Professor: April 30, 2013 As evident in the case by Morris (2012), the three main skills discussed include communication skills, employee motivation and job interest. Morris (2012) indicates that Aston is complaining on the fact that his workers are clearly not motivated to do their work, and that by around 4 O’clock, a huge number of the staff are quick to clear their desks and vacate the office premises. This is a clear suggestion of the fact that the employees
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Fixed Cost Accrual | Total Cost | Baseline | Variance | Actual | Remaining | Theme Park Project | $0.00 | Prorated | $4,644,920.00 | $4,449,920.00 | $195,000.00 | $1,230,683.00 | $3,414,237.00 | Task Name | % Complete | Planned Value - PV (BCWS) | Earned Value - EV (BCWP) | AC (ACWP) | SV | CV | EAC | BAC | VAC | Theme Park Project | 40% | $1,651,866.67 | $1,086,640.60 | $1,230,683.00 | ($565,226.07) | ($144,042.40) | $5,039,790.43 | $4,449,920.00 | ($589,870.43) | Task Mode | Task Name
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Course Project Part 2 Theme Park December 10, 2012 Mr. Billy Bob AAA Theme Parks 2222 Theme Park Expressway Theme Park Tower Theme Park, Texas Via Email: Billybob@themepark.com Re: Proposal for JJJ Theme Park Executive Summary We have prepared the following proposal for a new turnkey theme park for the AAA THEME PARKS newest addition in the Theme Park area as requested and detailed in your RFP. We appreciate this opportunity to be of service to AAA THEME PARKS, and we
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Schedule Performance Index (SPI): Schedule Performance Index tells us about the efficiency of time utilized on the project. It is a measure of progress achieved compared to planned progress. Schedule Performance Index = (Earned Value)/(Planned Value) SPI = EV/PV Schedule Performance Index informs us that how efficiently we are progressing with compared to planned progress. Note that: * If SPI is greater than one, means more work has been completed than planned work. * If SPI is less
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project. o No one formula exists. Is derived by looking at the total budgeted cost for the project. • o Planned Value (aka Budgeted Cost of Work Scheduled) (PV or BCWS) o How much work should have been completed at a point in time based on the plan. Derived by measuring planned work completed at a point in time. Planned % Complete x BAC o Planned % Complete x BAC • o Earned Value (aka Budgeted Cost of Work Performed) (EV or BCWP) o How much work was actually completed during a given period
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Implementing Earned Value Easily and Effectively Published in Project Management Journal, June 1998 Daniel M. Brandon, Jr., Ph.D. Christian Brothers University School of Business 650 East Parkway South Memphis, TN 38104 Phone: (901) 321-3615 Fax: (901) 321-3566 E-Mail: dbrandon@odin.cbu.edu Implementing Earned Value Easily and Effectively Abstract “Earned Value” is a very powerful approach for the evaluation of true project performance. It also provides a quantitative
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Week 4 homework: Part 1 A) The crash cost per day per activity 800-300=500 350-250=100 900-400=500 500-200=300 550-300=250 B) Which activities should be crashed to meet a project deadline of 10 days at minimum cost? What is the cost impact of crashing these activities? A; B; C $450 C) Find the new budget (or cost of the project) $1875 Part 2 A) The crash cost per day per activity 800-300=500 350-250=100 900-400=500 500-200=300 B) Which activities
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electricity usage of the former 12 months including that of December last year. And the usage of electricity in December this year can be included in the next year’s revenue. Method 2: Strictly speaking, the revenue recognized in method 1 is not earned in THIS YEAR. through the method of estimating the electricity usage in December this year, added by the actual usage of former 11 months, we can get record the revenue and then do some adjustment in the next year. 2. Retainer fee none of the
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comfortable with math, you should be happy to hear that you can know none of these formulas and still pass the exam! The most important formulas are those relating to earned value, as earned value is a key component of monitoring and controlling. Formulas to Know for the Exam Title PMP® Exam Prep Chapter Reference Formula Present Value (PV) PV = FV (1 + r)n Integration Management Expected Activity Duration (Triangular Distribution)* P+M+O 3 Time Management Expected Activity
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Ethical values are a formal system or set of rules governing the conduct of a person or members of a profession by which decisions are made about right and wrong, should and shouldn’t, good and bad (Values, Morals and Ethics, 2010). In our daily lives we come across so many issues. Some of these issues can be categorized into medical ethics, legal ethics, business ethics, and personal ethics but the ways of relating to such issues are derived from basic ethical values (Ethical Values as Part of
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