1 3 5 E D 2 3 4 F C‚ D 1 2 3 G E‚ F 2 4 6 H C‚ F 1 1 1 I F‚ G‚ H 2 2 8 2. Construct the network diagram / Determine ES/EF &LS/LF. 3. Determine the critical path(s). 4. Identify activities that have slack times and also indicate how long the slack times are. 5. What is the probability that the completion of the project takes over 20 weeks? 6. What is the probability that the completion of the project takes over 24 weeks? #2 Suppose that a project requires the
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activities of individuals toward the achievement of organizational goals (Bateman& Snell‚ 2009). There are many mechanisms that a corporations use. Wal-Mart is a large corporation that uses controls such as Bureaucratic control‚ Market control‚ budgetary control‚ and feedback control. In this paper it will define the four mechanism controls‚ compare‚ and contrast these controls‚ determine the effectiveness of these mechanisms‚ state the positive and negative reactions to these controls‚ and explain
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Study Objectives: construct a network diagram for a project determine critical path and expected completion time of a project with deterministic task times (note: some of us also do calculations for probabilistic times‚ but not required) calculate slack times for a particular task know how to “crash” a project down to a certain completion time at the lowest cost (note: just the concept of crashing needs to be discussed and not the calculations; some of us do the calculations‚ others do not) Discussion
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Budgetary Control Meaning and Need for Budget Everyone is familiar with the idea of a budget because it is essential in every walk of our life – national‚ domestic and business. A budget is prepared to have effective utilisation of funds and for the realisation of objectives as efficiently as possible. Budgeting is a powerful tool to the management for performing its functions (i.e.‚ formulating plans‚ coordinating activities and controlling operations etc.) efficiently. CIMA London defines budget
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and manage the inventory properly then the company is benefited. (By reducing holding and carrying cost of inventory.) Thus after studying inventory Management the important activity which is done on quarterly basis in the account department is Budgetary Control in which operating Budget expenses is to be control in Mahaindra & Mahindra Co. Ltd. Nagpur Branch. A Budget is a plan which relates to a definite period of time and which is expressed in quantitative terms. It is thus a predetermined
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performance objectives as used in the book of Slack et al. (2010: 40) are quality‚ speed‚ dependability‚ flexibility and cost. These performance objectives are the specific aspects of performance on which an operation is judged. What does the customer think is important? In the case of VBA‚ the operations performance objectives that are the most important to build into the design process are speed‚ quality and dependability (reliability). Speed: According to Slack et al. (2010: 42)‚ ‘speed’ is the
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plastic household items in England. (Slack‚ 2010) Their factories have the ability to ship products to its customers within one week. The manufacturing operation is based on batch production‚ employing 24 large injection-moulding machines. TEP has recently been faced with declining delivery reliability and backlog. Apparently resulting from ‘split batches’ where only part of a planned production batch is produced to overcome immediate shortages. (Slack‚ 2010) The company employed consultants
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INTRODUCTION 1.1 INDUSTRIALISATION: Industrialization is the process of social and economic change whereby a human group is transformed from a pre-industrial society intro an industrial one. It is a part of a wider modernization process‚ where social change and economic development are closely related with technological innovation‚ particularly with the development of large-scale energy and metallurgy production. It is the extensive organization of an economy for the purpose of manufacturing
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Introduction For this piece of assignment‚ a cash budget will be made for Doomy Corporation for the second quarter of the year. For this budget‚ all the sales figures for the second quarter and some of the expenditure have been given. Hence‚ to prepare a cash budget‚ the sales figure given will be used and some calculations will be worked out in order to fully prepare an outstanding budget for Doomy Corporation the following information will be used efficiently. “Doomy Corporation‚ a rapidly expanding
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Northwest Missouri State University 51-646-40 - Managerial Accounting January 12 – February 14‚ 2013 – St. Joseph site Instructor: Dr. R. Wood Office: Colden Hall 2100 (Maryville campus) Telephone: 562-1759 e-mail: wood@nwmissouri.edu Secretary: 562-1835 COURSE DESCRIPTION: A graduate level course in the principles and theory of managerial and cost accounting information. The course firsts develops an understanding of the concepts and procedures for a
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