Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Discuss (1) at end of year appraisal and (2) at end of project appraisal.
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- 3. There are three levels of depth when studying project evaluation: The profile or identification of the idea, the prefeasibility study or preliminary project and the final project. What does each of them consist of? Explain in detail.arrow_forwardHow does the Analysis Period differ from Project Live?arrow_forwardDescribe the role of project manager in project planning. Use a specific case examplearrow_forward
- The difference between project feasibility and project appraisal and their significance to project sustainabilityarrow_forward5. Outline reasons for which a Project Approval Team may have to choose to terminate a New Product Development activitiesarrow_forwardProfessional Benefits for a project management course. Organizational Benefits for a project management course.arrow_forward
- For the BI software, the IT Manager selected the companion product to the Accounting & HR Software she recommended. All the integration to the accounting databases, as well as a full set of standard reports, was provided “out of the box”. She had negotiated a one-time license cost for this product at $225,000. The funds would have to be committed in the same year as for Project A but the implementation would start one year after the Accounting & HR software had been deployed. The IT Manager predicted that improved decision-making enabled by the software would increase profits by $70,000 the year following implementation, increasing by $6,000 per year thereafter. Support and maintenance costs would amount to $21,500 per year, starting the year following implementation. The IT Manager negotiated to fix (cap) the maintenance and support costs over the ten-year expected life of the software. Perform a Payback Period and Discounted Cash Flow (NPV)analysis and Internal rate…arrow_forwardCase: Friendly Assisted Living Facility-3 (pg.104) Q1: Define the deliverables for this project Q2: Define the constraints and assumptions for this project Q3: Develop a preliminary Level 1 WBS Q4: Develop a RACI matrix for this project based on the level 1 WBS Q5: Would a Project Charter have been useful here? Explain. C A S E Friendly Assisted Living Facility-3 Continuing with the ALF Steering Committee meeting Fred led a discussion of all the major steps that must be included in the project plan, and inked each team member to identify the areas for which they would accept responsi bility. The hospital's Construction Project Manager took responsibility for the constructions of the facility, and the COO volunteered to oversee the building design, as well as define the needs for food services, housekeeping, staff ing, and policy and procedure development. The CFO agreed to develoys the budgets for each area of the project as well as the operating budget for the facility.…arrow_forwardGive some examples of Project Cost Elements?arrow_forward
- 1.Analyse the significance of gearing and insolvency for project cost managementarrow_forwardExplain in detail the effects on project indirect cost when a job is lengthened and when it is shortened.arrow_forwardWhat are the Report writing process and utility of project report to project managementarrow_forward
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