Q.2. Cathy works for a bank who is evaluating a new software system at the company HQ to replace an aging one. The team consists of Cathy, who is an IT analyst; Jon, who is an Operations director; Caitlin, who works in Purchasing; and Daniel, who is a staffer in Customer Service. The team will work with several vendors to evaluate their products, rate the systems, and issue a report to senior management in 3 months. This is an example of what kind of team?Select one? Planning team Manager-led team Cross-functional team Virtual team. (2)

QUESTION ONE(a) Mr. Sak is interested in developing and marketing a new drug. The cost of extensiveresearch to develop the drug would be 100,000. The manager of research programme saidthat there is 60% chance that the drug will be developed successfully. The market potentialis assessed as follows with present value of profit:Market conditions Probability Present value of profits.Large market potential 0.1 500,000Moderate market potential 0.6 220,000Low market potential 0.3 80,000The present value figures do not include the cost of research. While Mr. Sakala wasconsidering this proposal, another similar proposal came up which also required theinvestment of 100,000. The present value of profit for the second proposal was 120,000.The return on the investment in the second proposal is almost certain.i. Draw a decision tree for Mr. Sak indicating all choices and eventsii. What decision Mr. Sak should take regarding the investment of 100,000?iii. If Mr. Sak is a risk averter, should he…

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).…

ch5 1. The chapter discusses both performance appraisal and the broader performance management system. How do these two concepts differ? How are they related? 2. Imagine that, in order to assign grades on a group project, your professor requires all group members to provide ratings for one another, which he will consider in grading the project. One group member has been particularly troublesome—she has been argumentative, refuses to accommodate other group members’ schedules, and completes the bare minimum amount of work. Would you feel comfortable giving her a poor performance appraisal? Why or why not?

3. General Construction Company  General Construction Company has a contract to build three lower‐income apartment buildings for the city of Santa Fe, New Mexico. During the construction of the first building, the Project Manager formed an auditing team to audit the construction process for each building. He asked the team to develop a list of minimum requirements for the projects and use this as a baseline in the audit. While reviewing the contract documents, one of the audit team members found a discrepancy between the contract minimum requirements and the City’s minimum requirements. Based on his findings, he has told the project manager that he has decided to contact the city administrator and discuss the problem. Question: If you were the project manager, how would you handle this situation? How can a customer be assured of satisfactory project completion?

COMPANY X: 25 page report with references 1. Background: The technology industry, specifically the software development and services sector, has experienced significant growth and innovation over the years. Company X, a leading software development and services company, was founded in 1999 and has established itself as a key player in the industry. The leading competitors in the industry are Company Y and Company Z, each with their own areas of expertise and market position.   2. External Environment Analysis: The external environment, including political, economic, social, technological, legal, and environmental forces, has a significant impact on the software development and services industry. Government regulations, economic conditions, changing consumer preferences, technological advancements, legal frameworks, and environmental concerns all shape the industry's dynamics. The industry can be further analyzed using Porter's Five Forces Model, which considers the threat of new…

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…

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?