Assume your boss requests you to inflate the benefit statistics for an IT proposal to boost a favorite project's priority. Is this ethical? Shareholders are affected by internal cost-benefit analyses. So, why?
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Assume your boss requests you to inflate the benefit statistics for an IT proposal to boost a favorite project's priority. Is this ethical? Shareholders are affected by internal cost-benefit analyses. So, why?
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- Joy Pechum, CEO of California Anesthesiology Group (CAG), was sitting in her office, preparing the agenda for the meeting of the board of directors to be held next Sunday. She thought about what to offer the board as an explanation for why she would spend $20,000 to deploy standardized project management methodology. At that moment the phone rang. She picked it up and heard the voice of Patrick, her VP of finance. He began, “Joy, I have a vendor invoice here. It shows that Dr. Squirrel had bought a computerized patient management system, costing $250,000. Its deployment would cost us another $250,000, i.e., a total of half a million dollars! All I want to know is whether you have approved it.” “No, I have not,” answered Joy hanging up angrily, trying to visualize the face of Dr. Squirrel, a big gun in the company, both as an anesthesiology expert and shareholder owner, when she tells the board about this purchase. OUR UNIQUE PRACTICE CAG is a for-profit company of 200+ medical doctors…monthly Budget and Saving for RetirementSubmission RubricYou will use PowerPoint (or Google slides) to create a presentation for this project. This rubricwill outline how to organize your information into your presentation. It will detail slide by slidewhat information should be included and what questions need to be answered?Discuss the potential effects of IT professionals' disdain for project expenditure management on the successful conclusion of projects. Outline the steps involved in creating a budget for a project. What is the definition of sunk cost? Provide examples of both common IT sunk costs and your own sunk costs. As to why it's so hard to ignore them:
- IT projects require large amounts of capital and selecting one project often means foregoing others. Furthermore, IT projects often involve changes in business processes that will affect substantial portions of the organization Explain potential benefits of IT initiatives and how to evaluate them Assess potential costs of IT initiatives and how to evaluate themTalk about your thoughts around the dangers of assuming during the business definition phase. What might need to take place to avoid high risk misconceptions about project scope and purposeCheck My Work Read the following scenario and answer the question in 5–10 sentences.You are the CEO of a multinational clinical trial corporation. The next step in your corporate goals is to take the company public. You send a retainer letter to Upright Accountants laying out your plan, along with a note affirming the financial strength of your company, and a check for $100,000. The check should well cover the cost of an external audit to be performed by Upright and for 75 certified financial statements that you intend to send to potential investors and lenders. At completion of the audit, the statements vastly overstate the worth of your company. Pleased with the results, but somewhat suspicious, you rely on the certifications to take the corporation public and release an IPO in the amount of $25 per share. As the CEO, what are your concerns?
- On Monday, you have lunch with your co-workers and good friends, John and Marty. John shares with both of you that he has been interviewing with other companies and, in fact, is expecting an attractive offer from a competitor by the end of the week. He asks that you both keep it confidential, because the offer may not come in, or he may not accept it. But in all likelihood, he’s probably going to resign on Friday.On Tuesday, you have lunch with your boss, who says that the company’s financial position does not look good, and that they’re going to have to reduce overhead by cutting one (1) person on the staff by the end of the week – and the President must have the name no later than noon on Thursday. As difficult as it will be, your boss is leaning towards Marty – who you both agree has been a great employee, but perhaps the least productive of all the salespeople. He asks for your opinion on who you think is the most expendable employee on the sales team.…Answer it correctly please. I ll rate accordingly with multiple votes. My last attempt. Don't use chatgpt and explain well. If you had a limited budget and you wanted to allocate it among a variety of potential silvicultural projects to maximize the economic benefits, what criterion would you use to established priorities among projects?Alpha Company has implemented a plan whereby functional managers will be held totally responsible for all cost overruns against their (the functional managers’) original estimates. Furthermore, all cost overruns must come out of the functional managers’ budgets, whether they be overhead or otherwise, not the project budget. What are the advantages and disadvantages of this approach?
- A fire destroyed a large percentage of the financial records of the Carter Health System. You have the task of piecing together information to prepare a financial report. You have found the profit margin to be 5.4 percent. If sales were $4 million on total assets of $2 million and the amount of debt financing was $800,000, what was Carter’s return on equity? (Hint: Use the Du Pont equation to answer this question.)For this project, participants must develop a thorough understanding of their most recent or existing organization or the subset such as sales, marketing, manufacturing, etc., in which they have worked. Participants are required to prepare a comprehensive report intended for the top management that will justify the implementation of the reforms to the human capital strategy. The report must contain four parts. 1. In the first part, assess the existing internal and external situation and associate the organizational/divisional success to human capital capabilities. 2. In the second part, develop a detailed set of capabilities, skills, and knowledge that managers, leaders, and employees would need to drive organizational or divisional success. 3. In the third part, formulate strategies for moving toward the future state described above. The strategy must be noticeable, specific, and based on the situation assessment above. 4. Finally, present a timeline and a list of planned…You are the IT director at Attaway Airlines, a small regional air carrier. You chair the company’s systems review committee, and you currently are dealing with strong disagreements about two key projects. The marketing manager says it is vital to have a new computerized reservation system that can provide better customer service and reduce operational costs. The vice president of finance is equally adamant that a new accounting system is needed immediately because it will be very expensive to adjust the current system to new federal reporting requirements. The VP outranks the marketing manager, and the VP is your boss. The next meeting, which promises to be a real showdown, is set for 9:00 a.m. tomorrow. How will you prepare for the meeting? What questions and issues should be discussed?