... Abstract This paper will discuss a case study from the text book “Project Management: A Managerial Approach.” The case is titled “The Sharon Construction Corporation.” The case consists of a construction company that has won a contract for an upcoming project. The project is erecting a 20,000-seat stadium. The case is very in-depth in regards to the different stages of the project, and the amount of time that each stage will take to complete. Within the case, there are five different proposals that are given by the management team. Each of these proposals contains ways to reduce time, and work around specific identified risks that are associated with completing the project. In this paper, I will discuss the overall project timeline, the five proposals, and identify the best solution to complete the project on time, and with the most profit possible for the company. Project Overview The upcoming project for The Sharon Construction Corporation is a project that has the potential to generate a substantial profit of $300,000. In order to maximize this potential profit, there are several risks that are associated that need to be analyzed and thought out to arrive at the most economically efficient conclusion. The first risk is the complication of the dates associated with the start and completion date. Construction on the project must start by February 15. Once the project is started, the company has one year to complete. A penalty clause of $15,000 per week...
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...ENGINEERING MANAGEMENT 1 ASSIGNMENT 2 - PROJECT SCHEDULING & CRASHING Please answer both questions (10% towards final subject marks) 1. The Sharon Construction Corporation The Sharon Construction Company has been awarded a contract for the construction of a 20,000-seat stadium. Construction works must start by February 15 and be completed within one year. A penalty clause of $15, 000 per week of delay beyond February 15 of next year is written into the contract. Jim Brown, the president of the company, called a planning meeting, where he expressed great satisfaction at obtaining the contract and revealed that the company could net as much as $300, 000 on the project. He was confident that the project could be finished on time with an allowance made for the usual delays anticipated in such a large project. Bonnie Green, the director of personnel, agreed that in a normal year only slight delays might develop due to a shortage of labor. However, she reminded the president that for such a large project, the company would have to use unionized employees and that the construction industry labor agreements were to expire on November 30. Past experience indicated a fifty-fifty chance of a strike. Jim Brown agreed that a strike might cause a problem. Unfortunately, there was no way to change the contract. He inquired about the prospective length of a strike. Bonnie figured that it would last either 8 weeks (70% Chance) or possibly 12 weeks (30% chance). Jim was not...
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...The following case represents a realistic situation facing construction firm that has just won a competitive contract. The realistic conditions complicating the project are described in detail, as are the alternatives offered by the staff for dealing with these complexities. Case The Sharon Construction Corporation The Sharon Construction Corporation has been awarded a contract for the construction of a 20,000-seat stadium. The construction must start by February 15 and be completed within one year. A penalty clause of $15,000 per week of delay beyond February 15 of next year is written into the contract. Jim Brown, the president of the company, called a planning meeting. In the meeting he expressed great satisfaction at obtaining the contract and revealed that the company could net as much as $300,000 on the project. He was confident that the project could be completed on time with an allowance made for the usual delays anticipated in such a large project. Bonnie Green, the director of personnel, agreed that in a normal year only slight delays might develop due to a shortage of labor. However, she reminded the president that for such a large project, the company would have to use unionized employees and that the construction industry labor agreements were to expire on November 30. Past experience indicated a fifty-fifty chance of a strike. Jim Brown agreed that a strike might cause a problem. Unfortunately, there was no way to change the contract. He inquired about...
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...Week 4- Assignment Required Tweets for BA 3102 Tweet Topic No. 1: incorporate learning from an assigned getAbstract summary. Be sure to include reference to the author’s name and the word getAbstract. Several of the readings had outlined how big corporations are destroying our environment and in which ways they are taking advantage of some people. For example, the articles about Wal-Mart’s and Target’s outline the low working conditions, its effects on communities and international labor standards that this corporations are providing to its employees. I believe that these company should treat its employees with some degree of respect and dignity. They should realize that part of their success is due to its employees’ work. Tweet Topic No. 2: discuss/comment WSJ, CSRwire readings. Be sure to include reference to the either WSJ or CSRwire (as appropriate). The article “GM Boosts Volt Defense as Sales Falter” by Sharon Terlep outlines General Motors Co. chief Executive Dan Akerson’s defense against the allegation that the Chevrolet Volt’s battery-powered was could cause potential fire. Mr. Akerson states that the Volt was failing to meet sales expectation and sales were declining significantly. In addition, he states that the car was declared safe by the National Highway Traffic Safety Administration. “For the sake of the Volt and electric vehicles in general it is important we close the door on this issue “ said a GM spokesman. Moreover, the NHTSA decided to wait...
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...Conceptualizing a New Product of an Existing Business Sharon Poole BUS/475 June 23, 2015 Tom Vincent Conceptualizing a New Product of an Existing Business Introduction The Harsco Corporation is a company that believes that the future of any company rest in it capability to innovate. The Harsco Corporation has been around for more than 160 years providing its clients with products and services that have helped them keep up with the changing world. At Harsco, we understand that you are only as good as the last development that you have made, so within that concept, Harsco has committed to invest major funding into developing new products that will take it into the future. Harsco started out in 1853 as the Harrisburg Car Manufacturing Company (Harsco, 2015). Due to the growth of the railway system, in the United States during the 1800s, it was the Harrisburg Car Manufacturing Company that in effect created rail cars. For more than thirty years this was done on its two-and-a-half acre manufacturing facility (Harsco, 2015). Although, the company’s main line of business was in construction of railroad cars, they later extended into making oil tankers, refrigerated rail cars, steam engines and boilers (Harsco, 2015). Just like the Harsco Corporation of today, innovation was the driving force of the Harrisburg Car Manufacturing Company that created some of the world’s first refrigerated rail cars (Harsco, 2015). Even with all of the tools in its arsenal of products, bad times...
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...www.hbr.org Leaders are made, not born, and how they develop is critical for organizational change. Seven Transformations of Leadership by David Rooke and William R. Torbert Reprint R0504D Leaders are made, not born, and how they develop is critical for organizational change. Seven Transformations of Leadership by David Rooke and William R. Torbert COPYRIGHT © 2005 HARVARD BUSINESS SCHOOL PUBLISHING CORPORATION. ALL RIGHTS RESERVED. Most developmental psychologists agree that what differentiates leaders is not so much their philosophy of leadership, their personality, or their style of management. Rather, it’s their internal “action logic”—how they interpret their surroundings and react when their power or safety is challenged. Relatively few leaders, however, try to understand their own action logic, and fewer still have explored the possibility of changing it. They should, because we’ve found that leaders who do undertake a voyage of personal understanding and development can transform not only their own capabilities but also those of their companies. In our close collaboration with psychologist Susanne CookGreuter—and our 25 years of extensive survey-based consulting at companies such as Deutsche Bank, Harvard Pilgrim Health Care, Hewlett-Packard, NSA, Trillium Asset Management, Aviva, and Volvo—we’ve worked with thousands of executives as they’ve tried to develop their leadership skills. The good news is that leaders who make an effort to un- derstand their own action...
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...Outline a plan that managers in the low-calories, frozen microwaveable food company could follow in anticipation of raising prices when selecting pricing strategies for making their products response to a change in price less elastic. Provide a rationale for your response. To outline a plan that managers in the low-calories, frozen microwaveable food company could follow in anticipation of raising prices when selecting pricing strategies for making their products response to a change in price less elastic would detail a pricing strategy that would have no impact on the way consumers perceive and buy these products. Generally we see such demand only in situations in which the good or services are indispensable and the consumers cannot do without those, but not in the case of the microwaveable food products. The demand function for low calorie microwaveable food largely depends on the price of the product, its relative (substitute) product, advertisement overheads and consumer income. From the demand function and the elasticity considered, it is established that the market for the low calorie microwaveable foodstuff fit in to a market of monopolistic competitive manner. A monopolistic competitive is distinguished by a reasonable number of buyers and sellers. As a result people can change to another brand if a specific brand charges a soaring price. However monopolistic competitive suppliers carry out product differentiation. Profit (NP) = Total Revenue (TR) Total Cost...
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...Exxon Valdez and Prince William Sound Case Keller Graduate School of Management – Online AC573 Anthony Mucheru Instructor – Frank Pidgeon November 2011 Shortly after midnight on March 24, 1989, the oil tanker Exxon Valdez ran aground on Bligh Reef in Alaska’s Prince William Sound, spilling 11 million gallons of crude oil. At the time of the grounding, the vessel had departed from normal shipping lanes to avoid ice in the water and had failed to make a corrective turn in time to avoid the submerged reef. The ship was piloted by third mate Gregory Cousins, who did not hold a required license; the captain, Joseph Hazelwood, was in his quarters. Hazelwood, whose driver’s license was at the time suspended for driving while intoxicated, later failed a sobriety test. At the time, the pipeline was opened and strict traffic lanes were established in the Sound to guarantee safe tanker passage. But, in recent years, disintegration of the Columbia Glacier had filled the lanes with ice. To avoid slowing down to dodge icebergs—thereby delaying the oil’s delivery to market—tanker captains routinely moved out of the shipping lanes (Brooks, L. J., 2010 p. 505). On shore, no one was keeping watch. Although the Coast Guard was charged with monitoring vessels through Prince William Sound, in fact, its outdated radar system did not reliably track vessels as far out as Bligh Reef. An earlier proposal to upgrade the radar system had been rejected as too expensive. And the Coast Guard’s oversight...
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...UNIVERSITY OF ULSTER ULSTER BUSINESS SCHOOL DEPARTMENT OF MARKETING, ENTREPRENEURSHIP AND STRATEGY ROOM 1B11A JORDANSTOWN COURSEWORK SUBMISSION SHEET COMPLETE IN FULL AND ATTACH TO THE FRONT OF EACH ITEM OF ASSESSMENT Student Name: Michaela McAteer Student No: B00468617 Course Title: B.Sc (Hons) Marketing Module Code/Title: MKT506 (52142) Lecturer: Dr Sharon Ponsonby McCabe Date Due: 29/11/2012 (NB: Latest hand-in time is 12noon on the due date unless otherwise advised) Submitted work is subject to the following assessment policies: 1 Coursework must be submitted by dates as specified by the Course Committee. 2 Students may seek prior consent from the Course Director to submit coursework after the official deadline; such requests must be accompanied by a satisfactory explanation, and in the case of illness by a medical certificate. 3 Coursework submitted without consent after the deadline will not normally be accepted and will therefore receive a mark of zero. |I declare that this is all my own work and does not contain unreferenced material copied from any other source. If it is shown that | |material has been plagiarised, or I have otherwise attempted to obtain an unfair advantage for myself or others, I understand that I may | |face sanctions in accordance with penalties as determined by the University. A mark of zero may be awarded and the reason for that mark | |will be recorded on my file. ...
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...A Tale of Two Londons Who really lives at One Hyde Park, called the world’s most expensive residential building? Its mostly absentee owners, hiding behind offshore corporations based in tax havens, provide a portrait of the new global super-wealthy. BY NICHOLAS SHAXSON Up until the 18th century, Knightsbridge, which borders genteel Kensington, was a lawless zone roamed by predatory monks and assorted cutthroats. It didn’t come of age until the Victorian building boom, which left a charming legacy of mostly large and beautiful Victorian houses, with their trademark white or cream paint, black iron railings, high ceilings, and short, elegant stone steps up to the front door. This will not be the impression a visitor now gets as he emerges from the Knightsbridge subway station’s south exit. He will be met by four hulking joined-up towers of glass, metal, and concrete, sandwiched between the Victorian splendors of the Mandarin Oriental Hotel, to the east, and a pretty five-story residential block, to the west. This is One Hyde Park, which its developers insist is the world’s most exclusive address and the most expensive residential development ever built anywhere on earth. With apartments selling for up to $214 million, the building began to smash world per-square-foot price records when sales opened, in 2007. After quickly shrugging off the global financial crisis the complex has come to embody the central-London real-estate market, where, as high-end property consultant...
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...philanthropist, well known for his influence in the field of entertainment during the 20th century. Along with his brother Roy O. Disney, he was co-founder of Walt Disney Productions, which later became one of the best-known motion picture producers in the world. The corporation is now known as The Walt Disney Company and had an annual revenue of approximately US$36 billion in the 2010 financial year.[4] Disney is particularly noted as a film producer and a popular showman, as well as an innovator in animation and theme park design. He and his staff created some of the world's most well-known fictional characters including Mickey Mouse, for whom Disney himself provided the original voice. During his lifetime he received four honorary Academy Awards and won 22 Academy Awards from a total of 59 nominations, including a record four in one year,[5] giving him more awards and nominations than any other individual in history.[6] Disney also won seven Emmy Awards and gave his name to the Disneyland and Walt Disney World Resorttheme parks in the U.S., as well as the international resorts Tokyo Disney Resort, Disneyland Paris, and Hong Kong Disneyland. The year after his December 15, 1966 death from lung cancer in Burbank, California, construction began on Walt Disney World Resort in Florida. His brother Roy Disney inaugurated the Magic Kingdom on October 1, 1971. 1901–1937: Beginnings Childhood Disney was born on December 5, 1901, at 2156 N. Tripp Avenue in Chicago's Hermosa community area to...
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...Women’s Business Center Group Members: Angelia Romero Chancelor Lowe Table of Contents * * Cover Page Table of Contents…….pg 2 * Summary…….pg 4 * Center for Women’s Business Research Urges SBA to Revise Its Federal Contracting Plan for Women Business Owners…….pg 5 * Study reveals economic impact of Northeast Florida’s women business owners…….pg 8 * Supporting Women Entrepreneurs at Every Step…….pg 11 * Message from the Director…….pg 12 * Businesses Owned by Women of Color Growing Faster Than All U.S Firms…….pg 13 * Sponsorship Benefits…….pg 16 * DR. Sharon Hadary Discusses Changes for Women- Owned Firms…….pg 19 * Women Own 20% of $1 Million Plus Businesses…….pg 23 * New Numbers Show Women- Owned Firms Comprise Forty Percent of all Firms…….pg 27 * About Center for Women’s Business Research…….pg 27 * DR. Sharon Hadary Retiring from Center for Women’s Business Research…….pg 29 * The Research Team…….pg 30 Summary The Women’s Business Center movement, and federal funding of many of those centers through the U.S. Small Business Administration (SBA), emerged in the mid-1990s as a means for assisting women in business formation, particularly those who were socially and economically disadvantaged. The Impact and Influence of Women’s Business Centers research study examines the social and economic impact of Women’s Business Centers throughout the United States and their effectiveness at assisting women entrepreneurs...
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...marketing mix. The strategic concept of Nokia is to take the demand-side strategy. Nokia subdivides the whole market into several objective markets according to the researches about the partialities of different individuals. And then different types of mobile phones are put into the market aimed at attracting different consumer groups. The competitive strategy of Nokia is to improve the innovative ability to win the competitive advantage. Strong technological innovation ability makes Nokia stand in the most forward position of mobile industry all the time, and characterized this brand by a special vitality. And the marketing mix of Nokia is to use the integrated marketing strategy including product, price, promotion and place. It values the construction of a brand, the...
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...The Risk of Living in a Riverside Home Riverside, California is a playground for anthropologists studying risks. Being centered next to three major highways makes Riverside a corridor for freight businesses and poses as a convenient location for many other companies. Thinking about risks in Riverside led me to research the risks prevalent in low income homes and neighborhoods in Riverside. These neighborhoods are located toward the city center and/or near industrial zones. Low income properties provide sufficient risk analysis due to their age and condition which generally leads to neglect of the property. This can be contrasted against newer, higher income homes which are placed in areas secluded from the city center and away from industrial sites. Another reason why I chose to study low income homes and neighborhoods was due to the many risks that affect them outside of their vicinity. Pollution, social inequalities, traffic, and crime are examples of some environmental effects on these areas that contribute to them being labeled as “risky”. Exposing environmental and structural risks of low income areas can help explain disparities in society today. Incorporating books such as Flammable and Risk as well as other articles pertaining to risk, I attempt to enforce the idea of how the social construct of risk influences and upholds life in these homes and neighborhoods. Following social implications, I propose certain alternative methods of managing these risks. As a society,...
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...Women and Minorities Obtaining Executive Positions Doreatha Stokes AIU Online Instructor: Dr. Sharon Felton Unit 3 Individual Project/Argument Draft Abstract This thesis first draft will detail an argumentative pattern of development to include the thesis claim, supporting reasons and evidence regarding the idea that women and minorities have the ability to obtain an executive position if they strive to succeed. This paper will demonstrate the use of formal tone and style, while avoiding any personal pronouns of why women should not allow negative influences to deter them from reaching their highest levels of perfection. This paper will display cited and researched information regarding the need for women and minorities to continue to hone in on their strong points, and the need to continue to pursue their strengths while helping to make a change in the way society views them in the work force. Recognizing the very thought that some organizations do not support or guarantee that there would not be some form of bias or bigotry, this paper will display alternatives to insure more effective way to control this very issue. Statistics will provide conformation that no one should allow negative influence to stop them from reaching their goals as an executives. Thesis It is commonly known that in today’s society women are viewed as homemakers, and caregivers. When encouraging women to stay in the workplace it can seem as family unfriendly, says Lynn Utter, (2006) chief...
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