Preview

Bus 375 Week 3 Assignment 2 Crosby Manufacturing Company

Better Essays
Open Document
Open Document
1283 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Bus 375 Week 3 Assignment 2 Crosby Manufacturing Company
Assignment 2: Crosby Manufacturing Company

Alhaji K Sesay
Strayer University
BUS 375: Project Management
Prepared for: Prof: Christopher Greco
6/5/2013

Crosby Manufacturing Company
Compose a synopsis of the case, using a maximum of 120 words.
The president of the manufacturing company of Crosby Manufacturing Corporation Wilfred Livingston, called a meeting with the department managers to resolve the current problem that the company have with their management cost and control systems (MCCS). The case study showed an update of the current MCCS, and also a plan to work on increasing the company’s business base and growth. Wilfred Livingston desires to bring in new computers with more advanced models to replace their current computers which
…show more content…
Time, in project management, is analyzed down to its smallest detail. Cost over runs can be easily resolved in-house, but schedule issues are open and visible to the customer. Choices have to be made about which work to do and how to allocate resources. Which may lead to constraints specifically in regards to time constraint and the cost constraint? Every components of the project are analyzed on the basis to the time that is required for completion of the project. When completion of this analysis is met, the components are then broken down further into the time required to do each task. And out of all of this we will be able to estimate the duration of the project as well as what and how many/much resources need to be dedicated to that particular project. Costs are usually related to the resources which are required in the project. Cost of a project refers to what needs to be applied or assigned to the project in terms of effort and money in order to complete the project. This includes resources like materials, manpower or any third party resources that night need to be secured. However, when we allocate additional resources to the project we need to redesign the schedules which may lead to different critical paths and therefore, make it even more difficult to manage the project. In other words, we cannot change cost or time without …show more content…
The constraints which ultimately compromise the project’s performance are the quality the driver constraints. These are constraints that do not fail without dragging the project down to failure along with it. This is also the least flexible of all the constraints. The other constraint is the middle constraint which are constraints that are not as rigid as the driver constraints neither they are very flexible. The last one is the weak constraint which is the most flexible constraints. These constraints are very important but still possess the greatest flexibility.
The project performance quality actually depends on how well the weak constraints are being managed keeping intact the driver constraints. Usually time, cost and scope constraints are the three constraints which are the ones which take on one of the roles of driver, middle constraint and weak constraints in a

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Proj586 - Week 2 Quiz

    • 932 Words
    • 4 Pages

    A) The triple constraint of project management describes the interdependency between the three cornerstones of a project: 1. Scope - all the work we have to do in order to create the clearly specified product. 2. Schedule - the time we need in order to create that product. 3. Budget - the total amount of money we need in order to create that product. If the scope is increased because of additional features added to the product then the time and amount of money has to increase as well. In order to shorten the time we could reduce the scope and consequently reduce the budget of that project. The time could be shortened as well by involving more resources…

    • 932 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    CMGT 410 Week 4 Resources

    • 508 Words
    • 3 Pages

    The allocation and cost of resources need to be carefully monitored if a project is to be delivered on-time and on-budget.…

    • 508 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    How do the five major variables of project management-scope, time, cost, quality, and risk – relate to this scenario?…

    • 1016 Words
    • 5 Pages
    Good Essays
  • Better Essays

    American Airlines filed for bankruptcy in November 2011. According to an interview with Richard Quest of CNN, Thomas Horton the new CEO of American Airlines stated that the company was forced into bankruptcy because of the cost disadvantages it faced compared to it’s competitors that had already gone through a bankruptcy. The news came as a shock to many. The company had enough money to sustain the losses that it may incur through the next year. Although the company had the money to operate, the company…

    • 1366 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    bubbaganoosh

    • 515 Words
    • 3 Pages

    If one of these constraints was to change, then the other two would be immediately influenced. To ensure that these essential constraints do not become detrimental to the project our team must follow similar standards that completed subdivision projects have put in place. Cost and Time will be managed by monitoring project performance closely through an Earned Value Analysis.…

    • 515 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Date constraints –> Date constraints establishes time milestones or benchmarks on a project that the entire construction team works toward…

    • 3773 Words
    • 12 Pages
    Powerful Essays
  • Better Essays

    BUS 644 Week 2 Assignment

    • 1031 Words
    • 3 Pages

    The American Hospital Association provides suggestion that hospitals can use to measure quality, but there is not a set standard that hospitals can follow to measure quality. However, there are four standards that many hospitals use or take into consideration when want to measure the quality of the hospital’s performance. The hospital can use regulatory inspection, surveys of consumers’ experiences, third party assessments, and statistical indicators.…

    • 1031 Words
    • 3 Pages
    Better Essays
  • Satisfactory Essays

    BUS 303 Week 3 Assignment

    • 470 Words
    • 2 Pages

    What is performance appraisal and why is it important? Performance appraisal is the process through which employee performance is assessed, feedback is provided to the employee, and corrective action plans are designed. (Youssef, C. (2012)) The main objective of performance appraisals are to evaluate a employee’s work performance, they are also important for organizations to use because they reflect the effectiveness and efficiency of achieving organizational goals and objectives. They are used to manage salaries, wages, and pay adjustments. They also provide performance feedback for employees and communicating points of strengths and weaknesses.…

    • 470 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    IT 205 final assignment

    • 1253 Words
    • 6 Pages

    • How do the five major variables of project management—scope, time, cost, quality, and risk—relate to this scenario?…

    • 1253 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Investiong in Tufs

    • 524 Words
    • 3 Pages

    Another thing that went wrong in the project is the imbalance between its scope and the scheduling of the project as result of the management pressure to produce fast result regardless of what feasible. This problem would have avoided if the scheduling of the project take into account what was possible more than what was desired given the scheduling of the project.…

    • 524 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Project Management

    • 1620 Words
    • 7 Pages

    A _______________ is a temporary endeavor undertaken to create a unique product, service, or result.…

    • 1620 Words
    • 7 Pages
    Satisfactory Essays
  • Powerful Essays

    The purpose of this case study is to describe and analyse the features of the management control system (MCS) of University of Southern California (USC). Before commencing the analysis a brief background of USC is provided.…

    • 3262 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    Three Project Objectives: The “Triple Constraint” Time  Cost  Scope ** Customer Expectations??? Scope Creep??  Time, cost, and performance are all related to a project…

    • 999 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    1) In project management, float or slack is the amount of time that a task in a project network can be delayed without causing a delay to:…

    • 10196 Words
    • 41 Pages
    Powerful Essays
  • Satisfactory Essays

    On the first place, management system is important for each enterprise. The human resource management is an obvious one. DSMAC has established a whole system of stimulation and restriction to employ excellent staffs. Both the human resource management system of cultivating and praising employees and “Hundreds Engineers joining DSMAC” activity have absorbed large batch of professional engineers entering into the enterprise. Besides, the cost management system saves much investment for the enterprise. Adopting various methods such as prediction, calculation, controlling, accounting, analysis, assessment, reward and punishment and so on, the potentiality is stimulated to control the cost. Therefore, the enterprise can still go through the difficulties even in any condition.…

    • 450 Words
    • 2 Pages
    Satisfactory Essays

Related Topics