The five major variables of project management are essential in pretty much every project. Time which would is the amount of time required to complete the project. Typically it is broken down into the time required to complete the components of the project. This is then broken down into the time required to complete each task contributing to the completion of the project. Then there is cost which will typically be determined by the consultant or contractors hourly rate multiplied by an estimated
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Types of Variables Binary variable Obsevations (i.e.‚ dependent variables) that occur in one of two possible states‚ often labelled zero and one. E.g.‚ “improved/not improved” and “completed task/failed to complete task.” Usually an independent or predictor variable that contains values indicating membership in one of several possible categories. E.g.‚ gender (male or female)‚ marital status (married‚ single‚ divorced‚ widowed). The categories are often assigned numerical values used as lables
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management concluded the large fixed cost absorbed sale figure. First it is important to understand the standard costing system implemented in Rubber group. Standard costing assigns quantity and price standards to each component of variable and fixed costs in calculating the total cost. In the case of NASA‚ the system uses standard purchasing price (input cost) and standard inputs usage in place for variable costs‚ and standard spending price (input cost) and standard
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The Case of Variable Laminates Name Grantham University Abstract A plywood manufacturer has tasked me with finding a solution to their problem regarding the inconsistency of their laminate cutting process. In order to find out where the problem lies‚ I will use an experimental design. Experimental design is a formal plan that details the specifies for conducting an experiment‚ such as with responses‚ factors‚ levels‚ blocks‚ treatments and tools to be used (Sower‚ 2011‚ p. 155)
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Ronald Coase noted‚“The cost of doing anything consists of the receipts that could have been obtained if that particular decision had not been taken.” For example‚ the opportunity set for this Friday night includes the movies‚ a concert‚ staying home and studying‚ staying home and watching television‚ inviting friends over‚ and so forth. The opportunity cost of taking job A included the forgone salary of $102‚000 plus the $5‚000 of intangibles from job B. Opportunity cost is the sacrifice of
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TYPES OF COSTS Introduction :-Production is the result of services rendered by various factors of production.The producer or firm has to make payments for this factor services. From the point of view of the factor inputs it is called ‘factor income’ while for the firm it is ‘factor payment’‚ or cost of inputs.Generally‚ the term cost of production refers to the ‘money expenses’ incurredin the production of a commodity. But money expenses are not the only expensesincurred on the production
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This course gives personal trainers & fitness professional accreditcation to teach boxing fitness workouts. This course teaches how to use boxing for fitness it is non-contact fitness boxing pad course. Study our online nationally accredited courses when and where it suits you. Get the same certificate as completing the course in a classroom but you do the course at your own pace and in the confront of your own home. Our course Elite Fitness Boxing Trainer is a nationally accredited online course
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Fitness ’ The New Mantra Is it a Fad or a Lifestyle Fitness is suddenly a new buzzword.Everybody is talking about keeping themselves fit .It has caught the fancy of the people of all ages ‚shapes and sizes .Our neighbourhoods have seen a mushrooming of gymnasiums and spas. Earlier they were seen only in five star hotels but now can be seen at every street end or a part of every society .It has become customary for every society to have a ‘gym’ also .This phenomenon can be partly attributed
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Goodlife fitness represents a company defined by a transformational vision‚ and it has created‚ communicated‚ modeled and built that vision into a socially responsible‚ customer oriented organization. Goodlife fitness is a privately owned national chain of fitness clubs founded by David Patchell-Evans in 1979. Goodlife comes under Canada’s 50 best managed companies for the past 6 years. In the 31 years Goodlife has been in business‚ they’ve proudly helped more than 750‚000 members enjoy a healthy
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The Gym Fitness Centers 1. Company Description Since 1992‚ The Gym offers a wide range of team activities from basketball‚ volleyball and soccer from the very young players to adults. Our program caters to all different levels and competitive desires. The Gym is just not for team sports‚ we also cater to those looking for fitness programs from cardio to weightlifting. At The Gym you’ll find all of the latest cardio and strength training equipment along with a dynamic group exercise program
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