Resource planning is critical to the effective and efficient management of projects and meeting the organization’s strategic objectives. Resources are often shared between projects within a portfolio of projects. There are a several processes for balancing the resource across projects within a portfolio.

For this Discussion:

Compare rolling wave planning, bottleneck analysis, and resource leveling. What are the benefits of each? What are the limitations?

Explain the terms "estimate of effort" and "lapse time." What are the benefits of each technique? What are the limitations?

If you were asked to prepare a resource plan for a portfolio project, which method would you choose? Why?

Answers

Answer 1

For balancing resources across projects within a portfolio, rolling wave planning, bottleneck analysis, and resource leveling are three commonly used processes. Rolling wave planning involves planning for the near-term and deferring detailed planning of future work until it is needed. The benefits of rolling wave planning are that it allows for flexibility and adaptability in the face of changing requirements, but the limitation is that it can lead to a lack of visibility into future work.

Bottleneck analysis involves identifying the parts of a project where resources are likely to be constrained and focusing on those areas. The benefits of bottleneck analysis are that it can help identify potential issues before they become problems, but the limitation is that it can be time-consuming and may miss less obvious bottlenecks.

Resource leveling involves balancing resource requirements across multiple projects. The benefits of resource leveling are that it can help ensure that resources are allocated appropriately, but the limitation is that it can be difficult to implement in practice and may require significant coordination.

Estimate of effort refers to the amount of time or resources that will be required to complete a task. Lapse time refers to the total amount of time it will take to complete a task, including any periods of inactivity. The benefit of the estimate of effort is that it provides a detailed understanding of the resources required for a task, but the limitation is that it may not take into account external factors that could impact completion time. The benefit of lapse time is that it provides a comprehensive view of the time required for a task, including any potential delays, but the limitation is that it may not provide a detailed understanding of the resources required.

If I were asked to prepare a resource plan for a portfolio project, I would choose resource-leveling. While all three processes have their benefits and limitations, resource leveling would be the most appropriate method for balancing resources across multiple projects within a portfolio. Resource leveling allows for the efficient allocation of resources while taking into account the requirements of multiple projects, which is essential for effective portfolio management.

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Related Questions

which full-service merchant wholesaler carries a very deep assortment?

Answers

One example of a full-service merchant wholesaler that carries a very deep assortment is "UNFI" (United Natural Foods, Inc.). UNFI is a leading distributor of natural, organic, and specialty foods and products.

They offer a wide range of products across various categories, including organic and conventional grocery items, fresh produce, meat, dairy, bakery products, supplements, and personal care items. As a full-service wholesaler, UNFI provides an extensive selection of products within each category, catering to retailers in the natural and organic food industry.

Their deep assortment allows retailers to source a diverse range of products from a single wholesaler, making UNFI a one-stop solution for their inventory needs. It's worth noting that there are other full-service merchant wholesalers in different industries that also carry a very deep assortment of products. The specific choice of a wholesaler may depend on the industry or sector in which the retailer operates.

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What changed entry would make this income statement accurate? A. (2,200) B. Switch Operating and Non-Operating C. 4,500 D. 4,600​

 What changed entry would make this income statement accurate? A. (2,200) B. Switch Operating and Non-Operating

Answers

OIption C 4500 will make the income statement accurate

What is an income statemnet?

An income statement, also known as a profit and loss statement (P&L statement), is a financial statement that provides a summary of a company's revenues, expenses, gains, and losses over a specific period. It provides a snapshot of a company's financial performance and its ability to generate profits during a given timeframe, typically a quarter or a year.

The income statement consists of several key components:

Revenue: This section lists the total amount of money generated from the sale of goods or services, often categorized by different revenue streams.

Cost of Goods Sold (COGS): This includes the direct costs associated with producing or delivering the goods or services sold. It typically includes costs like raw materials, labor, and manufacturing expenses.

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What is the SOLVE method of conflict resolution? What does each letter stand for and mean?

Answers

As the SOLVE method of conflict resolution, each letter stands for the followings:

Self-serving fairness interpretationsOverconfidenceLitigationVerdictEscalation of commitment

What is a conflict resolution?

A Conflict resolution is best defined as the informal or formal process that two or more parties use to find a peaceful solution to their dispute. that is, when the parties in a conflict needs to come to a mutual resolution to end the conflict in a peaceful way.

In a typical Conflict resolution such as arbitration, the neutral third party known as the arbiter serves as a judge responsible for resolving the dispute between the conflicting party.

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Extras you receive for employment, which could include retirement plans, health insurance, and vacation time, are called ______. A. Flextime b. Income c. Benefits d. Outlook Please select the best answer from the choices provided A B C D.

Answers

Answer:

C. Benefits

Hope this helps!

distinguish between products tax and production tax​

Answers

Answer:

Some examples of production taxes are land revenues, stamps and registration fees and tax on profession. Product taxes are paid on the actual volume of production. It is paid per unit of product. For example, excise duty, service tax, sales tax etc.

Dad Mystery

To all my friends and "ex-friends" I have a message. I am pushing you to the side until I finally finish this mystery. I can't handle the stress of having to multi-multi-task. I need to focus on certain things, not the stress some of you have put me through and the talking. You know who you are. Now, back to my question

What happened on CFB 2149-0403?
Whatever happened to Emily?
How fast were they travelling?
Having a moment of clarity
Why did base do this to them?
Who are they calling family?

Answers

Answer:

Uh...sorry to be hours late but did something happen to a friend of yours that was bad? -Your friend, Bill Cipher

Explanation:

The production era marked a time when companies were able to increase their profits because they were able to decrease their production costs.
True
False

Answers

Answer:

true

Explanation:

it was the time of the production line making it easy to make expensive things with people that are lower skilled and cheaper overall

Answer:

True

Explanation:

have a good day

A company introduces a new product at low pricing to help capture a large market share early this is called

Answers

A company introduces a new product at low pricing to help capture a large market share early this is called price skimming.

When a new type of product enters the market, price skimming is often used then. The goal here is to gather as much revenue as possible while the consumer demand is high and competition has not entered the market.

So once these goals are met, the original product creator will mostly lower prices in order to attract more cost-conscious buyers while remaining competitive toward any lower-cost similar items entering the market.

Hence, firms often use price skimming in order to recover the cost of development.

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Why is it important for public corporations to comply with audits

Answers

Answer:

Explanation:

Accounting and auditing professionals serve an absolutely vital role in our capital markets. Transparent, informative and accurate financial reporting are the lifeblood of the capital markets and are essential for investors to make informed decisions as to how to allocate their capital.

Best Buy stores have knowledgeable staff to provide information to consumers on products ranging from televisions to laptops. The company also offer repair and support services through the Geek Squad. These are examples that Best Buy is _______.

Answers

Best Buy stores have knowledgeable staff to provide information to consumers on products ranging from televisions to laptops. The company also offers repair and support services through the Geek Squad. These are examples that Best Buy is committed to customer service and support.

The fact that Best Buy stores have knowledgeable staff to provide information about various products and offer repair and support services through the Geek Squad indicates that Best Buy is focused on customer service and support. They strive to ensure that customers have access to reliable information about the products they are interested in and also provide assistance in case of any issues or problems with the products.

Having knowledgeable staff helps customers make informed decisions when purchasing items like televisions and laptops. Customers can ask questions about the features, specifications, and performance of these products, and the staff can provide accurate and helpful information to guide them in their decision-making process. Additionally, offering repair and support services through the Geek Squad further demonstrates Best Buy's commitment to customer service.

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Which action would a government most likely take to reduce its
unemployment rate?
A. Use tax money to hire workers for government projects
B. Cut taxes on businesses that operate with very few workers
C. Increase taxes on businesses that operate outside the country
D. Cut off loans to businesses in order to reduce the money supply
SUBMIT

Answers

A; sounds like the best option

The unemployment rate is the unemployed divided by the sum of employed and unemployed, in order to reduce it the government can hire workers for a new project by using tax money.

What is the unemployment rate?

It is the rate of unemployment calculated by the number of people unemployed to the total number of people employed and unemployed multiplied by 100.

In order to reduce it, the government can hire workers for a new project by using tax money

Therefore, option A can help in the reduction of the unemployment rate.

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How do economists use economic models

Answers

Answer:

Economists use economic models to study particular aspects of economic reality. To do so, they develop a simplified model of reality in which only a few variables are included, and everything else is held constant or ignored.

Explanation:

For example, the most famous economic model is the model of supply and demand, which is used to analyze how consumers and producers interact in the market for a good or service, and how this interaction determines the price.

As we can see, in this economic model of supply and demand, many other things like social class or history are left aside, and only a few variables are included.

most stock exchanges today use electronic trading

Answers

True

(Not sure what was the question about but I’m guessing it’s a true/false?)

hope this helps :)

at the _____ stage in the consumer adoption process, buyers consider the likely benefits of the product.

Answers

At the evaluation stage in the consumer adoption process, buyers consider the likely benefits of the product.

During the evaluation stage, consumers assess the potential advantages and benefits of the product or service they are considering. They compare it to alternatives, weigh the advantages and disadvantages, and evaluate how well it meets their needs and preferences. This stage involves gathering information, seeking reviews or recommendations, and analyzing the product's features, quality, functionality, and value.

The evaluation stage is crucial as it influences the consumer's decision-making process and whether they ultimately choose to adopt the product or service. Positive evaluations of the product's benefits can lead to a higher likelihood of adoption, while negative evaluations may result in the consumer opting for an alternative.

Understanding the consumer evaluation stage helps marketers and businesses position their products effectively, highlight their unique selling propositions, and address potential concerns or doubts that consumers may have.

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A moderate increase in a budget deficit that leads to a _____________________ is not necessarily a cause for concern.A. combination of less foreign capital and banks that are bankruptB. moderate increase in a trade deficit and a moderate appreciation of the exchange rateC. a series of large budget deficitsD. shift in aggregate demand so far to the right that it causes high inflation

Answers

A moderate increase in a budget deficit that leads to a ombination of less foreign capital and banks that are bankrupt is not necessarily a cause for concern.

A budget deficit occurs when a government spends more than it earns in a given year. B. Taxes. As a simple example, if a government has $10 billion in revenue and $12 billion in spending in the same year, the government has a deficit of $2 billion. Her two main causes of the

Budget deficit are excessive government spending and low tax rates that don't cover spending. Tax cuts can reduce revenue and create budget deficits. Also, a large fiscal stimulus could push government spending outpacing revenues.

A fiscal deficit therefore leads to a current account deficit. In most cases, a country's fiscal deficit tends to crowd out domestic investment in the short term. This leads to a decline in economic activity.

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Discuss five of the essential components of the venture formation process.

Answers

Answer: It is useful to break the entrepreneurial process into five phases: idea generation, opportunity evaluation, planning, company formation/launch and growth.

pls help me asap.....

pls help me asap.....

Answers

Answer:

d

Explanation:

If my revenue is one million and my expenses are 1,386,000, what's my profit in percentage

Answers

The profit in percentage given the revenue and the expenses is -38.60%

What is the profit in percentage?

Percentage is the fraction of a number expressed as a value out of 100. The sign that is used to represent percentage is %. In order to convert a number to percentage, multiply by 100.

Profit is the difference between revenue and expenses. Revenue is the total income earned by a company before any deductions are made. Expenses include all the cost incurred in running a business.

Profit = revenue - expenses

1,000,000 - 1,386,000 = -386,000

Profit in percentage = (profit / revenue) x 100

(-386,000 / 1,000,000) x 100 = -38.6%

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Which of the following best describes intellectual property theft?
A. Stealing money from a cash register
a
B. Stealing ideas, information, or creative products
C. Stealing supplies from your employer
D. Stealing music CDs from a store

Answers

Answer:

stealing ideas,information, or creative products

Explanation:

Answer:

B. Stealing ideas, information, or creative products

Explanation:

How does hard work help our economy?

Answers

Answer:How important is hard work for avoiding poverty?The phrase, “Pull yourself up by your own bootstraps” is one that is embedded in the American lexicon. As we have discussed in earlier modules, this is often the predominant mind set when it comes to explaining poverty. There is a widespread belief that with hard work and effort, anyone can avoid falling into poverty. In your group, ask yourselves, to what extent do you feel that hard work is sufficient for achieving economic success?The Role of Motivation and Hard WorkIn our research, we have given considerable thought to the role that motivation and hard work plays in getting ahead. In the course of writing Chasing the American Dream, we talked with dozens of people from many walks of life around this topic. Our overall conclusion is that hard work is a necessary but not a sufficient condition for getting ahead. In other words, hard work and effort are generally important ingredients for reaching one’s goals in life, but they do not guarantee success in and of themselves.We can think about this relationship in the following way. It is difficult to imagine individuals doing well in life without a decent amount of effort and work. Even for those born into wealth, hard work and motivation are generally required for reaching one’s goals. And for those starting with much less, hard work and initiative would appear to be essential.On the other hand, we have talked with many people who have worked very hard throughout their adult lives, but have struggled to achieve economic success. During the course of a year, we interviewed women and men who have worked extremely hard but nevertheless found themselves in poverty or close to poverty.A Hard Working ExampleWe asked one such woman who was interviewed for our Chasing the American Dream book about how the general notion of the American Dream stacked up against the economic realities that she had seen.I think for most people it’s sort of a Horatio Alger’s thing of going from rags to riches. That anybody through their own hard work can pull themselves up in this country. But I think a whole lot of people have worked really hard and not been able to pull themselves up.My dad worked really, really hard. And the only reason he had $10,000 in the bank when he died is because his brother died and left him some. And then his house sold for a little over $20,000. And this is from a guy who worked his tail off his whole life long. He had paid employment until after age 80 despite his physical disabilities. So, hard work doesn’t necessarily get you ahead. I know that.We then asked her, “How does this experience affect your sense of fairness?”Well it makes me mad that things are not fair and that we don’t value hard work. And, in fact, one of the surest indicators for how hard you’ll have to work is your income. The people with lower incomes will have to work harder from a standpoint of backbreaking physical labor.You know, I make a lot more money than Elaine Nelson from my church. But she mops floors down at St. Peters Hospital and changes sheets and makes sure that the operating room is sanitary so that people can go home without a staph infection. Her work is really essential, but she’s only making like $9 or $10 an hour to do that kind of work. And I take her to places to get help with her utilities and take her to the food pantry at my church now and then ‘cause she doesn’t have a car. And she’s faced an eviction so many times since I’ve known her.And to me, that’s just so unfair that a person that does really important work that cares for our community… You know, having a safe, clean hospital is a very important thing. Why don’t we reward that adequately? It makes me really mad.Hard Work May Not Be EnoughWhat this woman and many like her discussed in our interviews relates to the fact that there are simply not enough decent-paying jobs to support all Americans. In an earlier module (Module 6) we relied on the analogy of musical chairs to illustrate the mismatch between the number of individuals in need of a decent paying job versus the limited number and availability of such jobs. The result is that for some Americans, no matter how hard they work, they still may not be able to get ahead economically.Do you agree that hard work is a necessary but not a sufficient condition for getting ahead? Can you point to examples of people you know that would confirm this? Are there cases where hard work may not be important in getting ahead? How is this accomplished? Overall, how important is motivation and determination in avoiding poverty? These are some of tque

Melanie and Rebekah Inc. bonds have a face value of $1,000 and are currently quoted at 92.725. The coupon rate for these bonds is 8 percent. What is the current yield on these bonds?
a) 8.63%
b) 8.00%
c) 9.27%
d) 8.94%
e) 9.14%

Answers

The current yield on these bonds is 8.63%. The correct option is a.

The current yield is the annual interest payment divided by the current market price of the bond.

First, we need to calculate the annual interest payment:

Coupon rate = 8%
Face value = $1,000
Annual interest payment = Coupon rate x Face value = 8% x $1,000 = $80

Next, we need to calculate the current market price of the bond based on the quote of 92.725%:

Current market price = Quote x Face value = 0.92725 x $1,000 = $927.25

Now we can calculate the current yield:

Current yield = Annual interest payment / Current market price = $80 / $927.25 = 0.0863 = 8.63%

Therefore, option (a) 8.63% is correct.

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pls help for questions no 2, 3, 4, 7, 8, 9, 10

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I can’t see the question

true/false. manufacturing method in which value is added by putting together components to create a product.

Answers

True, this is a manufacturing method in which value is added by putting together components to create a product. This method is commonly referred to as assembly-line production or mass production.

It is a process in which a product is created from components that are manufactured in a factory, and then assembled together in an efficient and cost-effective way. This method of production is used for a wide variety of products, from cars and electronics to clothing and furniture.

The assembly line production method is advantageous for manufacturers because it allows for mass production of a product at a fraction of the cost of manual labor.

This method also helps to ensure a consistent quality of the product, as each component is tested and inspected before being assembled. Additionally, the efficiency of the assembly line ensures that products can be produced quickly, allowing manufacturers to meet customer demand and maximize profits.

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question content area internal control does not consist of policies and procedures that a.protect assets from misuse b.ensure that business information is accurate c.ensure employees and managers comply with laws and regulations d.guarantee the company will earn a profit

Answers

Internal control does not consist of policies and procedures that Option(d) guarantee the company will earn a profit.

What is Internal Control?

Internal controls are controls put in place by management to mitigate against identified risk. Risk basically  refers to what could go wring in a process. Controls are put in place to mitigate against the risk of error or fraud and do not necessarily prevent the company from making a loss.

Companies make profit or loss based on management's decisions such as where to invest, what time to invest, introduction of a new product, management of cost of sales and operating expenses etc

Internal controls basically consist of policies and procedures that ensure that the company's asset are not misused (fraud), no misrepresentation of revenue (fraud), employees and managers comply with laws and regulations,  business information is accurate ( no misrepresentation of records due to error) etc.

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Transaction data for Swifty Real Estate Agency are presented as follows.

Oct. 1 2. 3 James Swifty begins business as a real estate agent with a cash investment of $17,850, Hires an administrative assistant. Purchases office furniture for $2,261, on account Sells a house and lot for C. Rouse; bills C. Rouse $4,284 for realty services performed. Pays $1,309 on the balance related to the transaction of October 3. Pays the administrative assistant $2,975 in salary for October.

Journalize the transactions.

Answers

Swifty Real Estate Agency's March transactions were properly journalized, including purchasing office equipment on credit, paying for advertising and rent, collecting cash from a client, and providing services to another client on account.

To journalize the transactions  data for Swifty Real Estate Agency, we first observe the data:

1. On March 1, Swifty Real Estate Agency purchased office equipment for $10,000, paying $2,000 in cash and signing a 6-month, 10% note for the balance.

2. On March 2, the agency paid $1,000 for advertising in the local newspaper.

3. On March 10, Swifty Real Estate Agency collected $12,000 cash from a client for services rendered.

4. On March 15, the agency paid $3,500 for rent on its office space for the next 3 months.

5. On March 20, Swifty Real Estate Agency provided services to a client on account for $8,000.


Now, let's journalize these transactions:

1. Office equipment     10,000
    Cash                        2,000
    Notes payable         8,000

2. Advertising expense   1,000
    Cash                             1,000

3. Cash                         12,000
    Accounts receivable  12,000

4. Rent expense          3,500
    Cash                          3,500

5. Accounts receivable   8,000
    Service revenue            8,000

In summary, Swifty Real Estate Agency had five transactions in March, which were all properly journalized in the company's books. It purchased office equipment on credit, paid for advertising and rent, collected cash from a client, and provided services to another client on account.

These transactions are important because they show the financial activity of the company during a specific period and provide valuable information for making decisions about the company's operations and future plans. Properly journalizing transactions is a critical step in maintaining accurate and reliable financial records for any business.

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You just borrowed money for four years to buy a car. The payments are $218 a month and the APR is 7 percent. How is the EAR computed?

Answers

Answer:

EAR= 0.072 = 7.2%

Explanation:

Giving the following information:

Nominal interest rate= 7%

Number of periods= 12 months

To calculate the Effective Annual Rate (EAR), we need to use the following formula:

EAR= (1 + nominal rate/number of periods)^number of periods

EAR= [(1 + 0.07/12)^12] - 1

EAR= 0.072 = 7.2%

HELP PLEASE

Companies create a division of labor among employees in order to:

O A. reduce the opportunity cost for hiring new employees.

O B. make it easier to shift employees between different jobs.

O C. allow each employee to perform one task at a high level.

O D. gain access to more human and physical capital.

Answers

Answer:

D

Explanation:

companies do this so everyone is more proficient with their bodies and their work

Can you think of a bad decision from your own school or work experience, or from recent business or political news stories, that was made in an effort to correct or justify a past decision?

Answers

Answer:

Explanation:

Personal Experience:

One time I had to turn in an assignment for the company that I worked for which needed to be done and turned in by the end of the workday. I failed to do so due to family issues. This assignment was incredibly important and failure to turn it in would have cost the company a lot of money. So I stayed up all night and finished the assignment. I ended up breaking into the office in the middle of the night to turn it in before the boss found out. It was a bad decision since I could have gotten arrested or fired.

Mel suddenly finds an opportunity to sell boxed dinners. The new opportunity would require the use of the 30 percent unused capacity. The contribution margin from the dinners would amount to $3,000 annually. Required: a. If Mel decides to sell dinners, what are the total costs for both making and buying the cookies?

Answers

Answer:

$900

Explanation:

The computation of the total cost for both making and buying the cookies is given below:

But before that the variable cost per unit is

= (Cost of goods sold - fixed cost) ÷ (sales units)

= ($13,500 - $4,500) ÷ ($180,000 ÷ 6)

= $3

now the total cost is

= 300 × $3

= $900

Mel suddenly finds an opportunity to sell boxed dinners. The new opportunity would require the use of

Kevin is the president of a small insurance company. At the last company off-site meeting, Kevin smoked in his hotel room, despite the rules about not smoking in the hotel. This generated a \( \$ 500

Answers

Kevin's action of smoking in his hotel room despite the no-smoking rules resulted in a $500 fine imposed on the company. This incident not only violated the hotel's policies but also demonstrated a disregard for the rules and potentially set a negative example for other employees.

The fine of $500 serves as a direct financial consequence for the company, impacting its expenses and potentially reducing the company's profitability. Additionally, it could also lead to reputational damage for the company if word spreads about Kevin's actions, as it may be seen as unprofessional or disrespectful to the hotel's policies.

To prevent similar incidents in the future, it is essential for Kevin, as the president of the company, to adhere to all rules and regulations, whether they are set by external entities like hotels or internal policies. It is crucial for leaders to set a positive example for their employees, promoting a culture of compliance and professionalism. By doing so, the company can avoid unnecessary fines and maintain a strong reputation within the industry.

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