16) Identify some similarities and differences between the CPM and PERT project management tools.17) Describe three "best practices" to observe when producing a WBS?18) The probability of heavy traffic on a provincial highway is 20%, while the probabilities of low and medium traare 50% and 30% respectively. It was estimated that annual maintenance costs of the highway are $20 000 in thecase of low traffic, $30 000 in the case of medium traffic and $100 000 in the case of heavy traffic. Calculate theexpected value of the annual maintenance costs.3

WE ARE ALLOWED TO DO ONE QUESTION ONLY AT AT-A-TIME. THE ANSWER IS AS BELOW:

Answered: 16) Identify some similarities and…

Business

Operations Management

16) Identify some similarities and differences between the CPM and PERT project management tools.

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.3SD: Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling...

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Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.
Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?
Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?
10 CASE STUDY Tyrone is a College senior who is majoring in journalism. In 2013 his home was destroyed by fire. This year he owns a high mileage 2015 BMW. He owns expensive clothes, television set, stereo set, and other personal property in a rented apartment. He also has a waterbed in his rented apartment that has leaked water in the past. Tyrone runs five miles daily in a nearby public park that has the reputation of being extremely dangerous because of drug dealers. His father who worked to help him pay his tuition fee was killed by gang members in a drive by shooting. Define the following terms using examples from the case study: i. Property risk ii. Personal risk iii. Hazard iv. Peril A. B. C. Identify two (2) risks that Tyrone may be associated with due to the premature death of his father. For each of the following risks of loss exposures, explain an appropriate risk management technique that could be used to deal with the exposure. i. Liability lawsuit against Tyrone arising…
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What is the Feasibility test:?
The Faculty of Science at UPOS had procured a suite of thirty (30) Smart Digital Lockers and were in the process of creating an automated locker rental system. One stakeholder identified in this process was the marketing and communications department of the faculty whose role is to keep students updated about campus events and new typically via email. Using the SCENARIO trawling technique of the Volere model, answer the following questions: “What role does the stakeholder(s) play in the project?”2. “What trawling technique is employed for the stakeholder?”3. “How the trawling technique will be implemented?”4. “What are the advantages and disadvantages (if any) of the trawling technique identified?”5. “Why was the technique(s) employed for the selected stakeholder?” and6. “What mitigation strategy/strategies would the team employ to minimize the effects of anydisadvantages identified?”
The fire department has a number of failures with its oxygen masks and is evaluating the possibility of outsourcing preventive maintenance to the manufacturer. Because of the risk associated with a failure, the cost of each failure is estimated at $2,200. The current maintenance policy (with station employees performing maintenance) has yielded the following history: Number of breakdowns 0 1 2 3 4 5 Number of years in which breakdowns occurred 5 3 1 4 6 2 a) The expected number of breakdowns per year with station employees performing maintenance = breakdowns per year (round your response to two decimal places).
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