The Allied Powers, especially France, Britain, and Italy, decided it was best to throw all responsibility of the Great War on Germany ➢ required a reduced limit to Germany’s army and navy as well ➢ pay financial reparations to the Allies. The initial payment required of Germany was five billion dollars ➢ surrender all overseas possessions and approximately ten percent of its prewar territories Resulting Treaty of Versailles Failures? • Later in 1921, the...

Words: 357 - Pages: 2

Premium Essay

Phi Alpha Theta Conference

...On April 29th, I attended the Phi Alpha Theta regional history conference in Oneonta New York. Phi Alpha Theta is the national honor society for history. Each year it holds a variety of regional history conferences around the country for its members. As a member of Phi Alpha Theta, this conference had been the third PAT regional conference I had attended. Structurally, this conference was a bit different from the previous PAT conferences I had been to. Usually, PAT members would submit abstracts of their papers on a certain day before the conference, see if they were accepted, then sometime before the conference submit their papers to the person who was chairing your section. Though with this conference, people who were not members of Phi...

Words: 904 - Pages: 4

Premium Essay

Events, Conferences & Exhibitions - P1 & P2

...Unit 17 – Events, conferences & exhibitions Update on events, conferences and exhibitions – P1, P2, P3, M1 & D1 P1 - Describe the event, conference and exhibitions environment in the UK Types of event Corporate hospitality Corporate hospitality is a private event held by corporations and businesses to entertain and build good relationships with their staff and clients and to encourage new businesses. For example a company hires a venue such as the Hinitze Hall in the Natural History Museum which offers galleries for a range of evening events with catering facilities and staff which will be used only by the business team. Team-building events Team building events are events in which members of a business bond together and get them to work effectively as a team instead of as individuals. Team building events are held to enhance the social relations and define roles within teams often involving collaborative tasks. For example Sandstone is a team-building events company. Incentives Incentive events are held by corporations to reward their employees or customers for hard work and loyalty or to motivate them to improve and develop their performance. An example of an incentive event is the Incentives and Promotional Marketing Show Live which is held at the National Exhibition Centre in Birmingham by Waypoint Exhibition and Event Group. Fundraising Fundraising are events in which organisations fundraise money which then they donate to a certain charity...

Words: 1996 - Pages: 8

Premium Essay

Global Young Leaders Conference

...CGlobal Young Leaders Conference (GYLC) - A Walk to Remember “If your actions inspire others to dream more, learn more, do more and become more, you are a leader” John Quincy Adams Like all teenagers our age we are swept up by the leadership wave partly encouraged by our parents, school and by all that we hear and see around us. Thus when the Global Young Leaders Conference was announced we got onto the leadership bandwagon. It all started when myself, Shafra Ameen (12 Cam. Sci) and Hasini Chamika (12 Cam. Sci.) was nominated from school to attend The Globlal Young Leaders Conference. Our applications were accepted by the GYLC and thus began the very exciting 14 days of summer visiting Washington DC and New York. What is GYLC? The GYLC is a unique leadership development conference that takes place in China, Europe and U.S.A in July and August every year. Outstanding high school scholars aged 15-18 from around the world converge to share and collaborate with each other. The theme of GYLC this year was “The Leaders of Tomorrow Preparing for the Global Challenges and Responsibilities of the future” The Reality Just 10 days after our Cambridge A/L final examination the 3 of us were in the flight to Washington. Shafra, Hasini and I opted to choose the session held from the 25th of June to 4th July plus the optional add on which continues till the 7th of July. Likewise there are 6 similar sessions throughout July and August so that the applicants are given a choice to choose...

Words: 1510 - Pages: 7

Premium Essay

Conference

...CONFERENCE First training in marketing Third training : French bank credit lyonnais : Direction des affaires économiques extérieures : work in an embassy. Started in "coverage" in credit lyonnais in Paris. 2 more years in support function (back office of the bank). Then sent in Spain in Capital market still (treasury, bond market, asset management, set up 2 subsidiaries of CL). Then London in equity side (warrants, exchangeable bonds...). Then go back to France to Nice on the coverage side (commercial coverage, real estate, local authorities...), that's where he really learned his job as a banker because he dealt with small/medium size entreprises; so many risks. Senior country officers in Korea. problems in Korea because too difficult to understand korean entreprises. 3 years in Korea. Then Hong Kong in charge in North part of Asia. At the meant time of the crisis. Then sent to Tokyo : paradise for bank. Japan is very attractive (2001/2004), because big international network. The merger between CL and credit agricole. Then came back to Paris in 2004 in charge of Central and eastern europe (russia, turkey, hungary, poland...). The network was coming from CL and was French. To develop they had to have local coverage officers. To get to that, you have to give them a target. He trusted local people. He is now in Singapore (in charge of the recovery Singapore, brunei, indonesia, malaysia...). Most important market : Singapore. All people oriented towards bonds...

Words: 274 - Pages: 2

Premium Essay

Conference

...Virtual Meeting 1. 2. What is the distinction between videoconferencing and telepresence? Ans-1: Videoconference is a technique of communication which allows individuals at two or more locations to communicate through two-way video and audio transmissions at the same time. The critical feature of videoconferencing is the digital compression of audio and video streams by a device called a codec. Those streams are then divided into packets and transmitted over a network or the internet. On the other hand, telepresence is the top-of-the-line videoconferencing technology. It strives to make users feel as if they are actually present in a location different from their own. Telepresence products provide the highest-quality videoconferencing available on the market to date. Only a handful of companies, such as Cisco, HP, and Polycom, supply these products. 3. What are the ways in which videoconferencing provides value to a business? Would you consider it smart management? Explain your answer. Ans-2: Yes, I would consider it smart management because in businesses where the company men need to interact and communicate constantly with people from various locations especially foreign, it is a very effective. It allows for 'better' meetings as well: it's easier to meet with partners, suppliers, subsidiaries, and colleagues from within the office or around the world on a more frequent basis, which in most cases simply cannot be reasonably accomplished through travel. They can also meet...

Words: 313 - Pages: 2

Free Essay

Conference

...Personality and ability have major implications for how people feel, think and behave in organizations. Based on your review of Chapter 4 and on individual personality differences – present your views on this quote “Organizations should or should not select or hire prospective employees on the basis of their personality traits” In a general sense, I completely agree with this statement. People are hired on credentials such as experience or education, so this is merely another criteria albeit an important one. It is always a good idea to hire people who will mesh well with the organizations values and beliefs. The values and beliefs are typically what will dictate the environment and thus culture of an organization. Take Google for example. Google’s unorthodox culture of having fun and being innovative probably wouldn’t mesh well with someone that has a high external locus of control as they prefer structured, directed work environments as explained by Daft & Lane (2011). However, I also feel that the level or degree of desirable traits versus undesirable and the extent of value placed in them should play a role in evaluating candidates. This is especially true in leadership roles. Daft & Lane (2011) conclude that a person with a high level of authoritarianism would not work well with a team with an equally high level of dogmatism which would typically result in lower productivity and morale. However, if both sides have a lower to moderate level of those two characteristics...

Words: 959 - Pages: 4

Premium Essay

Keystone Conference

...DU Keystone Conference: Initial Planning Abstract Ducks Unlimited is one of the world’s leaders in habitat conservation. Management plans to flesh-out the organization’s long-term strategy for the next ten years at the upcoming Keystone Conference. The conference is scheduled to take place 21 months from now in Charlottesville, NC. This paper documents the project scope, the preliminary Work Breakdown Structure (WBS), and the recommended communication plan. DU Keystone Conference: Initial Planning Elements of Scope Project Objective The objective for this project is to stage the Keystone Conference in Charlottesville, NC in 21 months at a cost not to exceed $1.2 million. Deliverables The major deliverables that are expected throughout the life of the Keystone project are as follows. * Memo identifying selected venue * List of projects to be presented * List of project team rosters * List of topics and presenters * Promotional materials * Guest register * Agenda Milestones 1. Select ten projects which will be presented at conference – December 1, 2011 2. Formation and briefing of ten individual project teams – December 16, 2011 3. Secure the venue – January 10, 2012 4. Initial distribution of promotional materials – January 23, 2012 5. Selection and briefing of presenters – February 1, 2012 6. Begin registration – April 16, 2012 7. Close registration – March 20, 2013 8. Finalize guest register...

Words: 629 - Pages: 3

Free Essay

Conference Description

...Call for Proposals Texas Association for Teacher Educators (TxATE) Summer Conference, Austin Texas June 7, 2014 Radisson Hotel 111 East Cesar Chavez at Congress Avenue, 512-478-9611 The Texas Association for Teacher Educators invites professional teacher educators and/or doctoral students to submit a proposal for presenting research and best practices as a part of the TxATE Summer Conference. Presentations should address issues related to one of the following topics:  Best practices in Teacher Preparation  Alternative Certification  Field-Based Learning  Educator Preparation Advocacy  Accountability and Certification  Innovative Programs In Teacher Preparation  Trends and Issues: P-16 Initiatives, Partnerships, College Readiness… Format: Presentations will take place in 45 minute Round-Table Discussions. Presenters should provide approximately 15 handouts to aid in discussion. Proposal Submission: Please submit your proposal electronically to Judith H. Munter, University of Texas at El Paso, jmunter@utep.edu, by April 11, 2014. Notification of receipt of proposal will be sent via email. Please contact Judith if receipt of proposal has not been received within two weeks of submission. Your proposal should include the following:           Presentation topic relevant to your proposal Title of presentation Name(s) of presenter(s) Title(s) University affiliation Email address Phone number Acknowledgement of Presenter Notes Agreement Abstract: (No longer than...

Words: 415 - Pages: 2