...Five Questions a Project Manager Should Ask About Every Estimate Anthony A DeMarco, President, PRICE Systems, L.L.C. Introduction Every day, project managers make decisions based on estimates. Since each decision can determine whether a project succeeds or fails, accurate estimates are critical. Projects launched without a rigorous initial estimate are five times more probable of experiencing delays and cancellations. Even projects with sound initial estimates are doomed to overrun cost and schedule budgets if they are not guided by rules of thumb and rigorous estimates-to-complete. Therefore, project managers must be armed with simple metrics and rigorous estimating models to be successful. Simple or complex, there are five questions project managers should ask about every estimate as they define and manage their projects. This paper stresses the value of accurate estimating, the project management discipline developing estimating rules-of-thumb and the application of those metrics to aid successful decision-making. Project Managers must be Accurate Estimators The key to successful project completion is an accurate estimate and a realistic risk assessment. Capers Jones, in a study of two hundred and fifty complex, software-intensive projects identified only twenty-five as successful in achieving their initial cost, schedule and performance objectives. Jones defines a failed project as one that is six months over schedule and fifteen percent over its cost estimate (p.5). Cost...
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... | |INSTRUCTIONAL MATERIAL – Required | |( including all mandatory software) | |Taylor, B. M. (2010). Introduction to management science (10th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall. | |Treeplan add-on for Excel. This software is available in the Open Lab at Strayer campuses, and can also be downloaded from the textbook's | |companion Website. http://wps.prenhall.com/bp_taylor_introms_10/112/28870/7390752.cw/-/7390754/index.html | | | |COURSE DESCRIPTION | |Applies quantitative methods to systems management (Decision Theory), and / or methods of decision-making with respect to sampling, | |organizing, and analyzing empirical data. | |COURSE OUTCOMES | |Upon...
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...Five Questions a Project Manager Should Ask About Every Estimate Anthony A DeMarco, President, PRICE Systems, L.L.C. Introduction Every day, project managers make decisions based on estimates. Since each decision can determine whether a project succeeds or fails, accurate estimates are critical. Projects launched without a rigorous initial estimate are five times more probable of experiencing delays and cancellations. Even projects with sound initial estimates are doomed to overrun cost and schedule budgets if they are not guided by rules of thumb and rigorous estimates-to-complete. Therefore, project managers must be armed with simple metrics and rigorous estimating models to be successful. Simple or complex, there are five questions project managers should ask about every estimate as they define and manage their projects. This paper stresses the value of accurate estimating, the project management discipline developing estimating rules-of-thumb and the application of those metrics to aid successful decision-making. Project Managers must be Accurate Estimators The key to successful project completion is an accurate estimate and a realistic risk assessment. Capers Jones, in a study of two hundred and fifty complex, software-intensive projects identified only twenty-five as successful in achieving their initial cost, schedule and performance objectives. Jones defines a failed project as one that is six months over schedule and fifteen percent over its cost...
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...Performance management A Citibank case study Made by: Bryan Rinders, Marten Moolhuizen, Alrawahi Hemi, Yihai Wang and Yikun Du Prefatory note The report is based on the analysis of a classic management case that about the Citibank and the strategy performance management tool it performed, the balance scorecard. After analyzed the Citibank case, our research group came up the question: What are the main reasons Citibank fails to measure customer satisfaction and what can be done to change this, and the other steps we have to take in order to answer the question. We would like to thank all those who have given us their generous help, commitment and enthusiasm, which have been the major driving force to complete the current paper. However, we should thank every member in the team at first. Everyone in the group tried their best to find sources and materials, finish their own part in time. And thanks to our university and all the teachers who give us academic knowledge and skills. This proposal is mainly finished by ourselves. There must be some mistakes, because of our carelessness and limitation of knowledge. We are sincerely looking for your feedback. Yihai Wang, Marten Moolhuizen, Bryan Rinders, Alrawahi Hemi and Yikun Du 2015.10.20 Enschede Executive Summary The reason why this proposal is made is because of a change in strategies in 1995, the California division of Citibank decided to implement a new performance scorecard to measure a more efficiently performance...
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...GM 588 All Discussion Questions ( Managing Quality ) Purchase here http://devrycourse.com/GM%20588/gm-588-all-discussion-questions-managing-quality Product Description GM 588 All 7 Weeks Discussion Questions ( Managing Quality ) GM 588 week 1 dq1 – Definition of Quality GM 588 week 1 dq2 – Quality Management in Your Organization GM 588 week 2 dq1 – Quality Philosophies GM 588 week 2 dq2 – Quality Award Processes GM 588 week 3 dq1 – The Voice of the Customer GM 588 week 3 dq2 – The Kano Model GM 588 week 4 dq1 – Quality Focus GM 588 week 4 dq2 – Alignment of Strategy and Quality Management GM 588 week 5 dq1 – Performance Metrics GM 588 week 5 dq2 – Cost of Quality and the Customer GM 588 week 6 dq1 – Differences in Organizational Processes GM 588 week 6 dq2 – Six SigmaLean Applications GM 588 week 7 dq1 – Statistical Process Control GM 588 week 7 dq2 – Capability vs. Control GM 588 All Discussion Questions ( Managing Quality ) Purchase here http://devrycourse.com/GM%20588/gm-588-all-discussion-questions-managing-quality Product Description GM 588 All 7 Weeks Discussion Questions ( Managing Quality ) GM 588 week 1 dq1 – Definition of Quality GM 588 week 1 dq2 – Quality Management in Your Organization GM 588 week 2 dq1 – Quality Philosophies GM 588 week 2 dq2 – Quality Award Processes GM 588 week 3 dq1 – The Voice of the Customer GM 588 week 3 dq2 – The Kano Model GM 588 week 4 dq1 – Quality Focus GM 588 week 4 dq2 – Alignment...
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...Research Question: 1 Clartify the distinction between management decision problem & Marketing research problem. Analysis of the environmental context should assist in the identification of the management decisionproblem, what should be translated into a marketing research problem. The management decisionproblem asks what the DM needs to do, whereas the marketing research problem as what information isneeded and how it can be obtained effectively and efficiently. The researcher should avoid defining themarketing research problem either too broadly or too narrowly. An appropriate way of defined the marketresearch problem is to make a broad statement of the problem and then identify its specific components. [pic] Table: Management decision problem vs marketing research problem [pic] Table: distinguish between Management decision problem and Marketing research problem Question-2: Explain the structure of a well-defined marketing research problem including the broad statement and the specific component A well-defined marketing research problem consists of both a broad statement and a list of specific components of the problem. The broad statement provides perspective on the problem and acts as a figured against overlooking important aspects of the marketing research and management decision problems. The specific components focus on the key aspects of the problem and provide clear guidelines on how to proceed further. A broad...
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...You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM Question Page 1 Question 1.1. (TCO 1) Security policy contains three kinds of rules as policy clauses. What are they? (Points : 5) Preventive, detective, and responsive Prohibitive, permissive, and mandatory Administrative, technical, and physical Management, technical, and operational Roles, responsibilities, and exemptions Question 2.2. (TCO 2) The _____ of the 17 NIST control _____ can be placed into the 10 IISSCC _____ comprising the common body of knowledge for information security. (Points : 5) technologies, domains, families controls, families, domains domains, families, technologies principles, domains, families controls, domains, principles Question 3.3. (TCO 2) What are the effects of security controls? (Points : 5) Confidentiality, integrity, and availability Administrative, physical, and operational Detection, prevention, and response Management, operational, and technical Question 4.4. (TCO 3) Three of the most important jobs of security management are to ensure _____ are organized according to sensitivity, ensure that roles maintain _____, and to manage _____ because that is the enemy of security. (Points : 5) assets, accountability, software assets, separation of duties, complexity software, separation of duties, complexity software, accountability, people people, separation of duties, technology Question 5.5. (TCO 4) "There shall be a way for an individual to correct information...
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...evaluate two pear reviewed articles conducted on the field of business. The first article is strategy written by David, Gary, and Amy in 1997 in Strategic Management Journal. The second one is strategic planning by Michael E Porter. It was published in 1996 in Harvard Business Review. The paper will analyze the research to evaluate the research process considering application of the literature review, ethical consideration and statistical analysis significance. The paper will also analyze the conclusion to determine the effectiveness of the study. When writing any research, there are some critical steps that an individual have to remember. The first critical step is to identify the objectives of the study. Each study has defined objectives that guide the researcher. The objectives enable the researcher to stick to the topic and avoid collecting irrelevant data. In the above articles, the researcher begins with outlining the objective of the studies before introducing the research question. It enables the reader to understand the aim of the study through knowing what the researcher want to find out. The articles named above have objectives that are closely related to one another. It is because the two groups of researcher were studying topics that are related. The strategy as written by David, Gary, and Amy in Strategic Management Journal, has its defined objectives. The objectives of the authors are to test the exposure of managers regarding...
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...Week 1 Discussion Question # 1 Why is it important for human services workers, and the professionals they assist, to have a theoretical framework for helping and creating change? BSHS 312 Week 1 Discussion Question # 2 How might transference and counter-transference issues manifest themselves in your work with participants? How about unconscious defenses? Week 1 Assignment: Learning Team Charter Team “D” Week 2 BSHS 312 Week 2 Discussion Question # 1 Do you think that a therapist should be an active participant in the treatment of his or her clients? Why or why not? BSHS 312 Week 2 Discussion Question # 2 What is the difference between positive and negative reinforcement? In your opinion, is either effective? Why or why not? Week 2 Assignments: Annotated Bibliography- Stages of Change Model Self-Management Behavior Contract: To Lose weight and lower my BMI (1450+ Words) Week 3 BSHS 312 Week 3 Discussion Question # 1 Do you agree with the necessity for autonomy as defined by the cognitive theorists? Why? BSHS 312 Week 3 Discussion Question # 2 What kinds of all-or-nothing thinking have you detected in yourself? How will you stop it? Week 3 Assignments: Site Visit Report Kitsap Recovery Center (950+ Words) Behavioral-Cognitive Tools Beck Depression Inventory (1250+ Words) Week 4 BSHS 312 Week 4 Discussion Question # 1 Describe what is meant by a genogram? BSHS 312 Week 4 Discussion Question # 2 Explain the...
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...Strategic Management (BUSM 3200) – Oct 2013 Exam Questions Review – Key Points and References (Part A) (Prepared by Geoffrey da Silva) ------------------------------------------------- Note: this set of notes is provided as guidelines as to how you should go about to prepare YOUR OWN set of study notes for exam revision. Remember these are just GUIDELINES or short bullet points advising you what could be the approach to answering the questions and the sources you can extract the information from – BOTH the text and the lecture notes (GDS version only). You have ALREADY been advised by the course coordinator that these questions are just samples and are NOT to be construed as spotted questions for the coming examination. These are just good “practice questions” that you should use for purposes of revising your topics. Please make sure that you study widely around the chapter topics and DO NOT assume that the questions below will be set directly as they are in the coming examination. Remember this – study the topic but never study the question. The questions below could be set differently but topics could be similar. Blank spaces are provided under each of the drafts so that you can add in your own research and examples. Good luck in your preparations. Note: these are brief points; use this word document to work with your team/groups to insert your own points and examples. I provide the template only! 1. Describe the four ways of strategic thinking (or lenses). Give examples...
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...analyzed: mission of the company (organization), its main product, consumers of product, equipment used, process of product making (in a short way), number of employees. 2. Theoretical model of the product making process. Creation of theoretical model is one of the most important parts of the homework. The same questions in theoretical and practical parts have to be answered (see further). There must be described in short way theoretical functions (4!) of the managing (these parts of the homework have to be numbered 2.1; 2.2; 2.3; 2.4!). Presentation of theoretical model has to answer the questions about the best management solutions in theoretical aspect for the same kind of companies as chosen. In theoretical model has to be explained all functions, which have to be realized in the similar company. It means that student has to image management process of similar company and to describe realizing management functions as he (she) would be as an owner of a company. It would be theoretical model of managing by students’ opinion. Students have to prove availability of the offered theoretical model to real companies’ management with paying attention into size of the company, attribution of the companies’ activity, form of ownership. 3. Practical part. This part has to answer, how management functions are realized in real conditions. 3.1 Planning. Process of work planning of the all participants’ will be described in this part of homework. What departments (or persons) participate...
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...and the EFQM Excellence Model S. WongrassameeJ.E.L. SimmonsP.D. Gardiner Article information: To cite this document: S. WongrassameeJ.E.L. SimmonsP.D. Gardiner, (2003),"Performance measurement tools: the Balanced Scorecard and the EFQM Excellence Model", Measuring Business Excellence, Vol. 7 Iss 1 pp. 14 - 29 Permanent link to this document: http://dx.doi.org/10.1108/13683040310466690 Downloaded on: 14 April 2015, At: 10:28 (PT) References: this document contains references to 27 other documents. To copy this document: permissions@emeraldinsight.com The fulltext of this document has been downloaded 13506 times since 2006* Users who downloaded this article also downloaded: Joaquín Gómez Gómez, Micaela Martínez Costa, Ángel R. Martínez Lorente, (2011),"A critical evaluation of the EFQM model", International Journal of Quality & Reliability Management, Vol. 28 Iss 5 pp. 484-502 http://dx.doi.org/10.1108/02656711111132544 Downloaded by MIDDLESEX UNIVERSITY At 10:28 14 April 2015 (PT) Michael Trevor Hides, John Davies, Sue Jackson, (2004),"Implementation of EFQM excellence model self-assessment in the UK higher education sector – lessons learned from other sectors", The TQM Magazine, Vol. 16 Iss 3 pp. 194-201 http:// dx.doi.org/10.1108/09544780410532936 Andy Neely, Mike Gregory, Ken Platts, (1995),"Performance measurement system design: A literature review and research agenda", International Journal of Operations & Production Management, Vol. 15 Iss 4 pp. 80-116...
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...COLLEGE OF BUSINESS DEPARTMENT: DSI COURSE CODE : MANASCI CLASS DAYS AND CLASS TIME: TH, 1800-1930/1940-2110 ROOM: L330 INSTRUCTOR: MR. ENRICO L. CORDOBA (lance_emeric@yahoo.com) COURSE DESCRIPTION: MANASCI (MANAGEMENT SCIENCE) is a 14-week course on the study of quantitative techniques in business decision-making. The course covers linear programming models and its special algorithms; network (PERT/CPM) models; decision-making theories and processes; and decision tree construction and analysis. LEARNING OUTCOMES (LO): On completion of the course, the student is expected to be able to do the following: |ELGA |LEARNING OUTCOME | |Effective communicators |To present in class the application of quantitative techniques to management decision | | |models through case analysis | |Critical and creative thinkers |To develop analytical thinking and proper reasoning in the application of quantitative | | |techniques to management decision models | | |To acquire the essential skills for the proper use of quantitative techniques in | | ...
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...Question 1:- According to the Managerial Grid, an individual’s style can best be described as which of the following: | | | | a) the way he or she dresses | | b) his or her concern for production and people | | c) how he or she interacts with management | | d) the way he or she deals with problems | | Question 2:- As the QWL movement evolved, it fostered a new phase of activities known asmanagement are _______________ and _____________. | | | | a) large group interventions | | b) reward system changes | | c) employee involvement | | d) team building | | Question 3:- Which of the following areas do OD practitioners need to be familiar with to carry out strategic change? | | | | a) competitive strategy and team building | | b) finance | | c) marketing | | d) all of the above | | Question 4:- Which of the following is not one of the “stems” of OD? | | | | a) laboratory training | | b) environmental analysis | | c) action research/survey feedback | | d) participative management and quality of work life ...
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...MANAGEMENT INFORMATION SYSTEM. QUESTION 1 What is MIS? Explain different types of information system serving at different levels in organization. Give suitable example. ANSWER Management Information System provides information in the form of reports and displays to managers and many business professionals. For example, sales managers may use their network computers and web browser to get instantaneous displays about the sales results of their products. TYPES OF INFORMATION SYSTEMS IN AN ORGANIZATION. (i) TRANSACTION PROCESSING SYSTEM: These are important examples of operation support systems that record and process data resulting from business transactions. The processing is either batch or on-line processing. (ii) EXECUTIVE INFORMATION SYSTEM: This provide critical information in easy-to-use displays to a variety of managers .For example, top executives may use touch screen terminals to instantly view text and graphic displays that highlights key areas of organizational performance. (iii) DECISION SUPPORT SYSTEMS: This gives direct computer support to managers during decision-making process. For example, advertising mangers may use electronic spreadsheet program to do what –if analysis directly at meeting. (iv) PROCESS CONTROL SYSTEMS: It monitors and control physical processes through electronic sensors linked to computers continually monitor processes and make instant (real time) adjustments e.g. petroleum refinery processes. (v) ENTERPRISE...
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