ECON2209, Business Forecasting, 2014 S1 Course Project (14% + 3% in Total) 1. This project has a value of 14% of the total assessment. In addition, there is a teamwork component worth 3%. The teamwork mark will be based on the online self and peer assessment (see Teamwork Assessment section at the end of this document). 2. This project must be completed in a group of 3 or 4 students. The members of a group come from the same tutorial class. Groups have been alphabetically assigned. Each group is identified by a class number (e.g. Class 2649) and a group number (e.g. Group 2). Please check the spreadsheets in “courseProjectGroups” to see the group you belong to. Each group must select one person to submit the project. Each group …show more content…
Your task is to analyse the data and provide answers to the above questions. While your client does not use any technical jargons, you realise that the answer to Part (a) requires the construction of a proper econometric model for the historical building approvals, which will in turn produce the answer to Part (b). Your report should have four sections. The “Executive Summary” section should contain a summary of your answers and conclusions to the client’s questions. In the “Main Report” section, you should report how you analyse the data, build and check the model, and produce the answers and conclusions. This section justifies the contents of “Executive Summary”. In the “Further Issues” section, you should comment on the likely shortcomings of your results. The “Appendix” section should hold the set of EViews commands used in your analysis. Further you do want to impress your client by delivering a nicely presented report. Hints • • • • • • • • • • Total length of your completed project, including all discussions, tables, graphs, EViews commands, and the cover page, should not exceed 12 pages. The marks are distributed as: 1 mark for Executive Summary, 11 marks for Main Report, 1 mark for Further Issues, and 1 mark for Appendix and overall presentation. Use the principles/models/techniques up to the end of BF-09 and the end of Chapter 10 of the textbook (inclusive). The project
of the members were given and we were asked to finish a project on a
In an online class setting, it can be very challenging to work on a group project that requires the participation of every group member and completing the project on time. This group project was successful one each individual had because we used proper communication to assign tasks, roles, and deadline to complete the project.
3. What are the objectives (in measurable terms) of the project? Is the goal achievable in
For the purpose of grading the project you are required to perform the following tasks:
Group Tasks: Yuting will gather the materials, mix the cereal with water and type the report. Jocelyn typed the proposal and will do the experiment. Xiayi will record the data and support Yuting types the report. All will be there when the experiment is done, and we will complete the report
As part of the requirement of this assignment we used the social inquiry approach. As a self selected groups of five we began by planning the deadline for the different task and who was responsible for each task, as the first part of the social inquiry process. I find that through working as a group for this assignment we were able to utilize the strengths of each member of the group. As a result, we were able to maximize the quality of each section of the this assignment. After completing each section, we would give each other feedback and possible improvement to once again maximize the quality. To make everything easier we decided to use google doc to work on our assignment so all work is live and open for every member of the group to see.
Use the following form in a class exercise as directed by your instructor to analyze your project idea or the idea of someone else in your class.
Your case assignments and the final project will be done in groups of 4. In an effort to
Discuss the value that training and teamwork will bring to the success of the project
When looking back at the childcare center project for class, the first “Project Variable” is: Are the project expectation clearly defined and stable? This project variable scores a 1= Yes, because the project expectations were clearly defined by the instructor of the class. Each team was given different assignments that were clearly established and stable by the instructor’s instructions. After each team decided and voted for its leader, the leader then assigned team members task(s) to complete and gave a deadline to have assigned task(s) for the finished product to be assembled. This was a learning experience for each member, one as a student and two as a team, which moves us to the next variable. The second “Project Variable” is: What is the time frame for completing the project? This variable score is 1=less than 50 hours, this assignment was given mid-semester. The project could only be worked on in the classroom during the schedule time for class, and after the instructor’s
a higher result. If an assignment is sliding below its overall performance targets, a higher risk should be maintained to achieve its objective. COMMUNICATION OF PROJECT POTENTIAL: Listed here are important aspects which will be under purview of the assignment and will be transposed to the stakeholders for evaluation, when the present position of the assignment modifies: Quality - the venture will be monitored for any quality modifications in performance. Any requirements which were set in the basic estimations will be followed all through the assignment. If those requirements fail to be fulfilled, notices will be sent instantly. Cost - the stakeholders have got the
The industry sponsored senior design course at Cal State LA focuses on the needs of industry. Its goal is not only to improve students’ motivation, confidence, resilience, problem solving and critical thinking skills, but also to improve students’ communication, writing, and collaborating skills. This course also provides the students many opportunities to apply the concepts of software engineering that they learned in classrooms to develop software that is reliable, flexible, maintainable, and that works efficiently in real world. This course is designed to train students to use knowledge and skills of software development to implement
When someone has an idea to create an organization, be it a business to generate income or a non-profit designed to help others, the long-range goals are to not only survive, but to continue in a way that is not only beneficial to the stake holders, but also to those that are served by the business. It is never a thought that the endeavor should be started to fail, at least in most cases. Unfortunately, there are many aspects to continued growth and development beyond those that plan on the expansion of the consumer base and increase of production. Much as developing a business plan, strategic forecasting aids in developing long-range plans and considers the ‘what-ifs’ that any organization can encounter and in fact, often looks to the problems that seem implausible or even ridiculous (Hines and Bishop, 2015, p.19). As a professional presenting to an organization there are many different aspects of the business to consider but the most important is being able to integrate new ideas and processes into the present vision, mission and goals of the company (Hines and Bishop, 2015, p.39). In doing so it is possible to present information that is truly uncomfortable along with undesirable outcomes to jump-start the process of a cultural shift within the organization (Hines and Bishop, 2015, p.307-308).
4) Each project team member will allocate 2 hrs per day to the project over