Project Management • • • • • Introduction to project management Critical path method (CPM) Crashing Uncertain activity durations Reading: Page 760 – 794 Project • Project: – A special type of process / transformation – A series of related jobs directed toward some major output – Require time and resources – Examples • MS Windows 2000‚ Fund raising‚ Preparation for a private party‚ Building a new airport… The Campus Wedding Reserve Church (1) Church Notice (17) 1 Decorate Church
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is based on the assumption that the future will be an extrapolation of the past. Judgmental forecasting relies upon opinions and expertise of people in developing forecasts. Chapter 12 What is inventory management and why is it important? Be very detailed and specific. Inventory management is the planning‚ coordinating and controlling the acquisition‚ storage‚ handling‚ movement‚ distribution‚ and sale of raw materials‚ component parts‚ and subassemblies‚ supplies and tools‚ replacement parts
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Question: How does Operations and Supply Chain Mgmt enhance company profitability? 1. Content 2. Charts and Graphs 3. Evidence to support your position 4. Examples that highlight your conclusion Table of Contents: I. Executive Summary…………………………………………………………………………………………………………………….2 II. Operations Management and Profitability………………………………………………………………………………….3 III. Supply Chain Management and Profitability……………………………………………………………………………….5 IV. Examples/Case Studies………………………………………………………………………………………………………………
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FACILITY LOCATION There are many analytical techniques that can be used in facility location decisions.Some of these are: 1) Factor Rating 2) Cost-Profit-Volume analysis 3) Center of Gravity Method‚ etc FACTOR RATING METHOD It is most widely used analytical technique. it is most popular technique because a wide variety of factor can be included in the analysis .It is useful for service and industrial location. In this method to merge quantitative and qualitative factors‚ factors are assigned
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The company targeted budget-minded consumers with the slogan "Where the Lowest Price is the Law." In the face of fierce rivalry from WalMart entering the competitive landscape and various operational shortcomings‚ Zellers made several strategic decisions and changes. After 1998‚ Zellers was using a niche market strategy‚ by adjusting its mission to become a "mom’s store." Zellers focused on offering fair value to consumers‚ as opposed to the lowest price. The company moved away from the low cost
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LOCATION STRATEGY/PROCESS STRATEGY 1. The locational factors considered in establishing the establishment. Answer: The preference in building an establishment should be one of the factors that an entrepreneur should be considered. As what I concretely observed in one fastfood restaurant i.e Jollibee Virac‚ the or its location is perfectly planned and planted. I can say that it is in perfect location because (1) it is in the vicinity of the center mall which obviously consumers always go there
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Financial management decisions: 1. Capital budgeting (investment) – the whole process of analyzing projects and deciding whether they should be included in the capital budget. Spending capital on assets that will yield highest return for comp over desired time period What to buy so that comp will gain most value 2. Capital structure (financing) – the manner in which a firm’s assets are financed; that is‚ the right side of balance sheet. Capital structure is normally expressed as the percentage
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Question 1: The Zara case shows how information systems can impact every single management discipline. Which management disciplines were mentioned in this case and how does technology impact each? (50% of the total mark) The case study mentioned management disciplines including information gathering‚ processing‚ storing‚ distributing and use of information. Gather market information One of the successful factors in Zara is they know the market trends. Zara deploys the latest information technology
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Importance of Operation Management and its Key Elements WH Smith is a British retailer‚ well-known and publically-quoted book retailer‚ and newsagent and entertainment product in the UK. Recently it was reported how Kate Swann‚ the former CEO for the last 10 years‚ has turned the company around from £135m losses to £106m profit in a decade (Holland). The reason behind this profit is the right decision of Kate Swann. Now let’s see what she did to make WH Smith profitable (Creevy). 1.1 Operation Management
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2013 CAS Online Course 1 Risk Management and Insurance Operations Risk Management and Insurance Operations is called Online Course 1 by the CAS and CA1 by The Institutes. (Prometric lists this course as CAS1 on its Web site under The Institutes.) Online Course 1/CA1 prepares CAS candidates for a two-hour‚ seventy-five-point multiple-choice examination. The online course and exam were developed collaboratively with The Institutes. The online course is available through the CAS Online Courses
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