Category: Management

Leveraging Software Automation Tools to Enhance Risk Communication in Project Management

Posted on | by Kelvin

Project management tools have features that can be used to keep team members and stakeholders aware of project status and any issues that may occur during project execution. These issues can include updates on known project risks or newly occurring project risks. However, sometimes the features in project management tools do not work in the way they are intended.
Respond to the following in a minimum of 175 words:
• What are some of the ways you can use software automation tools to communicate risk? What are some of the concerns about these tools that the authors from your textbook share? Share an experience that would have benefitted from the solution, and why.

 

 

Tool 1: Risk Register

Posted on | by Kelvin

As you are now aware, there are many project management tools available on the market, each with strengths and weaknesses and applicability to specific project requirements. A valuable attribute for a project manager is the ability to understand these strengths and limitations and how to maximize the value of the selected tool to ensure the success of their project.
Complete an Internet search of project risk management tools. Select three tools.
Respond to the following in a minimum of 175 words for each tool:
• Where do you see this being a limitation for an organization? Why?
• Which feature would help the most? Why?

The Takeaways of Starting Manufacturing Operations Overseas

Posted on | by Kelvin

 

Many businesses will often work with overseas companies as a lower-cost alternative to build their products. Search for information for starting manufacturing operations overseas.
Respond to the following in a minimum of 175 words:
• As a project manager for this type of project, what takeaways can you gather?
• What risks can you identify? How would you communicate these risks and work with your stakeholders?

 

Natural Risk: Coastal Erosion

Posted on | by Kelvin

 

Given your improved understanding of natural and human risks, and ranking, classifying, and evaluating these risks, think about how you would communicate these risks and any mitigation processes to others on the project team.
You’ve been hired by a local business to evaluate the risks of their oceanfront restaurant and then train the project team on how to recognize these risks. Consider the natural and human risks involved.
Respond to the following in a minimum of 175 words:
Select one natural risk and one human risk this business should take into consideration. Prepare what you’d like to say to the project team. The following should be included:
• Explain each of your identified risks and how you would classify each, and why.
• What other project management principles should the team be aware of when identifying natural and human risks?

The Impact of Globalization on the Value Chain: Evaluating the Elements of the Contemporary Value Chain Model

Posted on | by Kelvin

Evaluate the impact of globalization on the value chain by applying elements from the contemporary value chain model and additional decision-making factors.
Instructions: Apply the 21 elements from the contemporary value chain model, plus additional decision-making factors (all listed below), to evaluate the impact of globalization on a value chain.
Checklist: Address all the items below:
1. Write an APA formatted minimum 4-page paper, exclusive of the title and references pages.
2. Choose and describe a company operating solely in the United States of America (USA) that might be ready to expand globally. Explain what type of global expansion is being considered.
3. Assume you are the CEO and the ultimate decision-maker of this USA company. You are confident your current domestic value chain is solid, but you are concerned about the impact on your value chain if you expand to another country or country. Identify what will need to be changed or modified in your company’s value chain prior to the expansion by examining all 21 contemporary value chain model elements. When addressing what changes will be needed for each of the 21 elements, describe what decisions may need to be made, by whom, for what reason, and how the elements are interrelated.
21 Value Chain Elements
1.
1. Budgeting
2. Competitive advantage
3. Corporate social responsibility
4. Culture
5. Customer need
6. External resources
7. Financial
8. Goals
9. Idea generation
10. Information management
11. Infrastructure
12. Leadership
13. People – human resources
14. People – customers
15. People – shareholders
16. Political (external)
17. Political (internal)
18. Product development
19. Strategy
20. Supply chain management
21. Technological considerations
4. Support your response content with at least three separate applied and cited references. Accepted sources are Library article(s) and your textbook. No other Internet references are acceptable.

 

The average time each patient spends within the facility

Posted on | by Kelvin

 

Provide your detailed answers below every part of each question.
a) A medical facility typically serves an average of 20 patients per hour. Several random observations show that on an average, there are about 14 patients in the facility at any given time. On an average, how much time each patient spends within the facility?

b) A company wants to decide between two leasing options for warehouse for the next 3 years. Option A will require a deposit of $70,000 (refundable after the lease period) and a payment of $60,000 to be paid at the beginning of each month for the next 36 months. Option B has three annual payments of $700,000 each: first today or beginning of year 1, next at the beginning of year 2, and the last payment at the beginning of year 3. Use an interest rate of 10% per year. Find the present value of the total cost of each option and select the better option.