------------------------------------------------- ASSIGNMENT ON COST CONTROL AND COST REDUCTION ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- -------------------------------------------------
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of shortening project schedules? In some situations project manager will have to get the project schedule shortened. One method for accomplishing this is by shortening the durations of the activities in the critical path. This can be done by allocating more resources to perform the activities or by making changes in the scope. Project Crashing and Fast Tracking are two methods useful for shortening the project schedule. Crashing is a technique for schedule compression. It makes
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be used to perform the measuring and controlling of the project costs. The Project Manager and Project Sponsor will review the following earned value measurements: 1. Schedule Variance (SV) 2. Cost Variance (CV) 3. Schedule Performance Index (SPI) 4. Cost Performance Index (CPI) 5. To Complete Cost Performance Index (TCPI) 6. Estimated Actual Cost at Completion (EAC) Schedule Variance (SV) is a measurement of the schedule performance for a project‚ and is calculated by subtracting the Planned Value
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(Shields 9). For over 100 years‚ most schools have adhered to a traditional summer vacation schedule which stemmed from our primitive technological resources and advancements. However‚ as technological growth was made schooling throughout the year became more practical and thus the concept of a year-round schedule was introduced. With year-round schedules now becoming ever more prevalent and traditional schedules becoming slowly obsolete‚ a debate has sparked between the merits of the two. This debate
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Q: Is depreciation expense or depreciation cost is fixed cost or variable cost in nature? Fixed costs: Fixed costs are such costs that do not change with the change in activity level within the relevant range. Where relevant range can be defined in terms of time or activity level. Variable costs: Variable costs are such costs that change with the change in activity level . Coming to the question‚ depreciation expense or depreciation cost can either be fixed or variable and this depends on the
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under efficient operating conditions absorption costing all manufacturing costs are assigned to products: direct material‚ direct labour‚ variable and fixed manufacturing overhead acceptable quality level (AQL) the defect rate at which total quality costs are minimised account classification method (or account analysis) the process in which managers use their judgement to classify costs as fixed‚ variable or semivariable costs accounting rate of return (or simple rate of return‚ rate of return on assets
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Researchers Louis P. Hagopian‚ Wayne w. Fisher and Steven Legacy ask the question is it necessary to begin with a dense schedule before fading to a lean schedule‚ or would treatment be as effective using a lean schedule at the start. In the study‚ they attempted to replicate the findings of Vollmer. Vollmer’s findings were using noncontingent reinforcement(NCR) to treat self-injury and used attention to maintaining the correct behaviors. The thought is that if NCR could be applied to self-harm maybe
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“Facing to yourself‚ Luke‚ facing to all the challenges! ”‚ a sound always said to him‚ shear panic holding him in place‚ Luke Garner‚ the main character in Among the Impostors‚ had spend his whole life in hiding‚ and had a great fear of the Population Police. His life is different from other children‚ full of challenges and dangers‚ the reason for all of this is that he is an illegal third child‚ to be seen by them‚ was certain death. It’s time for Luke to accept the responsibilities he felt to
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6: Management Accounting and Cost Case: Shelter Partnership a. My main learning outcomes from Topic 6 and the Case Study; 1) Firstly‚ I realize management accounting has much to offer. Somehow I can handle physics but not accounting. Now thanks to this course I can appreciate and make sense of it. The bit that really caught my attention was seeing how management accounting can be really useful for business planning‚ cost management‚ budgeting and performance measurement. It offers critical
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different quality material from standard; Buying materials from a non‑usual source due to urgency; Utilising different labour from standard; Price changes due to economic conditions; scarcity of supplies; Choosing to incur additional discretionary fixed costs; More (or less) overtime hours used than budgeted. 2. Efficiency/usage/quantity variances: Standard is out of date‚ set without due care; Inefficient use of material/labour‚ deliberate or otherwise; Poor supervision/equipment/maintenance.Changes in
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