Question: What "CONTIGENT PLAN OF ACTION" can be provided?.
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Question: What "CONTIGENT PLAN OF ACTION" can be provided?.
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- 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: Although Ken Brown is the principal owner of Brown Oil, his brother Bob is credited with making the company a financial success. Bob is vice president of finance. Bob attributes his success to his pessimistic attitude about business and the oil industry. Given the information, it is likely that Bob will arrive at a different decision. What decision criterion should Bob use, and what alternative will he select? INFO NEEDED TO COMPLETE: Kenneth Brown is the principal owner of Brown Oil, Inc. After quitting his university teaching job, Ken has been able to increase his annual salary by a factor of over 100. At the present time, Ken is forced to consider purchasing some more equipment for Brown Oil because of competition. His alternatives are shown in the following table: Equipment Favorable Market $ Unfavorable Market $ Sub 100 300,000 -200,000 Oiler J 250,000 -100,000 Texan 75,000 -18,000 For example, if Ken purchases a Sub 100 and if there is a favorable market,…
- 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.Question: Cadbury SA is set to establish a new plant within South Africa. The new plant will allow for new machinery, the creation of job opportunities as well as locally produced chocolate. Differentiate between the advantages and disadvantages of management contracting that Cadbury will undergo.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).…question belong to project management subjectQUESTION 8 A mental picture that you have and want to turn into a reality in the future refers to A. Plan B. Mission C. Vision D. Objective
- QUESTION 2 One of the employees at eden co ltd,described working at the company as to work at eden,you've got to be interested in a lot of stuff. you've got to be prepared to catch people when they fall,because people are trying stuff all the time and you've got to be prepared for unexpected because part of the way we work is almost liberately created chaos by doing more stuff than we've possibly got time to do,which means more junior members have more chances to become leaders because the senior ones can't do it all. you've got to be optimistic and smiley and damed hardwork. one of the senior managers connected,we try not to be prescriptive about defining talent and we try to encourage people to take individual responsibility for their own career path here as much as we can help them to a career path (a) in your own opinion what factors have contributed to organization citizenship behaviour among staffs at eden? elaborate your answers (b)discuss the leadership style that has help to…Supervision Question Why does compromise generally leave both parties feeling frustrated?question 1 Avihe just got promoted as a Junior Manager. He has six (6) subordinates under his care. Recently, Avihe received a project from his Senior Manager, Brian, to run a charity programme. Task: By using the most basic principles in management, (e.g., the function of management, etc.), advise Avihe how he can run this charity programme efficiently and effectively. Briefly explain to Avihe the possible managerial roles that he needs to play in the project?