...Dear Mr. Gritsch After analyzing the three project proposals, my team has concluded that the project that would be best to invest in would be the Stargazer Project. Our team analyzed every proposal in full scope in order to determine which project would be most successful. Some of the variables reviewed included time frame or life cycle, forecasted ROI, as well as the breakeven point etc. The five project management phases were also considered when making our decision. Project Juniper’s critical path is 6 months which ends October 2014. Since the project only costs $325,000 to get it selling on the market, it appears to be the cheapest of the three. However, our analysis found that it would be more expensive than previously thought since it will take 2 years before its potential revenue streams reaches $250,000. This results in a breakeven point of roughly 3 years with the product life cycle at 2 to 3 years. Given our results, we’ve decided that this project is too much of a risk for the company. Following our analysis we discovered that Project Palomino’s critical path is 9 months, ending January 2015. This time frame is shorter than what we projected for the Stargazer project. Project Palomino is also cheaper at $655,000. Our team also discovered that the breakeven point will be reached at 7 or fewer years. However, revenues created may be as little as $450,000 leaving the company with a deficit. As a result, our team does not recommend investing in this project...
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...Below you will find a detail description of the different phases of a project and then an analysis on all three projects, followed by our recommendation. Phases of a project From the start to finish a project can be divided into five different phases (http://www.projectinsight.net/project-management-basics/basic-project-management-phases). Project conception and initiation The purpose of this phase is to define the project accomplishments. This is a critical phase as it is essential for those who will deliver the product/service, for those who will use the product/service, and for those who have a stake in the project to reach agreement on its initiation (http://pmstats.dis.arkansas.gov/Meth/05-Initiation%20phase.pdf). During this phase, the idea of the project is analyzed to see how beneficial it is to the business. Project definition and planning This phase defines the project scope and its activities. It outlines the tasks that have to be performed to complete the project. During this phase, a team should prioritize the project, calculate a budget and schedule, and determine what resources are needed (http://www.projectinsight.net/project-management-basics/basic-project-management-phases). Project launch or execution During this phase, the defined project activities are started to be executed. The project manager moves his attention from planning to execution. A constant...
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...Project Management Email OPS/571 March 21, 2016 Project Management Email To: Wendell Deirelein/Vice President of Operation Management From: Team Operation Intel Date: March 21, 2016 Re: Piper Industries Corporation Mr. Deirelein as per your request Team Operation Intel has proposed the following recommendation in regards to the three projects and have provided the information that you have requested along with the completion date and cost for each project. The recommendation is listed below: Project Juniper: Schedule Risk: Low Cost: $325000 Durations to completion: 6 months ROI: $250,000 yearly for 2 years total = $ 500,000 Project life: 2-3 years Pros: * Product can be executed. * Risk is manageable * Forecasting risk is low. * Product breakeven is around 1.3 years. Breakeven cost = Cost/ROI= 325000/250000= 1.3 years. * Meets client requirement of product launch in next 12 months. Cons: Company’s future at risk as product life is only 2-3 years. Recommendation: Sustainability is not ensured so not recommended. Project Stargazer: Schedule Risk: Very High Cost: $ 1025000 Durations to completion: More than 1year ROI: ROI of $300,000 first year; $550,000 the second year; and $750,000 the third year. ROI total = $ 1600 000 Project life: 7 years Pros: * Product is futuristic Cons: * Risk is high * Forecasting has high variance. * Product breakeven is around 2.23 year’s years. ROI for first 2 years = 850000 and another...
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...Email to Coworker: Management vs. Leadership Heather Hargrave HCS/514 August 8, 2014 Steve Kovak Email to Coworker: Management vs. Leadership There are many individuals that confuse the roles and responsibilities of managers and that of a leader. While managers and leaders both have many common characteristic, the roles and responsibilities within a company are defined differently. The purpose of this paper is to go into detail about these different responsibilities within a company. A leader can be both formal and informal, for the sake of this paper it will be more geared towards explaining a more formal leadership role. Additionally a personal experience will be included to assist in this understanding. Management Defined Management is responsible for the communication with higher cooperate professionals on a regular basis, about the status of the companies goals and objectives. Management reports back to these individuals about the status of goals being met and any necessary issues or concerns that may have been presented throughout the process of caring out directions. Management also assists in any solutions with these concerns by providing additional information (Weaver, n.a). Once a decision is made about how to accomplish the goals made by management and any other higher professionals the next step is to oversee employees and establish a plan that will ensure that duties are being completed in an orderly and timely manner. The manager...
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...Project Management Email-Piper Industries OPS 571 Dear Mr. Gritsch, I would like to thank Piper Industries for allowing our team to analyze your projects. Our team has carefully reviewed all three projects for a best fit to your business needs. Included you will find our analysis and recommendations of the Project Proposal that most benefits your company. Based on the review of the three projects, it appears that the Juniper project which is an enhancement of a current widget being offered will not be profitable option. It requires a cost of $350,000 to bring the product to market with a ROI of 76.9% of the initial cost at its 3 year life span. With advancements in technology ending the life of this product, it is recommended not to pursue this project. The Palomino project may appear to be more attractive with enhancements using existing technology. Upon reviewing the figures, $655,000 start-up costs to bring to market and a predicted $90,000 return each year for 7 years and factoring a ±5% margin, this project takes a different spin that presents a risk of loss to the organization. With a potential -5% (-$31,500) ROI, it becomes obvious that this project is not worth the risk. The ideal project that our team recommends is the Stargazer project. With an initial research and development cost of $450,000, it will only require an additional $125,000 to bring this product to market. Factoring a product life forecast of 7 years, your organization...
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...You Decide Scenario: Week 3 Detecting and preventing insider threats is its own discipline, with its own dynamics. If you put these countermeasures in place, you can reduce the threat dramatically. First, you can use an IP packet-filtering router. This type of router permits or denies the packet to either enter or leave the network through the interface on the basis of the protocol, IP address, and the port number. The protocol may be TCP, UDP, HTTP, SMTP, or FTP. The IP address under consideration would be both the source and the destination addresses of the nodes. The port numbers would correspond to the well-know port numbers (Vacca, 2009). Packet filtering lets you control data transfer based on the address the data is, the address the data is going to, and the session and application protocols being used to transfer data. The main advantage of packet filtering is leverage. It allows you to provide, in a single place, particular protections for an entire network. Consider the Telnet service. If you disallow Telnet by turning off the Telnet server on all your hosts, you still have to worry about someone in your organization installing a new machine (or reinstalling an old one) with the Telnet server turned on. On the other hand if Telnet is not allowed by your filtering router, such a new machine would be protected right from the start, regardless of whether or not its Telnet server was actually running. Another advantage of a packet filtering router is that...
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...July 19, 2013 Beverly Scott Monitoring Employees on Networks: Unethical or Good Business Since email first emerged as a business tool, companies have increased productivity, decreased costs and found new marketing venues. From collaborated group work to encouraging management messages, the advantages of email in business can be seen in small and large organizations. Rapid Communication Email communications blaze through the Internet with amazing speed. This speed allows businesses to work at a faster pace and communicate more effectively, even in large organizations. Executives are able to receive almost real-time status updates and can therefore make well-informed decisions. Email can also be used to rapidly disseminate information to multiple employees at the same time. Decreased Cost One of the biggest business advantages of using email in business is the cost savings. The overhead to maintain an email system is relatively low. Small businesses can utilize free online email services for no cost beyond their computer and Internet connection expenses. The decreased costs for businesses can be seen in their postage usage, telephony expenses and even travel expenses. Decreased Layers of Management Email effectively decreases the layers of management because everyone in a company can email the company president with ideas, suggestions or comments. Management can obtain opinions from the front lines of their business, which helps them stay in touch with the day-to-day...
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...Student Name: Student ID: Group: n/a Date: 29/10/13 Assessment Coding Assessment of this program of study is based on competency based principles. S = Satisfactory NS = Not Satisfactory Students who fail to perform satisfactorily for the assessment in the prescribed date may be assessed as ‘not satisfactory’. You are required to be assessed as ‘Satisfactory’ on completion of Assessments assigned by your assessor for this unit of competency. Re-assessment Any re-assessment is conducted as soon as practicable after you have been informed of the requirement to be re-assessed and have been given the opportunity to be re-trained and assimilate the training. You are re-assessed in only the areas assessed NS. It is at the assessor/s discretion to re-assess the entire assessment should it be demonstrated an overall understanding of this unit has not been achieved. Students that are assessed “satisfactory” after re-assessment of areas deemed NS will achieve competency for this assignment. |I acknowledge the assessment process has been explained and agree to undertake assessment. I am aware of Careers Australia’s appeals | |process, should the need arise. I also understand that I must be assessed as ‘satisfactory’ in all parts of the assessment to gain a | |competent result for this unit of competency. I declare that the work contained in this assessment is my own, except where acknowledgement of| |sources is made...
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...(HS/BS) Award Leader: Jill Gollins Tel: 01902 323962 Email: J.Gollins@wlv.ac.uk Table of Contents Welcome to University of Wolverhampton Business School 2 Introduction 2 Programme Outcomes 3 Structure of the HND Business Award 4 Core Modules Descriptions: Year 1 5 BE1002 Principles of International Business 5 BE1010 Quantitative Techniques for Business(HND) 6 BE1011 Employability Skills 7 BE1013 Entrepreneurs and Entrepreneurship 8 EC1008 Organisations , Competition and the Business Environment (HND) 9 HR1005 Organisations and Behaviour(HND) 10 LW1032 Legal and Regulatory Framework (HND) 11 MK1007 Marketing (HND) 12 Module Descriptions: Year 2 13 AC2020 Managing Financial Resources (HND) 13 BE1009 Managing Activities (HND) 14 BE2017 Business Strategy (HND) 15 BE2018 Personal Development 2 16 IM2009 Management Information Systems(HND) 17 MK1006 Market Intelligence (HND) 18 Core Option Descriptions Year 2 19 EC2013 Economics of Human Resourcing 19 EC2015 Environmental Management 20 HR2002 Ethics in Organisations 21 IM2007 Independent learning in the Workplace 22 MK2010 Service Sector Marketing 23 Useful Information and Other Resources 24 e:Vision 24 WOLF 24 Student Support 25 Management Team Contact Details 26 Award Leader and Personal Tutor 26 UG Portfolio Administrator and UG Student Advisor 26 ...
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...Contingency Planning Policy Statement iPremier has chosen to adopt the Contingency Planning principles established in NIST SP 800-34 “Contingency Planning Guide for Information Technology (IT) Systems,” as the official policy for the risk management, incident response for DDoS attacks. The following subsections outline the Contingency Planning standards that constitute iPremier’s policy. Each iPremier Business System, including third-party service providers, is then bound to this policy, and must develop or adhere to a program plan which demonstrates compliance with the policy related the standards documented. Business Impact Analysis Preliminary System Information Organization: iPremier Date BIA Completed: System Name: Customer’s Web...
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...COMMUNICATIONS ASSISTANT / ADMINISTRATOR (QATAR) Position Profile A Communications Assistant/Administrator supports multiple account teams and must be able to efficiently service each of these teams. Communications Assistant/Coordinator must have excellent organizational skills and the ability to adapt to multiple assignments and deadlines as well as an environment that changes frequently. The focus of the position is on managing invoicing, procedures, preparing presentations, management of process and procedure, clip reports, briefing materials, etc. Primary Responsibilities 1) Client • • Proactive in understanding IPN’s portfolio of client’s Have a clear understanding of clients organisational structures and key contacts 2) Media • • • Develop and maintain media contact lists and database - Mediadisk Continually update knowledge of new media Maintain comprehensive library of media titles and subscription 3) Writing • • • Assist in formatting new business presentation and preparation Management of procedures and processes Prepare clip reports and summaries as needed by teams 4) Team Support • Actively participate in agency development by assisting with urgent clients needs • • • • Continually update line managers on progress of activities Balance workload between account staff to ensure that all work is accurate and completed within established deadlines Support office development/work, as directed Routinely attend all relevant staff meetings 5) Administrative...
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...businesses use communications tools such as PDAs, email, fax, video-conferencing, instant-messaging, and the internet. Business can be managed remotely by using technology. Business communication plays a big role in my day to day activities at my work place. My occupation requires me to deal with various departments within in my company and law offices throughout the United States. I must ensure my level of communication is understandable to the other parties. The most used trends of communication in my occupation are technology and teamwork. Email is the most important technology used because if allows me to communicate with other departments in written format so I can have documentation of my communication with the recipient. I personally feel email is the best way of communication because it written communication and if needed for evidence it can be provided. I use email to communicate with the other departments if documentations are needed to complete my job, to contact attorney to stop foreclosure sales, and to communicate with my manager if needed. Email is a great source of communication because it allows you to communicate with several people at one time. The only thing with email is that one must be very careful with the information provided in the email because many companies have privacy policies that prohibits certain information to be transmitted through email because of security reasons. Also, when communicating via email the sender needs to ensure that message being...
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...have changed the way I process and communicate information. Effective communication plays an extremely important role in my day-to-day activities as an Operations Manager for a Walmart Supercenter. I rely heavily on communication via e-mail, as this has quickly become the preferred vehicle for sending and receiving key information. One of the most important daily tasks in my routine is to read and respond to emails. After reading important emails, I then can prioritize my daily tasks. Another important communication tool that I use daily are team meetings. Each morning I meet with my supervisors to discuss information on the store’s opportunities and what direction, or tasks need to be completed. I then hold a team meeting with my associates to pass along this information, delegate responsibilities, and set expectations. The consequences of not having these meetings would be wasted time and ineffective communication, which “may obscure ideas so that discussions and decisions are needlessly drawn out” (Locker, 2008, p. 11). Our associates and management...
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...Time Management As leaders we often times feel that there is not enough time for everything we need to accomplish in a day. Some people equate being busy with being productive. The “pareto principle” states that 20% of what we do produces 80% of what we achieve. (SkillSoft, 2009) This means that we should be focusing our time on the 20% of the things that are most important and complete those tasks. If a leader applies good time management strategies to the way you work you should be able to spend more than 20% of your time on the important tasks that need to be completed. Managing the valuable commodity of time can improve both your professional and personal life. In order for a leader to really manage their time they need to answer these two questions: 1. How much time do I have? a. Determining how much time you have in a typical work day is based on whether you work 8 hours plus a lunch hour and the type of work being done. 2. How do I spend my time? a. How you use your time during the day can be difficult to know with so many variable tasks that we do each day. Tracking your time using a work log can help you determine how your time is spent each day. This section of the Leadership Handbook will outline several valuable ideas in two very important areas of time management: • How to record and analyze your time using time logs • Effective strategies to avoid wasting time Analyze Your Time with Time Logs Creating a time log can help you identify problem areas...
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...COLLEGE OF BUSINESS DIVISION OF MANAGEMENT AND MARKETING MARSHALL UNIVERSITY Spring 2011 Course Title & Number: Operations Management, MGT 420- 203 Class Schedule: TR 12:30 PM To 1:45 PM CH 244 Required Text: Operations Management, Jay Heizer and Barry Ender, Tenth Edition, Pearson Prentice Hall. Instructor: Dr. Deepak Subedi Office: Corbly Hall 423 Office Hours: M 2:00 PM to 4:00 PM TR 10:00 AM – 12:30 PM and 1:45 PM – 2:00 PM R 6:00 PM – 6:30 PM Phone: 696 – 2676 E-Mail: subedi@marshall.edu I prefer you use the homepage of this course on blackboard to email me. You do not need any appointment to come to my office during the office hours. Course Description: This course is designed to be an applied; this is a level course in operational management. Learn basics issues pertaining to the operations management Learn important areas of operations management such as inventory management, project management, MRP etc Learn basics of decision making tools such as forecasting and linear programming This course is an attempt to blend quantitative reasoning with practical decision-making applications. Prerequisite: It is the student's responsibility to be aware of and meet all prerequisites for LCOB courses. By remaining in the course beyond the regular registration period, the student certifies that he/she has met all prerequisites...
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