Outline of the Project Introduction Covers the ff: industry analysis, company profile, problem/s identified. Analysis Conclusion and Recommendation Our Business is Selling Motor Components
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Outline of the Project
- Introduction
Covers the ff: industry analysis, company profile, problem/s identified.
- Analysis
- Conclusion and Recommendation
Our Business is Selling Motor Components
Step by step
Solved in 3 steps
- The cost component of a project must be carefully planned and managed throughout the life of a project. First, establish the budget for the project. The selection of vendors involves a careful process of considering reputation, scope, and time required to complete. Furthermore, risks and uncertainty should be included in the plan. As the project progresses, costs need to be monitored and controlled. Due to the COVID-19 pandemic, in general, project costs have increased. What are some of the considerations that should be included in the budget?Why do you think John was hesitant to quote an exact price during the first meeting?1.2 Why did Ken need an indication of the cost for the total project before he could start theproject? 1.3 Was it a good idea to sign a contract for all construction work rather than to break it up intoseparate phases (with separate contracts) for different parts of the construction work? 1.4 Why would John require milestone payments during the construction phase rather than asingle payment once the construction has been completed? 1.5 What assurance would Ken have if he discovered during the guarantee period that the roofleaks when it rains?You are an event planner for a chartered cruise meant to accommodate working couples and their children for a 3-day, two-family reunion (i.e., each partners’ families). You are tasked with developing the children’s program from start to finish, including breakfast, lunch, dinner, and two snacks (morning and afternoon). What will be your priorities for the children’s program and why? What contract stipulations should be included to address any dietary needs for the children’s food and why? What content regarding the children’s program might you include in your production book?
- You are managing a construction project that is currently being initiated. Youmet with the sponsors and several important stakeholders, and have startedto work on the preliminary scope statement. You’ve documented several keyassumptions that have been made, and identified project constraints andinitial risks. Before you can finish the preliminary scope statement, you mustmake a rough order of magnitude estimate of both time and cost, so that thesponsor can allocate the final budget. What’s the range of a rough order ofmagnitude (ROM) estimate?A. (-10%) to +10%B. (-50%) to +100%C. (-50%) to +50%D. (-100%) to +200%Task: Assume that you have been contracted as a marketing consultant by a sportsorganization, and have been asked to develop and submit a marketing and sponsorship plan tothem. The marketing plan is a comprehensive, written framework for strategically obtainingmarketing objectives. The sport-marketing plan can be written for a single sportproduct/service, a group of products/services, a new promotional strategy, or an entire sportsorganization.The Marketing and Event Proposal should include the following:1. Executive Summary - a condensed overview of the marketing plan2. Introduction - Description of the event3. Marketing Strategies:• A strategy for Market Segmentation: What will serve as the basis forsegmentation, and why? What is the rationale for selecting the target markets?• A discussion of the Product: What is the core product, and what are theproduct extensions? 4. A discussion of the Place the event is held and the means of its distribution.5. A discussion and presentation of…The Jennings Construction Company has decided to bid on the construction for each of the two phases of a large project. The bidding requirements are that the costs for each phase be submitted separately together with a transition cost for turning over the first phase of the program to a second contractor should Jennings not receive both awards or perform unsatisfactorily on the first phase. The evaluation for the award of the second phase will not be made until the first phase is near completion. How can the transition costs be identified in the strategic planning model?
- (a) Why is it necessary to track Actual and Committed costs AFTER a project begins? (b) What does it mean when a Cost Variance is Negative, is this good or bad from a PM’s perspective? (c) How do Program Risks change as a Program progresses? (d) As the Program manager, what post-project information could be collected that could affect future projects? (e) When would it be smart to terminate a Program before its contractual conclusion?Two weeks after New Orleans was devastated by Hurricane Katrina, you made the decision to postpone the conference and select a different city to hold the conference Based on your initial objectives and a survey you took of the registered attendees, you created the following consequence table based on the information available ALTERNATIVES Cancel conference for this yearâschedule for next year Keep in New Orleans, but schedule for a later date (when the hotels re-open) Keep same dates, but move to another city Move to another city and schedule for a later date OBJECTIVES Maximize attendance Does not meet objectiveSenior management stated that cancelling is not an option Does not meet objectiveUncertainty on when New Orleans will be back in business is too far off Does not meet objectiveCost and logistics of finding a new location and getting attendees to change flights with such short notice is cost prohibitive Meets objectiveIn a survey…A project needs a specialized resource to work for 12 months. The company will outsource the position. The organization expects all potential service providers to be given the same information about the requirements. Which action should the project manager take to comply? A. Provide advanced notice to the existing vendor. B. Ensure the procurement management plan is sent to each service provider. C. Conduct a bidder conference with the service providers. D. Add each of the service providers to the stakeholder register..
- Give examples of when you would prepare rough order of magnitude, budgetary, and definitive cost estimates for an information technology project. Give an example of using each of the following techniques for creating a cost estimate expert judgment, analogous, parametric, bottom-up, and three-point estimates.Identify the Pricing Objective and the Demand of Reusable Facemask with high-quality materials. Can this be an alternative for disposable facemask? See the picture for the feature of the facemask. 1. Selecting Price Objective 2. Determine the Demand (Pandemic)6-8 sentences, please.1. Compare and/or contrast functionality versus performance in project quality management. 2. Does unit pricing favor buyers or sellers? 3. Is a cost-plus-incentive contract more favorable than a lump-sum contract?