completion time. (5 points) Answer: 30 days b) Identify the critical path (6 points) Answer: B‚ C‚ D‚ F‚ H c) What is the slack time (float) for activity A? (1 points) Answer: 5 days d) What is the slack time (float) for activity D? (1 points) Answer: 0 days e) What is the slack time (float) for activity E? (1 points) Answer: 4 days f) What is the slack time (float) for activity G? (1 points) Answer: 5 days Problem 3 The following data were obtained from a project
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Project Cost Control Tools & Techniques Jason Owens‚ jason@jasonowens.com Scott Burke Matthew Krynovich DJ Mance Last Updated: 1/15/07 Project Cost Control Tools & Techniques Contributors: Introduction Owens‚ Jason‚ jason@jasonowens.com Burke‚ Scott Krynovich‚ Matthew Mance‚ DJ The formatting and minor edits of this document have been updated since its original creation. Contact information for some of the contributing authors has been removed for reasons of privacy
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questions: (15 points total) a) Calculate the scheduled completion time. (3 points) 30 b) Identify the critical path (4 points) B‚C‚D‚F‚H c) What is the slack time (float) for activity A? (2 points) 5 d) What is the slack time (float) for activity D? (2 points) 0 e) What is the slack time (float) for activity E? (2 points)4 f) What is the slack time (float) for activity G? (2 points) 5 Problem 3 The following data were obtained from a project to design a new software package: Activity Duration
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SYNOPSIS ON BUDGETARY CONTROL AT RATIONALE OF THE STUDY According to the J. Betty “system which uses Budgets as means of planning and controlling all aspects of producing and/selling commodities and services” “ Budgetary control is the system of controlling costs which includes the preparation of Budgets ‚ co-coordinating the department and establishing the responsibilities‚ comparing the actual performance with the Budgeted and acting up in the results to achieve
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B 4 Days --- C 6 Days --- D 2 Days A‚ B E 1 Days C F 3 Days D G 3 Days E‚ F H 7 Days D I 10 Days G a. For the above information‚ draw an AIB diagram. [pic] Slack or Float = LF – EF or LST – EST Activities on the critical path have zero slack/float. b. What is the Scheduled Completion of the Project? 22 Days c. What is the Critical Path of the Project? B-D-F-G-I d. What is the EST for Activity D? Day 4 e. What is the LST for
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general‚ and to the company’s decision to- move‚ in particular. Big-Proj will receive the “big break” for which it is looking by ensuring compliance with the goals set forth in regards to the scope of the project‚ the timeline projections‚ and the budgetary requirement of $500‚000.00. Scope Big-Proj has chosen to name this project “Fiction Corporation’s Data-Center Move” to avoid any confusion with possible future contracts with Fiction Corporation‚ as well as to serve as memory hook‚ of sorts‚
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BUDGETARY CONTROL Budget is a plan which is expressed in terms of definite members: Eg. of a plan – Production has to be increased in the next quarter Eg. of a budget – Production has to improve by 10000 units from the last quarter to the next quarter. Definitions: According to ICMA “budget is a financial & / quantitative statements‚ prepared & approved prior to a defined period of time of the policy to be pursued during that period for the purpose of attaining a given objective. They may
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Financial Planning‚ 26(10). Ettredge‚ M.L.‚ Bedard‚ J.C.‚ & Johnstone‚ K.M.‚ (2008). Empirical tests of audit budget dynamics Frezatti‚ F. (2009). The effect of budget emphasis and information asymmetry on the relation between budgetary participation and slack Gostick‚ A‚ & Chester‚ E. (2009). The Carrot Principle: How the best managers use recognition to engage the people‚ retain talent and accelerate performance Ijiri‚ Yuji (2008). On budgeting principles and budget-audit standards. Accounting
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Chapter 1 Managerial accountingis the process of identifying‚ measuring‚ analyzing‚ interpreting‚ and communicating information in pursuit of an organizations goals. Managerial accounting is an integral part of the management process‚ and managerial accountants are important strategic partners in an organizations management team. Four fundamental management processes that help organizations attain their goals Decision making‚ Planning(developing a detailed financial and operational description of
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MASTER MINDS - QUALITY EDUCATION BEYOND YOUR IMAGINATION 8. BUDGETARY CONTROL 1. DEFINE THE TERM BUDGET. Definition: Budget is a financial and /or quantitative statement‚ prepared and approved prior to a defined Period of time of the policy to be pursued during that period for the purpose of attaining a given objective. It may include income‚ expenditure and employment of capital. Features: 1. 2. 3. 4. Financial and/or Quantitative Statement. Futuristic prepared and approved prior
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