Distinguish between capital project funds and debt service funds. How are they related and how are they different? What are the main types of transactions accounted for in debt service funds?
The course is Corporate Risk management.
1) I have to make a risk register but I only need help with the risk description: the expected outcome, and mitigation for the risk listed at the project level.
Mr. Pender is particularly interest in using the Amalgamated Power Company contract as the project level, since all SBUs of the company are involved and the contract worth $158,750,000.00 is by far the largest contract Justine and Early have ever entered into.
At the project level Justine and Early is most concerned with the following risks:
Site License issues
Work permits issues
Training of project workers
Project HQ work areas
Vendor and supplier issues
Coordination with Corporate and SBU
Workers Compensation costs and losses
Work Force Limitations
EPA/OSHA regulatory issues
The company is divided into three strategic Business Units
Road and Bridge
Each of these will be working on the Amalgamated Power Company project contract.
2) I just need help with the identification of the risk; the expected outcome ; and the mitigation at the Project Level. At the project level the project managers at Justine and Early are most concerned with the following risks:
You are a manager at Winsome Manufacturing Company, a company that produces plastic storage containers and sells them to the home consumer through home sales events. At the company’s quarterly meeting, the head of marketing described a new product to be introduced in the first quarter of the next fiscal year, approximately nine months from now. The product will be a room-sized plastic storage unit suitable to the outside of the home; it is similar to a competitor’s product but will have significantly more features. This product will open new markets for the sales channel, lay the foundation for add-on products, and generate new revenues. You have only seen preliminary sketches of the potential product but are very excited by the new product.
Because of your grasp of what needs to be done and your leadership skills, you have been chosen as project manager for this project. Your first order of business as the project manager is the development of the scope statement. Your boss has asked to see the sales deliverables. You have met with the sales manager and have a general sense of what support the sales team will require for the new product.
Background on Winsome’s Sales Structure:
The home sales force is actually managed (and contracted) through Winsome’s sister company. This sister company purchases products from various manufacturers, brands them, educates the sales representatives, and markets the products to the home sales event customer. Winsome’s sales department is responsible for setting prices, generating sales forecasts, monitoring sales activities, helping the sister company incorporate new products, and identifying new sales opportunities. In some cases, Winsome’s sales department has attended the sister company’s quarterly branch manager sales events and presented information on new products. The marketing materials are jointly created by Winsome and the sister company.
For the sister company to begin its branding and sales force education activities, it needs to have the product specifications, photographs of the product, pricing structures, and marketing materials.
You have a follow-up meeting with the managers of the sales and marketing departments next week. At that time, you will review a detailed write-up of the scope that describes what is included, as well as what is excluded.
In preparation for the meeting, create a description of the project’s scope only as it relates to the sales and marketing activities.
Describe the deliverables the team will produce, what type of information it will contain, and the level of detail expected.
Identify the exclusions to the scope.
Define any assumptions you are making about the rest of the project’s scope that impacts your decisions around the sales and marketing scope.
Include an additional page to identify key points you will share in your conversation with the managers, identify their possible objections, and detail your response to those objections. Emphasize the assumptions you are making, what you expect the sales department to do, and any follow-up that still needs to be done around the scope.
Compile your scope statement with deliverables, exclusions, and assumptions, along with your key points page for submission.
I need assistance please and ideas to compare and contrast at least three performance measurements. Discuss the importance of performance measurement within a project (APA format)
If assessible, please follow these textbooks:
Kerzner, H. (2006). Project management: A systems approach to planning, scheduling, and controlling (9th ed.). Hoboken, NJ: Wiley.
Meredith, J. R. & Mantel, S. J. (2006). Project management: A managerial approach (6th ed.). Hoboken, NJ: Wiley.
Discuss a performance improvement project you have been involved in or had knowledge of. What process was used to identify the need for an improvement and what steps were taken to work through the process to achieve the improvement? What challenges did you face along the way?
Select any project (preferably IT) that you have participated in. Describe how well the project budget and schedule were controlled, and evaluate why you think this outcome occurred.
What are some factors (patterns of behavior) that project a company’s culture? List several examples of organizations you work in.
If a person has been certified by a Project Management certification body such as PMI, IPMA, AIPM, APM but has never been on an IT project team, would you even consider hiring that person to manage an IT project? Justify your answer.
Given the following information for a one-year project, answer the following questions: Recall that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = $23,000; EV = $20,000; AC = $25,000; BAC – $120,000
What is the cost variance, schedule variance, cost performance index (CPI), and schedule performance index (SPI) for the project?
How is the project doing? Is it ahead of schedule or behind schedule? Is it under budget or over budget?
Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned?
Use the schedule performance index (SPI) to estimate how long it will take to finish this project.
Your firm designs PowerPoint slides for computer training classes, and you have just received a request to bid on a contract to produce the slides for an eight-session class. From previous experience, you know that your firm follows an 85 percent learning rate. For this contract it appears the effort will be substantial, running 50 hours for the first session. Your firm bills at the rate of $100/hour and the overhead is expected to run a fixed $600 per session. The customer will pay you a flat fixed rate per session. If your nominal profit margin is 20 percent, what will be the total bid price, the per session price, and at what session will you break even ?