PV = RP = AC = EV = CV = SV = CPI = SPI = EAC = ETC =
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Your team has a plan to build 100 gadgets in 10 weeks.
The plan is to make 10 gadgets per week (10 gadgets per week x 10 weeks = 100 gadgets).
The plan states that:
During the first 4 weeks, it should cost $1,000 each week to make 10 gadgets per week.
The next 6 weeks it should cost $500 each week to make 10 gadgets per week because of the efficiency gains.
At the end of the 8th week (i.e. finished the 8th week and getting ready to start the 9th week), the team has made 60 gadgets and has spent $7500.
At the end of week 8, what are PV (Planned Value), RP (Rate of Performance), AC (Actual Cost), EV (Earned Value), CV (Cost Variance), SV (
(Please Show work for each)
Provide your answer for Question in this area and expand it out as necessary.
PV =
RP =
AC =
EV =
CV =
SV =
CPI =
SPI =
EAC =
ETC =
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- A company gives each worker a cash bonus every Friday, randomly giving a worker an amount with the probabilities: $10 0.9, $50 0.1. Over many weeks, what is a worker's expected weekly bonus? 1. (10 + 50)/2=$30 2. 10 x 0.9 + 50 x 0.1=$14 3. (10 x 0.9 + 50 x 0.1) / 2=$7 4. (10 + 50) / 10= $6An engineer failed to finish its building construction contract on time. With this, a penalty of P10,000 will be paid for each day that passes beyond the date of contract. According to the engineers estimate, if the construction will continue with the same number of workers, the project will be finished 30 days after the contract date. But the engineer also has an option of hiring more workers to hasten the construction process. Every additional worker, the engineer has to pay P3,000 per day and every 3 additional workers the construction period will be lowered down by 1 day. But, the engineer can only hire 21 workers. If you are the engineer, what method are you going to follow so as to incur a lesser amount of extra construction cost? Just pay P10,000 per day for 30 days? Or just hire additional workers to lower down the construction time?Problem : During a month, a machine runs for 600 hours. The machine was under breakdown for 60 hours. There was industrial unrest resulting in idle time of 60 hours. Assume 30 days months of 24 hours a day work. The maintenance workers are paid incentive as per the following details. Breakdown%. Incentive <5%. 100 5-10%. 50 7-11%. 0 (i) What is the incentive amount actually paid in the month? (ii) What is the overall productivity?
- the market in the small rural town of centerville has been very hot. values are leveling off but single family residences remain scarce . a potential buyer asks about the advisability of buying some farmland outside of town to develop into single family lots for sale to builders. she has noticed several builders already getting ready for new subdivisions by preparing new lots . how might a broker best advise this potential buyer. a) he should suggest to this potential buyer that her timing is perfect. The slowing residential market will give her a chance to get the lots ready and she can probably pre-sell some to builders and raise some cash. Since strong markets usually last a decade or more, she should line up her financing and get started. b) in a cycle like the one described, builders always play "follow the leader". The builders obviously will sell their new homes quickly and a broker should encourage this potential buyer to go ahead with her plan to she can be ready to profit by…You are the Laboratory manager of a medium sized 120-bed hospital, and you are called to a hospital leadership meeting by the CEO of the facility. You are told that the hospital is having problems meeting some debt responsibility and there is possibility that a budgetary cutback will be needed to alleviate the situation. Each departmental management is being given one week to plan how to accomplish a cost reduction of 10% within his/her department. Should it become necessary. You are also told that this situation is highly confidential because it is not yet known whether the cost reduction will be needed. Issues and Questions to Consider: 1.What criteria will you use to determine the best plan of action? 2.What type of long-range planning should be considered?You are the Laboratory manager of a medium sized 120-bed hospital, and you are called to a hospital leadership meeting by the CEO of the facility. You are told that the hospital is having problems meeting some debt responsibility and there is possibility that a budgetary cutback will be needed to alleviate the situation. Each departmental management is being given one week to plan how to accomplish a cost reduction of 10% within his/her department. Should it become necessary. You are also told that this situation is highly confidential because it is not yet known whether the cost reduction will be needed. Issues and Questions to Consider: 1.Identify the steps in developing short0term goals to address the potential reduction in resources described above 2.What type of information will you need to gather to assess your current state and develop a plan?
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- You are currently the owner a small Hotel on the coast of an island within the Caribbean. The hotel occupies 1 acre of land next to a fishing village and farming district. You have a staff of 10 people, the water, electricity, and waste management cost are high, and the hotel is barely breaking even. When the septic tank is full, and you are unable to pay to remove the waste it is released into the sea at night. The corals around the hotel have been dying quickly and tourists are complaining about the declining quality of the reefs. Currently, much of the food used at the hotel is imported and the tourists have limited interaction with locals within the surrounding community. The government has decided to give sustainable tourism development grants of up to USD $250,000.00 to small struggling Hotels who can demonstrate via a project concept proposal that their operation can offer significant social and environmental benefits to their surrounding communities. In addition, these Hotels…You are currently the owner a small Hotel on the coast of an island within the Caribbean. The hotel occupies 1 acre of land next to a fishing village and farming district. You have a staff of 10 people, the water, electricity, and waste management cost are high, and the hotel is barely breaking even. When the septic tank is full, and you are unable to pay to remove the waste it is released into the sea at night. The corals around the hotel have been dying quickly and tourists are complaining about the declining quality of the reefs. Currently, much of the food used at the hotel is imported and the tourists have limited interaction with locals within the surrounding community. The government has decided to give sustainable tourism development grants of up to USD $250,000.00 to small struggling Hotels who can demonstrate via a project concept proposal that their operation can offer significant social and environmental benefits to their surrounding communities. In addition, these Hotels…The New Therapy Company is soliciting a contract to provide five nursing homes with physical, occupational, speech, and respiratory therapists. The therapists will rotate among the five nursing homes. The therapists have not yet been hired, but the nursing homes expect them to be fully trained and ready to go to work in three months. The previous therapy company lost its contract because of high staff turnover owing to employee “burnout” (a common problem in this field), high costs, and low-quality care. The nursing homes want a plan specifying how the New Therapy Company will meet staffing needs, keep costs low, and provide high-quality are. Assignment 1. Working in a group, discuss how the New Therapy Company can meet the deadline and still ensure a high quality of care. Also discuss the following: a. How many of each type of therapist will the company need? b. How will it prevent therapists from burning out? c. How can it retain experienced staff and still limit costs? d. Are…