...finance holds that, provided |http://www.investopedia.com/terms/t/timevalueo| | |money can earn interest, any amount of money is worth more the |fmoney.asp | | |sooner it is received. | | |Efficient market |An efficient market is a market in which all the available |Titman, S., Keown, A., & Martin, J. (2014). | | |information is fully incorporated |getting started principals of finance. | | |into securities prices, and the returns investors will earn on |Finanical Managment, principles and | | |their investments cannot be predicted. |appliations (12 ed., p. 210). New Jersey: | | | |Pentice Hall. | |Primary versus secondary |Primary market, A part of the |Titman, S., Keown, A., & Martin, J. (2014). | |market...
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...Project Managment Summary Stacy F. Vincent CPMGT/301 December 22, 2014 Dr. Jeff Atkinson Project Management Summary Project Management, the process by which all components of a project are brought together, moving toward the end result of a successful endeavor. From inception; planning, organizing, resource management and the implementing of policy and procedures, the project manager is responsible for the entire process. Strategic Portfolio Management is the necessary prioritization methodology (Rouse 2012) actively engaged in managing the resources; budgetary, human, etc. in concert with any other component involved in the complete scope of a project. This component may oversee several different projects within an organization, moving them forward based on the company’s needs. Project Managers are responsible for the scope of the entire project, including the portfolio and program management outcome; however these all must work in concert to have a successful completion to all projects. Portfolio management (managers) can oversee several different projects concurrently, ensuring the necessary resources are available within the scope of the organization’s needs. Project managers, operating under the authority of their position, utilize the information compiled and made available by portfolio management. It is important to note that not all programs have end dates, such as a project may, and those program resources will require ongoing evaluation as budgets change...
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...those functions, is of utmost importance. Explain how internal and external factors affect the four functions of management (planning, organizing, leading, and controlling). Internal factors are factors that affect the workings inside the business like accounting functions, leadership style, management changes, and procedures on how the business operates. Internal factors are important to how you run a business. The basic universal language are the accounting principles. You must understand the function of this to know how to run the business. A company’s leadership style impacts organizational culture. Leaders have to be able to communicate effectively. Also, the strength of the employees is an important internal factor. Hard-working and talented workers produce better results for a business. Procedures deal with how you execute your plans or objectives. External factors are factors outside the scope of the business that affects the business like the political risk, systemic risks, economic risk, etc. External factors deal with all that is outside the business that can influence the business. The political risk can influence through lobbying through congress to change laws. The by-laws are important as well. This...
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...http://www.scribd.com/doc/39376533/The-Performance-Appraisal-System-of-Rahimafrooz Letter of Transmittal Mrs. Kamrun Ahmed Course Coordinator Management Information System Department of Business Administration Southeast University. Subject: Submission of Transmittal Dear Mrs. Kamrun Ahmed With a great respect, we are informing you that we have prepared a project report on “The Information System use in a Superstore”. For the project completion, we have selected the superstore “Agora”.We feel great pleasure for submitting this report to you, which will definitely help us to complete the MBA. During the preparation of this report, we have experienced a lot that will greatly help us in our further studies and carrier life. It has enlightened our practical knowledge about the information system use in the practical world of business, the strategies they follow to maintain the problem in the superstore although the experience we got from here will help us to contribute these techniques in our practical life. We tried our level best to develop a good report. We would like to thank you for giving us such an opportunity to do this report on this topic. Thank you Sincerely yours Name Student ID. Md. Hafizullah 2011110004011 Sayeed 20111100040 Rukhsana Akter Rumi 2011110004015 Umma...
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...also important they are paying their creditors on time. Last, it is important to invest any excess cash to maximize profitability. * What is capital planning? Why is the internal rate of return important to an organization? Why is net present value important to a project? How do you select from multiple projects presented to your organization? * * Capital planning is the process of planning for the future or replacing equipment. When capital planning, it is important to take the value of money into consideration. Thus, will the product or equipment have a higher return? In addition, will the product or the project retain its value in the foreseeable future? Another reason why the internal rate of return is important, is because it tells the organization if the risk of the investment. Net present value is taken into consideration when investing because it predicts the future of the cash flow from the equipment and investment. If the NPV is positive, then the project is usually accepted. However, if the NPV is low than the risk may be higher. Organizations select certain projects based on different proposals that are correlated to the amount and method the organization will use to finance the project. The goal is to invest the least...
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...System database to save time in searching through the organization’s database and data warehouses. External information: some decisions require input from external sources of information. Various branches of federal government, Dow Jones, Compustat data, and the internet, to mention just a few, can provide additional information for the use with a Decision Support System. Personal information: you can incorporate your own insights and experience your personal information into your Decision Support System. You can design your Decision Support System so that you enter this personal information only as needed, or you can keep the information in a personal database that is accessible by the Decision Support System.anagment Model managment The model management...
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...Identify a tort violation from the video Ann Enterprise Risk Management In: Business and Management Enterprise Risk Management Enterprise Risk Management The Non-Linear Pro salesman told the manager of Quick Takes Video that the editing system leased would allow the employees to edit material twice as fast after only a day and a half of set up and training. After all employees received the one-day training course, completed the video tutorial, and read the manual, problems with the equipment stopped production of a Quick Takes Video project. During an attempt to insert a CD, an employee cut her finger on a sharp edge of the poorly designed equipment. Two different types of torts arose in the Product Liability Video. One type, an intentional tort occurred as a result of the implied warrantee when the salesman described the benefits of the editing system. The employee’s cut finger could result in an unintentional tort because the manufacturer has the requirement of selling a safe product but did not intend to harm the employee. The main tort violation from the video involves the implied warrantee given by the Non-Linear Pro salesman. The manager of Quick Takes Video perceived the quote taken from the video Cheeseman (2010), “Any of your editors, if they’re computer savvy, they’re going to pick this up in a day, day and a half tops” (video, 02:79), as an expressed warrantee. This perception persuaded the manager to lease the equipment. Team A used enterprise risk management...
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...basically defines a risk as “a combination of constraint and uncertainty”. Every project will face constraints, and also uncertainty. The solution on over coming any type of obstacles is to minimize the risk in the project either by eliminating constraints or by finding and reducing uncertainty. The Internet Company Software System A few years back my company, The Internet Company, decided to set up a new software that would combine all department software’s into one. The ultimate goal of this project was to make sure that information was flowing correctly between the Human Resources Department, Payroll Department, and our company home office software. Like Larry Krantz stated every project is going to face some type of risks. The first step in risk management is to identify the possible risks and to assess the consequences of the risks. This is an important step, as one must identify the project risk inputs. Risk assessment identifies existing risks, analyzes risks, and then orders them in a priority from highest to lowest. Identifying and Prioritizing Risks The main technique that was used in other to identify risk was looking at historical data from one of our subsidiaries that had just completed a similar project. This helped us get a basic idea of what kind of risks we would be facing. We also consulted the project manager of the project, who had over 15 years experience working on IT software projects. Some of the risks that were identified included the following: 1....
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...Chapter 1 Overview of the 21st century workplace - Organizations must adapt to rapidly changing society > like in 2003 there was so wireless but now its changing now most of the business rely on wireless communication - Economy is global and driven by innovation and technology > you need new original ideas (innovative) High performing companies gain extraordinary results from people working for them Interdependent, knowledge based > Depend on each other as a part of organization Study question 1 what are the challenges of working in the new economy > intellcutual capital people are the ultimate foundations of orgzanitional performances intellcutual capital is the collective brain power or shared knowledge of a workforce that can be used to create value A knowledge worker adds to Globalization . National boundaries of world business have largely dissappeared . globalizations is the worldwide interdependence of resource flows,product markets and business competition that characterisitv that characterize the new company Technology . Continuing transformation of the modern workplace throughout > the internet (having social network websites to market product) > worldwide web (exchange of stocks) > computers > information technology .Increasing demand for the knowledge workers with the skills to fully utilize technology Diversity: >workforce diversity reflects differences with respect to gender , age, race, ethnicity, religion,sexual orientation...
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...AGILE PROJECT MANAGEMENT "On February 11-13, 2001, at The Lodge at Snowbird ski resort in the Wasatch mountains of Utah, seventeen people met to talk, ski, relax, and try to find common ground... What emerged was the Agile Software Development Manifesto." (www.agilemanifesto.org) The precursor to Agile project management was the brainchild of Dr. Winston Royce. Introduced in his 1970 treatise, “Managing the Development of Large Software Systems,”1 Dr. Royce presented a 5-point rebuttal of the sequential development Waterfall Model, which had been the status quo for project managment. The waterfall model views a process as a series of steps cascading downwards as shown in the illustration below: Fig. 1: The Waterfall Model Originating in industries concerned with complex physical structures such as skyscrapers, vehicles, and machines, the waterfall model suited these type of projects. The underslying assumption was that late-stage modifications were constrained by the high costs and difficulties inherent in physically modifying a large, complex structure after construction or assembly had begun. The first sequential project management protocol is attributed to Walther Shewhart at Bell Labs, who coined the phrase "Plan-Do-Study-Act"2 in the 1930s. His ideas were advanced in the following decade by the so-called "father of the post-war Japanese industrial renaissance",3 William Edwards Demings, Bell and...
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...It is human nature to be reluctant to change. Employees are creatures of habit and may need time to adjust to the changes that occur in the workplace. Managers can take extra precautions to help alleviate some of the confusion and stress associated with change by following a four step communication plan. The steps are to set the stage for acceptance, create the frame for information to be interpreted, manage the mood for employee’s emotional state, and reinforce the desired changes. In order for management to set the stage, they need to be upfront and honest. Regardless of what the plan to be executed is and what type of news you have to give, it is always best to give the truth to the employees as soon as you know what the possibilities are. A pro to sharing all the news upfront as well is if there is a potential for bad happenings, employees will be motivated to perform stronger to prevent the negative possibility from occurring. By setting the stage, management needs to be able to present the needed change, convince the employees the change is necessary for improvement, and prove the decision being made is the right one for the company and for the employees. Also, management needs to be committed to the project and the change because “No lasting change will be made without such commitment (Barnes, NP). The frame for information is used to provide structure for new plans that are happening within an organization. Common examples of frames include company presentations...
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...procject managment rols in current IT world Project management is about being controlled from the start of the job to the end. Efficient and effective teams with a leader that can encourage cooperation and motivate to get outcome as all are working toward the same goal. It is in everyone’s best attention to work together to the works success. Project management is appropriate to many businesses and organizations. Some basic industries that use project management include Information technology, telecommunication, construction, software development, banking, manufacturing, professional engineering and architecture, computers. Project management is important because tough budgets, reducing resources, limited time constraints, and competition to improve the methods we do business in the competitive environment. The great ability of project management makes it possible to focus on priorities, track and measure performance, overcome challenges and issues, become flexible enough to adjust to change and reach higher performance and a higher probability of success in each and every project. The challenges of project management most especially the high hopes from senior management combined with little or no hierarchical permission are powerful, but project managers can influence the entire path of an organization. Project management is very important in today's business environment when one considers the repercussions of the lack of good project management or when project management...
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...Project Introduction Himont, LLC is currently undergoing a revamping of their information technology department. A cost analysis was performed on the IT operations business unit to determine current and future operating costs. It was identified that nearly $250K was being spent quarterly on housing and maintaining physical servers to support the businesses national infrastructure needs in Orange County, California. This cost was thought to be too high to maintain. A project has been spun up to move off of the current privately owned Himont, LLC infrastructure to T5 Data Centers that is approximately 20 miles away in El Segundo, California. The project will commence in approximately 2 weeks after the companies kickoff meeting. The project management plan has been created and the stakeholders have been registered. The project is still in need of a solidified project stakeholder list, RACI to help identify roles and responsibilities and an overall communication plan. This document is meant to satisfy that need. Project Stakeholder Registry Name | Company | Position | Program Role | Martha Graham | Himont | CIO | Sponsor | Shawn Smith | Himont | IT Operations Director | Sponsor | Sue Limbs | T5 | VP of Client Relations | Vendor Business Lead | Paul Stanley | T5 | Data Center Director | Vendor Technical Lead | Matthew Cain | Himont | Senior IT Consultant | Project Manager | Responsible, Accountable, Contributing, Informed (RACI) It is often difficult to reach...
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...05/28/13 Beijing EAPS Consulting, Inc. Co-Conducting a Project Plan The case starts off with Mr. Zheng, the chief executive officer (CEO) of Beijing EAPS Consulting, Inc., overhearing a conversation between two of his employees. Mr. Yang, the training department manager and Ms. Song, the project manager were not in sync on their current roles and how they are able to relay information to the other. A project manager is a single person tasked or has the responsibility to plan, direct, and integrate the work efforts of his or her staff to achieve the project goals. Project managers may administratively report to functional or departmental managers or program managers with respect to their projects or those who act as subcontractors to program managers; report to program managers while managing resources from functional groups; or report directly to the executive management. The project manager is the person responsible for ensuring that the project team completes the project. The project manager develops the project plan with the team and manages the team’s performance of project tasks. It is also the responsibility of the project manager to secure acceptance and approval of deliverables from the Project Sponsor and Stakeholders. The project manager is responsible for communication, including status reporting, risk management, escalation of issues that cannot be resolved in the team, and in general, making sure the project is delivered in budget, on schedule, and within scope...
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...each C. Internal and External factors 1. Size 2. Location 3. Services provided D. Importance of communication 1. Communication effects organizational structure 2. Success of the organization III. Steps involved in organizational planning and functions of management A. Process of transforming organizational objectives into specific management strategies and tactics designed to achieve the objective. B. Five steps that are used to properly plan and implement change within the organization C. Steps can be used in presentation scenario IV. Strategies and/or methods needed to influence organizational change and minimize conflict A. Organizational change 1. Set up additional training for employees 2. Offer rewards for meeting goals, maintaining strengths, and improving weaknesses 3. Update operating systems and...
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