following data at the end of month 4: Actual cost to date = $79‚800 (This is what I actually spent by the end of month 4) Planned expenditures to date = $101‚000 (This is what I should have spent by the end of month 4) The CFO is excited and has sent you an email congratulating you for being 12.07% under budget. However‚ is it really time to hold a team celebration? That would be fun but your project manager mentality kicks in. Those numbers look good but how are we ‘really’ doing? To understand
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buyers as per agreed schedule and price. As result‚ the project schedule and cost are defined to achieve the objective. Project schedule and cost are known to work in equilibrium. Where one of these dimensions is restricted or extended‚ the other dimension will then also need to be either extended/increased or restricted/reduced in some way. Given that quality must not be compromised‚ this paper aims to describe how to get the optimum balance of project schedule and cost on an onshore gas processing
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CLICK TO DOWNLOAD PROJ 592 Project Cost and Schedule PROJ 592 Final Exam 1 1. (TCO B) Estimating Procedures (a) You are the project manager for a new high-rise office building. You are working on estimating the exterior landscaping for the new development. The landscaping requires the use of a special landscape stone. Based on recent experience the most likely price for the material is $120.00/ton. However‚ the price for this stone is volatile‚ and the price fluctuates over time based on market
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Cost of Goods Checkpoint Cost of Goods Checkpoint A multi-step income statement for a trading business highlights the fact that between 40% and 60% of revenue from sales is accounted for as the cost of goods sold. The cost of goods attributed to a company’s products is expensed as the company sells these goods. There are several ways to calculate COGS but one of the more basic ways is to start with the beginning inventory for the period and add the total amount of purchases made during the
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Work Breakdown Structure – Quiz 1 See tutorial in Week 1 lecture. a) In order to accommodate the smaller budget‚ the project manager will extend the schedule because the resources are not as efficient and/or reduce the scope. The triple constraint should always be balanced. b) The quality is reduced because there are less resources to accomplish the task in a high-quality fashion. (TCO B) You are a project manager for a new Hardware Software Project. You just received the project charter and
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A figure of cost of goods sold reflecting the cost of the product or good that a company sells to generate revenue‚ appearing on the income statement‚ as an expense. Also‚ referred to as "cost of sales". It is essentially a cost of doing business‚ such as the amount paid to purchase raw materials in order to manufacture them into finished goods. For example‚ if a $10 widget costs $6 to make‚ then the cost of goods sold is $6 per widget. That is‚ the cost of goods sold is equal to the beginning
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ding costs. Low interest rates have also contributed to extraordinary growth in non-maturity deposits that may be vulnerable to run-off and significant upward repricing. Loan growth generally has been tepid‚ putting pressure on asset yields and on underwriting standards as lenders compete for higher-earning assets. The search for higher asset yields also is evidenced by growing portfolios of longer-duration investment securities. Profitability and productivity have been dampened by costs incu
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The Manufactured Crisis written by David C. Berliner and Bruce J. Biddle is a book disproving the horrible reputation America’s education system has been given by the media and by the government. Americans have almost been programmed to believe that the public school systems are failing and that in order to make their children successful they have to be sent to private schools. The Manufactured Crisis is a well written book jammed packed full of research and observation that overwhelming disproves
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You have two types of inventory making up your cost of goods sold: 1. Direct materials: This is the inventory the you purchase to make the products. For example‚ to handcraft a leather purse‚ you may purchase leather‚ zippers‚ snap‚ grommets etc. 2. Work in process: This inventory category includes direct materials that have been partially but not completely made into sellable products - for example‚ your leather purse is missing a zipper closure or straps. Ok‚ now that you understand the two different
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Describe the industry and the company’s competitive strategy. • Sold mobile homes in the Southeast US‚ primarily to low-income individuals who could not afford a traditional single-family home • Sold most of its installment contracts to financial institutions on a recourse basis Then identify and explain very briefly what you think are two key success factors‚ and two major business risks it faces in realizing its strategy? • Success Factors o Ability to buy in bulk from manufacturers‚
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