Part 1
The management of Health Supplement Inc wants to reduce its labor cost by “installing a new machine “,
1. Given the information below on options 1 and 2, carry out a payback period analysis
2. Make a recommendation on which way to proceed.
- Option 1: Purchasing Machine X would cost $18,000 and reduce annual labor cost by $3,000.
- Option 2: Purchasing Machine Y would cost $15,000 and reduce annual labor cost by $2,000.
Given the information on option 1 “Machine X” , carry out Payback period analysis, the payback period for option 1 is
a. 6 years
b. 7.5 years
c. 4 years
d. 2 years
Which is the best machine to purchase according to the payback method?
a.Machine X
b.Machine Yc.
C. None of them is recommended
Which of the following is true?
- Discounted cash flow analysis is the least precise of the cash flow techniques because it does not consider the time value of money.
- NPV is the least precise of the cash flow analysis echniques because it assumes reinvestment at the discount rate.NPV Payback period is the least precise of the cash flow
Analysis techniques because it does not consider the time value of money.
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Part 2
A Team of 7 members that you coordinate as a Project Leader has been working well together, they are all in Tuckman’s “performing” stage for over a month to design and implement a plan for the project. Unfortunately, the recent reorganization of your company has reassigned two of your team to another division. That ends by adding two new and fresh replacements to your team. That results in reverting your team to Tuckman’s “storming” stage again. You as a team leader reorder the steps that you will take to help your team to work perfectly in your project.
Reorder the following scenarios:
- Use several team meetings to direct the work of the team with the new members, ask if there is anything you can do to help the new members, and support their excitement about being new in your team.
- Continuously communicate with your team as well as articulate your vision. Work closely to monitor the performance of the entire team. Guide the entire team, incorporate any ideas and suggestions of all team members, encourage effective teamwork.
- Put them with other members of the team who can help
them learn how to design and implement the project. - Welcome the new members to the team, and take time to introduce the new team members to your original teammates.
For each of the descriptions on the right, which of the following team structures are the best fit with each other?
Match the right answer:
- The leader is primarily accountable for project success
- Top-down team
- Interdisciplinary team
- Superstar-support team
- ‘Classic’ team with a traditional boss and subordinates
- Top-down team
- Interdisciplinary team
- Superstar-support team
- Decisions are typically made by the whole team
-
- Top-down team
- Interdisciplinary team
- Superstar-support team
-
- One individual performs most of the central tasks
Top-down team Interdisciplinary team Superstar-support team
Task
Status
Planning
150/150
Section 1 Build
320/500
Section 2 Build
150/600
Completion
0/100
Usethe project information above, and calculate the Current Earned Value?
a. 45.9%
b. 31%
c. 62%
d. 31.7%
Usethe tasks below, create a precedence diagram, and then determine the duration needed to complete the tasks.
Task
Estimated Duration
Dependencies
A
Confirm # of Attendees
5 Min
Start
B
Print Name Tags
30 Min
A
C
Set Up Tables
30 Min
A
D
Confirm Catering
10 Min
A
E
Place Table Linens
20 Min
C
F
Place Name Tags
10 Min
B, E
Which path is the Critical Path?
a. ADEF
b. ABEF
c. ACEF
d. ABF
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Part 3
Instructions:
Step 1: Read the email from Geoff Thompson, CEO of Oasis Construction.
Step 2: Read Appendix A: The asset/infrastructure requirements.
Step 3: Watch Appendix B: Site visit report.
Step 4: Match the PESTLE framework with identified risks.
Step 1: Email from Geoff Thompson
From: Geoff Thompson <geoff.thompson@oasis.com> CEO Oasis Construction, Texas Head Office Sent: Monday, July 20, 2017 10.37 AM To: You <you@oasis.com> <a href=”https://moodle.esu.edu.sa/mod/assign/view.php?id=527″ title=”Project”>Project</a> Manager, Budget Hotel Construction Division </you@oasis.com>Subject: Confidential – Western Savannah Luxury Hotel <a href=”https://moodle.esu.edu.sa/mod/assign/view.php?id=527″ title=”Project”>Project</a> (Australia) Importance: High
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Hi,
With a view to expand our portfolio internationally, we submitted a tender to the Western Australian state government to develop a high-quality eco-hotel in a remote northern region of the state called the Kimberley.
The aim of the government is to develop and expand high-value tourism across remote areas of the state. I have just received notification that our company was awarded the construction contract by the Western Australian government.
The executive team here at Oasis Construction has acknowledged the successes of your past projects, and as such we would like to offer you the role of projectmanager on this project. Although this assignment is very different to your usual role of managing our three-star budget traveler hotel construction projects in Texas, the Board has decided to expand Oasis’s offshore activities. We have full confidence in your ability to manage and oversee this projectsuccessfully.
The brief:
We have been informed that the hotel will have functional and luxurious elements catering to a wider variety of tourists visiting the region. The core hotel development will consist of 40 rooms including private swimming pools and other five-star facilities like an eco-spa. The construction of the hotel would be used to showcase the natural spectacle of the region without disrupting the natural ecosystem, with a focus on sustainable materials. Due to regulatory requirements, the hotel cannot exceed one level in height and should be constructed using sustainable materials that will not visually impact the natural scenery of the region. Specifications include rooms blended into the rocky gorges and include the fitting of glass ceilings to give full access to the magnificent starlit canopy at night.
The Kimberley is a sparsely settled northern region known for vast wilderness demarcated by rugged ranges, dramatic gorges, and semi-arid savannah. The Gibb River Road runs 700 kilometers through the heart of the region, passing through several national parks, some of which have towering limestone cliffs and rock pools where freshwater crocodiles gather. This region has become a popular tourist attraction in Australia, despite the remoteness of the region.
Your first activity is to undertake an early stage risk assessment for the project. The Board has requested that you develop a high-level risk register to present at their next meeting in 4 weeks. To assist you in this assignment, please find attached:
- Appendix A: Overview of infrastructure/assets to be constructed
- Appendix B: Some observations made during a pre-tender site visit conducted by our Business Opportunity Manager.
Best regards,
Geoff Thompson
CEO: Oasis Construction
25 Millbend Road, The Woodlands, Texas, 75201
e: geoff.thompson@oasis.com
Step 3: Watch Appendix B: Site visit report
Step 4: PESTLE framework
Risks identified
Now that you have a thorough understanding of the Western Savannah project, use this PESTLE framework to categories each of the identified risks. Match each identified risk into the corresponding part of the framework.
Political stability
Social factors
Legal factors
Technological factors
Environmental factors
Political factors
Economic factors
Various demographics
Social factors
Legal factors
Technological factors
Environmental factors
Political factors
Economic factors
Governmental influence
Social factors
Legal factors
Technological factors
Environmental factors
Political factors
Economic factors
The analysis of the environment
Social factors
Legal factors
Technological factors
Environmental factors
Political factors
Economic factors
Employment laws
Social factors
Legal factors
Technological factors
Environmental factors
Political factors
Economic factors
Cost of living
Social factors
Legal factors
Technological factors
Environmental factors
Political factors
Economic factors
National and international laws
Social factors
Legal factors
Technological factors
Environmental factors
Political factors
Economic factors
Impending and current legislation
Social factors
Legal factors
Technological factors
Environmental factors
Political factors
Economic factors
Interest rates
Social factors
Legal factors
Technological factors
Environmental factors
Political factors
Economic factors
Awareness of seasonal change
Social factors
Legal factors
Technological factors
Environmental factors
Political factors
Economic factors
Environment regulations
Social factors
Legal factors
Technological factors
Environmental factors
Political factors
Economic factors
Inflation
Social factors
Legal factors
Technological factors
Environmental factors
Political factors
Economic factors
Cultural aspects
Social factors
Legal factors
Technological factors
Environmental factors
Political factors
Economic factors
Compatibility with the technologies
Social factors
Legal factors
Technological factors
Environmental factors
Political factors
Economic factors
