Ron manages a small restaurant with one computer on which were the accounts of the business, payroll, and all business correspondence. It failed and had to be replaced. As Ron had all the necessary software it was simply a matter of installing the software and then copying the data on to the system. Ron was not sure where the software was located. He had a box of disks, but these had been collected and retained for all the computers over the last ten years. Finally, the correct collection was identified but all the serial numbers and registration details were in emails on his computer, the computer that would not start. Ron decided to go to a friend’s place and look at the email there and get all the details. This took a few hours and he finally returned and started the install. Unfortunately, there were several programs that were controlled by web access and the passwords had been stored in the computer. He had to email them and get a response. Luckily he now had access to email as he had to spend a long time going back over details to get account numbers and log in name to prove that he could have the passwords. Finally, after three days, he had a fully operational computer. Work task: In the following case study, make a list of the issues that show poor procedures in the management of business tools.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Ron manages a small restaurant with one computer on which were the accounts of the business, payroll, and all business correspondence. It failed and had to be replaced. As Ron had all the necessary software it was simply a matter of installing the software and then copying the data on to the system. Ron was not sure where the software was located. He had a box of disks, but these had been collected and retained for all the computers over the last ten years. Finally, the correct collection was identified but all the serial numbers and registration details were in emails on his computer, the computer that would not start. Ron decided to go to a friend’s place and look at the email there and get all the details. This took a few hours and he finally returned and started the install. Unfortunately, there were several programs that were controlled by web access and the passwords had been stored in the computer. He had to email them and get a response. Luckily he now had access to email as he had to spend a long time going back over details to get account numbers and log in name to prove that he could have the passwords. Finally, after three days, he had a fully operational computer.
Work task: In the following case study, make a list of the issues that show poor procedures in the management of business tools.
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