Free

# The on Business - Case Study Example

Summary
This paper aims to analyze various aspects of business activities. It discusses the difference between the conventional method in project management and the EVM method. Also, it analyzes the given data on the operational activity of the business.

## Extract of sample "The on Business"

a. The crash cost per day per activity is calculated in table 1 as shown below. Table 1: Crash cost per day Activity Normal Time Crash Time Time saved due to crashing Normal Cost Crash Cost Crash cost per day Extra cost due to crashing A 5 3 2 300 600 300 300 B 3 2 1 250 450 450 200 C 6 4 2 400 500 250 100 D 5 3 2 150 400 200 250 Total 1100 1950 850 b. Assuming linear network from A to D, all the activities (A, B, C and D) must be crashed by given timings in the table. c. As seen from Table 1.1, the total extra cost to crash the project is \$850 2. a. The conventional method in project management does not give a clear picture of the progress of the project. It only measures the overall progress on the basis of cost and time rather than relative to what was planned. b. In the EVM method, the present value of each activity is calculated and Earned value is calculated as a sum of these present values. This helps in tracking performance of each activity both with respect to time and cost. 3. Table 3.1: Activities Duration Activity Duration Start Day End Day A 4 1 4 B 3 5 7 C 5 5 9 D 3 5 7 E 3 8 10 F 2 8 9 a. The resource conflict in the given project is in terms of Design Engineer as he/she is involved in two activities which occur concurrently. These activities are C and D. Activity C and D both start on day 5 and both continue together till end of day 7. Hence, for these 3 days there is a resource conflict. b. The conflict can be resolved if the design engineer performs activity D from day 5 to 7 because activity D is a predecessor to F. However, activity C is not a predecessor to any activity and hence can be performed from day 7 to day 12. This will increase the project duration to 12 days i.e. (increase by 2 days). 4. a. The cost and schedule variances for each activity and the project are given in Table 4.1 below Table 4.1: Cost and Schedule Variances Activity A B C D E F Total Duration 3 6 3 2 3 2 Start Day 1 1 4 7 7 9 End Day 3 6 6 8 9 10 Total Budgeted Cost 4920 7680 15140 3980 5630 2270 39620 % complete at the end of day 7 100 100 100 35 10 0 Budgeted cost at end of day 7 4920 7680 15140 1990 1876.7 0 31606.7 Actual cost at end of day 7 4200 8740 18250 2600 560 0 34350 Earned value at end of day 7 4920 7680 15140 1393 563 0 29696 Cost Variance 720 -1060 -3110 -1207 3 0 -4654 Cost Variance Index 1.171429 0.87872 0.83 0.53577 1.0054 0.86451 Schedule Variance 0 0 0 -597 -1313.7 0 -1910.7 Schedule Variance Index 1 1 1 0.7 0.3 0.93955 b. At the end of day 7, the project has a negative schedule variance and the schedule variance index is below 1. This implies that the project is behind schedule. Also the project has a negative cost variance and the cost variance index is below 1. This implies that the project is over-budget. Hence, the overall performance of the project is below par. 5. a. Assigning resources to various activities in a project in a way that is economically viable is called Resource allocation. It is based more on heuristics rather than purely scientific ways. It involves both basic allocation as well as planning for contingencies. Resource leveling is a process of investigating unbalanced resource allocation. The unbalance may be in terms of overloads, under-loads, conflicts etc. Resource leveling can be achieved by transferring slacks away from peak demand periods. b. A project manager may adopt some remedies in order to complete the project in case of lack of resources. One of them is to work overtime. It may improve short term project performance but may impact negatively in the long term. Another alternative is to reallocate resources for activities on the critical path as it is the critical path that governs the project duration (techrepublic). A project manager may decide to swap certain resources to achieve maximum productivity. A manger would also like to have a check on time constrained activities because wasting more resources on such activities doesn’t yield more output (techrepublic). A manager can contemplate converting sequential activities into parallel tasks. Finally a project manager can review the scope of the project and redesign the scope in accordance with available resources. References: 10 ways to get a slipping project back on track. Retrieved August 15, 2011 from Read More
Cite this document
• APA
• MLA
• CHICAGO
(“The Case study on Business Example | Topics and Well Written Essays - 750 words”, n.d.)
(The Case Study on Business Example | Topics and Well Written Essays - 750 Words)
“The Case Study on Business Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/business/1390848-no-title.
Click to create a comment or rate a document
br
Student rated this paper as
I had an issue with a case study types of works. All until I came across this website and this particular document. Even though "The Case study on Business" is far from my interests, the structure is so great that I use it all the time as an example for my own works.

## CHECK THESE SAMPLES OF The Case study on Business

...that the company can effectively exercise price competition techniques. Similarly, this method would be also beneficial for the Ford to provide better features on its products without any increase in price. I strongly believe that fundamental changes in business practices would largely benefit Ford Motor Company in this situation. The case study indicates that Ford mainly engaged in the production of vehicles with internal combustion engine. However, global warming and other environmental issues related to urbanization have notably changed customer preferences and specifications. Hence, the continuation of conventional modes of production practices would not contribute to the economic...
7 Pages(1750 words)Case Study

...of the of the Business Law Case Study Introduction Issues concerning negligence and claims for damages on account of negligence form quite a sizeable part of our legal system. Such matters fall under the purview of the Common Law and are most usually decided in the Civil Courts, however cases of criminal negligence would more correctly be directed to the Criminal Courts of the land where they occur. The term ‘negligence’ means failure to take proper care in doing something1. Circumstances of the Case In the given scenario, a client has requested a written memo of legal advice in favor of a potential recovery of damages. The client has suffered severe...
3 Pages(750 words)Assignment

...). Business Ethics:Managing Corporate Citizenship and Sustainability in the Age of Globalization. Oxford University Press. The article explores the implications of foremost challenges facing corporations, and corporate citizenship in terms of what can be well thought-out as morally right and wrong in the way businesses make decisions and conduct their activities. The article has been used to provide the ideals that Lay owed to his employees. It has also been used to demonstrate that the virtual ethics ideals desired by the shareholder is that they had to be considered in most of the major decisions Lay made in terms of the most drastic and unusual investment ever undertaken by a corporation. The article...
4 Pages(1000 words)Research Paper

...? Business Case Study 27th, January Case Study Coping with the Financial and ethical crisis at American International Group (AIG). This case study is interested in establishing the reasons and circumstances that led to the fall of the International American Group company. This is a point of concern because AIG was in the past, ranked among the world’s best performing insurance companies. Its closure in 2008, before the government bailed it out, happened in a period when the United States and other world regions were experiencing financial heat, because of the financial crisis that had rocked the world. However, the...
2 Pages(500 words)Case Study

...? Case study business law Part A Q1: Can Bob supermarket insist that Charles pays for the milk tins that he has damaged under the law of contracts? Discuss specifically issues related to the display of goods and capacity. Issues: Was there an adequate notification as regards the viewing of the items on display and the subsequent course of action in case damage was caused? Principles: A notice refers to a legal concept that is intended at making a part to be aware of the legal process that have effects on their rights, duties and obligations. Some are usually placed in public places whereby they are used to guide or warn the public about what they should or should not do....
8 Pages(2000 words)Case Study

...? Business Law Case Study Business Law Case Study Because advertising has the likelihood of persuading individuals into business transactions, which they can otherwise avoid, many regimes all across the world, use laws to manage false, misleading or deceptive advertising (Kidner, 2012). “Truth” is basically the concept used to argue that clients have the right to know what they are purchasing and that all vital information must be on the product’s label (Kidner, 2012). False advertising, in a majority of jurisdictions, is illegal. However, advertisers still uncover methods of deceiving their clients in ways, which are...
12 Pages(3000 words)Coursework

...169061 How can Bernard Arnault improve the LVMH Group 's ability to take the Western Art de Vivre into Asia in the 21st century LVMH with World known brands and a high developmental potential, already a World leader providing luxury goods with 56,000 employees worldwide, is run by Bernard Arnault who brought radical changes into the company, earning the name 'terminator'. The company can be taken by its able administrator to Asia in the 21st century by selected distribution, communication, adding selected value, direct production and marketing. The company is well known in Asia and Arnault has to explore existing business opportunities by sharing basic values and keeping rigid brand autonomy. Asian markets respect exclusive brands... and are...
3 Pages(750 words)Case Study

### Business & Society case Study

...lent their money expecting the returns of capital principal as well as the interest (James E. Post 15). The second key stakeholder in this case study are the employees who contribute the relevant knowledge and experience as the workforce to the company in which, in return, they get wages benefits, salaries and the chance for personal realization and satisfaction. The third suppliers who are the holding key backbone on the going concern of the tourist and resort business in Disneyland, the suppliers supply services, energy, raw materials, other various inputs in return for payments. The final non-market stakeholders are the wholesalers, distributors and the retailers who are the main...
2 Pages(500 words)Essay

...of your Paper Sub Paper Due Table of Contents Paper Due Issues Generated3 Gender Roles and the Construction Business 3 Sibling Rivalry in the Family 4 A Woman as a Successor 4 Succession Planning 6 Theories and Frameworks 7 The 3 circle model of Family Business 7 Handler Framework 9 Concluding Questions 11 Theory 12 Description 12 Criticism of the Model 12 Comparison with other models 12 Limitations of the Model 13 Application of the Models and Frameworks 15 3 circle model of family business 15 Handler Framework 16 Factors promoting resistance 16 Factors reducing resistance 17 Plan of Action 17 Mentoring encouraged and practiced 17 SMT Aspects 18 Culture reinforcing organizational...
17 Pages(4250 words)Assignment

### Can We Make Sense of the World by Edward Feser

2 Pages(500 words)Book Report/Review