Q.1.4. Which key factors could hinder project success? How can key project constraints jeopardize the accomplishment of project objectives?
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Q.1.4. Which key factors could hinder project success? How can key project constraints jeopardize the accomplishment of project objectives?
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- K2. CASE STUDY: Big drug firms generate profits by investing in R&D in the hope that they can discover new breakthrough solutions to medical problems. The process tends to be lengthy, often spanning many years, and fraught with risk as relatively few experimental drugs actually reach the commercial stage. Governments grant patent protection for a limited period to enable firms to recover their investment plus a financial return sufficient to compensate for risk. Absent continuous R&D reinvestment, existing products are subject to competition from generic drug manufacturers when patent protection expires. Big pharmaceutical companies have the option of reinvesting in their own R&D operations or partnering with or acquiring smaller biotech firms with drugs at various stages of development.76 With patent protection expiring for many of their primary cash-generating drugs, big pharmaceutical companies are aggressively pursuing biotech firms to help replenish their “drug…QUESTION Rockwater management added two financial measures. Project profitability provided focus on the project as the basic unit for planning and control, and sales backlog helped reduce uncertainty of performance. Rockwater wanted to recognize the distinction between its two types of customers: Tier I customers, oil companies that wanted a high value-added relationship, and Tier II customers, those that chose suppliers solely on the basis of price. A price index, incorporating the best available intelligence on competitive position, was included to ensure that Rockwater could still retain Tier II customers’ business when required by competitive conditions. The company’s strategy, however, was to emphasize value-based business. An independent organization conducted an annual survey to rank customers’ perceptions of Rockwater’s services compared to those of its competitors. In addition, Tier I customers were asked to supply monthly satisfaction and performance ratings. Rockwater…QUESTION Rockwater management added two financial measures. Project profitability provided focus on the project as the basic unit for planning and control, and sales backlog helped reduce uncertainty of performance. Rockwater wanted to recognize the distinction between its two types of customers: Tier I customers, oil companies that wanted a high value-added relationship, and Tier II customers, those that chose suppliers solely on the basis of price. A price index, incorporating the best available intelligence on competitive position, was included to ensure that Rockwater could still retain Tier II customers’ business when required by competitive conditions. The company’s strategy, however, was to emphasize value-based business. An independent organization conducted an annual survey to rank customers’ perceptions of Rockwater’s services compared to those of its competitors. In addition, Tier I customers were asked to supply monthly satisfaction and performance ratings. Rockwater…
- Question 1 (b) A company is considering to invest in eight projects. The estimated cost of each project, the perceived priority points, the estimated number of new jobs each project would create are provided in the Table 1. Table 1 Project Cost ($) Priority Points New Jobs X1 X2 X3 X4 X5 X6 X7 X8 5000 4500 600 2000 6000 800 3200 2500 3176 2774 3513 2928 4607 862 3829 2708 5 1 2 1 3 1 7 2 1. Formulate objective function for this 0-1 integer model to maximise the total number of perceived priority points. Considering the above problem write down mathematical equations for each of following conditions/constraints. 2. A budget of $21000 is available for the projects. 3. The company wishes to fund at most three of the projects. 4. The company wants to create at least 8 new jobs from these projects.…Question 1 (b) A company is considering to invest in eight projects. The estimated cost of each project, the perceived priority points, the estimated number of new jobs each project would create are provided in the Table 1. Table 1 Project Cost ($) Priority Points New Jobs X1 X2 X3 X4 X5 X6 X7 X8 5000 4500 600 2000 6000 800 3200 2500 3176 2774 3513 2928 4607 862 3829 2708 5 1 2 1 3 1 7 2 4. The company wants to create at least 8 new jobs from these projects. 5. Only one of the two projects, i.e., X3 and X5 should be funded at this time but not both. 6. The company believes that if it decides to invest in project X7 then it should also invest in project X8, and vice versa. [DO NOT SOLVE THE ABOVE MODEL YOU DEVELOPED IN QUESTION 1 (b).…Op1. True / False Questions If false, explain or correct it. 1. The product life-cycle theory argues that the developing nations will not produce a product if the product is highly standardized. 2.Those who work in the international environment find that decision making is more complex than it is in a purely domestic environment. 3. Countertrade is an efficient form of trade. It creates more value for both importers and exporters. 4. Unlike joint ventures, strategic alliances require the firm to bear all the costs and risks of foreign expansion. 5. Religion is not an important aspect of culture in countries that are secular where the church and state are split. 6. In a worldwide product divisional structure, each division is a self-contained, largely autonomous entity with full responsibility for its own value creation activities. 7. The need for coordination between units is greatest in firms pursuing a localization strategy. 8. New processes that might lead to a…
- Question 12: Which of the following best describes dispute resolution through a mediator? A) A process where a neutral third party facilitates communication between disputing parties to help them reach a mutually acceptable solution. B) A process where a judge hears arguments from both sides and makes a legally binding decision. C) A process where a party decides the outcome of the dispute without the involvement of any third party. D) A process where a mediator takes one side in the dispute and helps them win the case.Question Two As an investment advisor, you have been requested to advise a client on whether he should invest his ten million dollars in Zambia or in South Africa. What key theory would you apply to advise the client on the short term and medium term implications of investing locally and abroad?Question13: Which of the following best describes dispute resolution through an arbitrator? A) A process where a neutral third party facilitates communication between disputing parties to help them reach a mutually acceptable solution. B) A process where a judge hears arguments from both sides and makes a legally binding decision. C) A process where a party decides the outcome of the dispute without the involvement of any third party. D) A process where an arbitrator makes a legally binding decision after hearing evidence from both sides.
- 15 18 1 Kurtosis is an indicator used to determine whether a distribution is left-skewed or right-skewed. the flatness or peakedness of a distribution. Owhether a distribution is normal or non-normal. the asymmetry and deviation from a normal distribution. Question 3 Listen Which tool should be used during the Improve stage to identify the impact a project recommendation will have on the organization?Which of the following is NOT true about time zones in the context of synchronous communication? Question 7 options: The worldwide communication network makes it possible to assemble project teams from anywhere in the world. Most people work during daylight hours, which can make synchronous meetings difficult if the participants are in different time zones. Cities and countries to the north or south of each other observe local noon at different times. To prevent confusion between a.m. and p.m., times are given using a twenty-four-hour clock. Time zones can be an advantage in some circumstances.Question 1: Imagine yourself as a new contractor wanting to start a project. Describe how you will apply the five basic functions of management [planning, organizing, staffing, leading, & controlling] in preparing your company to implement the project.