While it is true that Earth has benefitted from past space exploration, it remains very important for the leaders of America to weigh the pros and cons of further exploration. They must take into consideration today’s economy and the fact that many people are much more concerned about their jobs here on Earth, rather than worrying about exploring other planets. American exploration of Mars began in the late 1990s, and since that time, the United States has sent eight different vehicles to the Red Planet (Kluger 24). All of this exploration has been very expensive for the American taxpayers. Recently, the idea of privatizing the business of sending cargo and astronauts into low-earth orbit has become a reality.
As the variable cost is too high as we increase the production. As this is a highly competitive firm so they can ask for high price to increase the profit margin. 3. Assume the price is $40 per ton, should they consider closing down? Why, or why not?
There are different methods of cost estimation. In Ka-Pow project we have used the bottom up estimating. In bottom up estimate find out the cost of the work packages and then add them up to get the cost for the entire project. It is important to estimate the cost correctly otherwise it will put the project at a risk. It is very important to involve the SMEs in the cost planning also to get the accurate estimate for the cost.
For these reasons, it is necessary to analyze the competitive advantage of the different options presented. • Strengths and Opportunities: The project evaluation should consider a SWOT analysis of each potential application, which allows identifying the strengths, opportunities, threats and weaknesses. This way, it is possible to choose the best option, which maximized the firm’s strengths and opportunities, while mitigating its threats and weaknesses. • Barrier to Entry: Also it is necessary to analyze the cost of enter to the industry. • Economic Benefit: What will be the earnings associated to the project.. • Customer Preferences Bernstein should recommend to the board the
Because this is an advance over anything that this company has done before, estimating the amount and cost of the hi-tech materials are difficult. The project manager recommends using a range estimating process to develop an estimate. The values below are submitted by the project team. Current estimates for cost of material are as follows: Optimistic cost of smart resin: $8.00 per lb Most likely cost of smart resin: $9.25 per lb Pessimistic cost of smart resin: $12.50 per lb Current estimates for total material requirements are as follows: Optimistic quantity: 15 lb/ 100 units Most likely quantity: 19 lb/ 100 units Pessimistic quantity: 22 lb/ 100 units (a) What is the expected price of the material per pound? (b) What is the expected amount of material needed for 100 units?
Because this is an advance over anything that this company has done before, estimating the amount and cost of the hi-tech materials are difficult. The project manager recommends using a range estimating process to develop an estimate. The values below are submitted by the project team. Current estimates for cost of material are as follows: Optimistic cost of smart resin: | $8.00 | per lb | Most likely cost of smart resin: | $9.25 | per lb | Pessimistic cost of smart resin: | $12.50 | per lb | Current estimates for total material requirements are as follows: Optimistic quantity: | 15 lb/ 100 units | Most likely quantity: | 19 lb/ 100 units | Pessimistic quantity: | 22 lb/ 100 units | (a) What is the expected price of the material per pound? (b) What is the expected amount of material needed for 100 units?
The greatest and the latest is not always the best for companies. While it is important to have the most up to date, it is also important not to go over the total budget allotted for the service request. Doing proper research on all of the different types and styles of equipment for the various appliances being purchased is going to help save on total cost. Risk is going to be that too much money is going to be spent for the equipment or not enough money is going to be available to purchase all the necessary appliances. In order to mitigate this risk, doing the proper research will be key as it will serve a great purpose to the company.
The Prevention costs will help the organization by providing our employees the tools, training, and procedures needed to reduce the amount of defective products coming off of our assembly lines. This is the most cost effective way to prevent defects, as it captures potential failures at the beginning of the products creation. Appraisal costs, which are sometimes called inspection costs, involve testing and inspecting materials used in the production process for defects, before they reach the customer. Appraisal costs are typically high, and do not guarantee
Develop and document, on behalf of an organisation for which you do or might work, a detailed process whereby it will be possible to investigate, identify, assess, and include the needs of customers in planning processes. Activity 1.docx How can quality, time and cost requirements be balanced? It's all about the expectations of the customer and what they intend on using it for. If they pay a premium price for a product then they expect it to be of premium quality and a quick turnaround. If the product is of low value, then the quality expectation isn't so great.
Lesson: Controlling the Project Objective: Controlling Cost with Earned Value Measurement Q: You're a project manager for uCertify, Inc. You have to provide a brief overview of transition goals, assumptions, and risks identified that could severely limit your ability to complete the transition on schedule. Which of the following plans will you use to accomplish the above task? Hint Risk management plan Transition plan Security management plan Risk fallback plan Explanation: Answer option B is correct. Q: In which of the following structures can project managers plan and evaluate project implementation without actual authority over workers? Hint Strong matrix Traceability matrix Weak matrix Coverage matrix Explanation: Answer option C is correct.