...BA (Hons) Business Administration - Blended Learning Business and Commercial Awareness Coursework - 6FBS1261 Implementation Plan for the Operation Departmen Nicole Alexander Word count: 1495 TABLE OF CONTENTS Page no. Section 1- The Investment idea and the role of the Operation department 3 Section 2- How the investment idea will impact the Operation department 3 Section 3- Milestones and Time plan for the major operations activities 4 Section 4- Financial Overview for the Operations Section 6 Section 5- How the Operation implementation plan is linked with other departments 8 Section 6- Risks identification and Management 9 Section 7- Resource requirement by the operations department 10 Section 8- References 12 Section 1 The investment idea and the role of operations department The operation department stands as the foundation of the business operation, and how the company would be run and the ideal location for the business. The operations staff that would be involved is a few people since the business of upgrading two hotels that...
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...System Software for Attendance Management System Employee Time Management System Attendance Management Software Employee Performance Management Systems Employee Health Management Systems Online Project Management Systems Employee Payroll and Attendance Management System | … www.freestudentprojects.com/vb-net-projects/employee-payroll-and-att Pls send me how to log this payroll management system and send me a Vb code? thanks Employee Attendance Monitoring System Project | 1000 Projects 1000projects.org/employee-attendance-monitoring-system-project.html Payroll Management System ASP.Net Project with Documentation and Source Code Payroll management system is the heart of any Human Resource System of an ... ATTENDANCE MANAGEMENT SYSTEM | Projects - Classle https://www.classle.net/.../project_ideas/attendance-management-system Attendance management is the act of managing attendance or presence in a work setting to minimize loss due to employee downtime. Attendance control has … Attendance Management System | Free Student Projects www.freestudentprojects.com/.../attendance-management-system Attendance Management System. Project ID : 101220111325. The system records details such as arrival and departure of employees besides maintaining information ... Employee Management System - Student Project Code www.studentprojectcode.com/vbnetproject/employee-management-system Employee Management System software will manage the whole company Employee details like their attendance,salary details...
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...Project Management Question 1: Search the web for ‘‘Effective Project Communications.’’ Summarize at least one website and compare it to what was presented in this chapter. What new insights did you gain from this website? Communication is vital in project management. Effective communication skills are one of the most important qualities a project manager can possess. There are many mediums of communication such as verbal or written. During the course of a project there should be internal and external correspondence between all team members. This website points out that it is not how much a project manager says but saying the right things to the right people. As the text suggests in chapter 12, effective and frequent personal communication is crucial to keeping the project moving and avoid surprises. There also needs to be opportunities for team collaboration. The site is in favor of meetings instead of separate conversations. This can reduce the time the team spends in sharing information by half. As the team size increases, the more time it takes to communicate to the entire team. The best communication comes if the project manager condenses or filters the information. (http://www.projectmanagementguide.org/project-management/effective-communication) Question 2: Search the web for ‘‘Effective Listening Skills.’’ Identify several helpful techniques that were not presented in this chapter. To effectively communicate, a project manager must also have good listening...
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...some good project management based software that we can use to organize and stay on track. There are many options out there but I was looking for something… well… free! I stumbled upon a freeware gem called Project Pier. Surprisingly, it was very easy to setup and the GUI was simple to pick up. It comes out of the package ready to help manage multiple projects all at once. You can set milestones, set tasks, create reports, create and track tickets, write and manage wiki pages, and it comes with all the standard administration/configuration. Adding users and managing them is a breeze. It also has many configurable items such as email notifications. You can create a milestone goal for your company or project to achieve and then create a task list where you assign different tasks to different users. Each user gets notified of there tasks and given the deadlines. As tasks are completed, you can actively see the % of completion of each milestone or task. Its a true treasure to be able to see the progress your company makes day to day. The ticketing system is very straight forward. You can open tickets in categories like bug reports, enhancement requests, or defect. Each ticket gets assigned severity levels and can email notify specific individuals who will then update and close the ticket when the issue or enhancement request has been attended to. Project Pier requires Apache with PHP and MySQL database. If you need assistance with the install of Project Pier, then...
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...globe need successful and productive accounting software that support the firm and help it in development whether it’s an expansive endeavor or a little venture. The requirement for the business to have its accounts fit as a fiddle year-round is considerably a momentous accomplishment. The purpose is to help business operations run in a smooth by keeping track of all business transactions in the company (Campbell, 2012). The growth of the accounting system allows the growth of the business because the accounting system because more well-organized. With the accounting needs growth corresponding with the growth of the business, it is substantially important to analyze the great benefits of an efficient accounting system for the short and long term of a company. The firm indulgence in seeking the consultancy service for the Live project - QuickBooks in Action, the Prime Consultancy firm will seek to offer an expert opinion on the adequacy of establishing an accounting system using QuickBooks to BoliEve Inc. Allowing Prime Consultancy firm to be your consultant will not only avail consultancy services from personnel who are highly qualified and experienced at an affordable compensation, the firm will save the time and resources needed to successfully run the business and also ensure the firm takes a step in the right direction (Madeira, 2014). Granting Prime Consultancy the opportunity to offer consultancy services for establishing an accounting system using QuickBooks to BoliEve...
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...weeks to produce end of the quarter reports. I recommend that we implement a web-based accounting system that includes an extensive database to help our accountants to do their quarterly report. This consolidation of information will help them tremendously in saving time on going through all of our financial information and creating reports. The software that I suggest is called Intacct. Intacct is a Web-based financial accounting software system with that covers a large set of functionality. It can support applications for core accounting, time and expenses, revenue management, project accounting, order and billing, purchasing, global consolidations, multi-currency management, and financial reporting. It can also be accessed on demand through a browser over the Internet (cite). As well the database used for Intacct is oracle (About Us: Learn more about Intacct, 2013). The web-based accounting system that we will implement will incorporate and combine the best of the 3 financial systems that we used before. It will hold all the necessary information needed for accounting (The cost, prices, etc.). We will eliminate repetitiveness amongst the three difference systems combine commonalities of certain terms and codes (for example if price is labeled as “pr” in one of our old systems and “p” in another one of our old systems we will have price labeled as “price” in this new web-based accounting system). We will also allow exceptions...
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...help reduce spoilage and better rotation of products. It also reviewed and tied the accounts payable and receivable systems as well as payroll to the inventory system. The recommended system tied inventory into the accounts payable and receivable systems already being used. IT audits were reviewed and evaluated to assist with the design of the software and system. After reviewing the accounting information systems for Kudler Fine Foods (KFF) recommendations have been made to update and replace certain aspects of the information technology (IT) system to make the company more productive. From the review and research, it was recommended that the most appropriate audit was the findings and recommendation audit. Audits are required of most businesses and are time consuming for all involved. It can be nearly impossible for companies to conduct these audits efficiently without incorporating software to make this process more efficient. Computer Assisted Audit Tools One way to streamline the audit process is by the use of Computer Assisted Audit Tools or CAATs. These are accounting software that performs the function of the audit that used to be performed manually. CAAT’s will be modified to fit the needs of company during its...
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...Work Management Today is Eliminating Geography and Hierarchy, he talks about how technology, especially the internet has changed what modern businesses must do to be successful in today’s market. Steele explains that work management software is the best technology to utilize in the business world today. Steele says there are three two distinct observations that categorize the way software can: - Eliminate the restraints of geography - Eliminate the restraints of hierarchy. Steele breaks it down how both the internet and project management made these two element possible. First, is the restraints of geography, beforehand it was always difficult in the physical world when wanting to tackle a project (i.e Christopher Columbus sailing across the Atlantic) but now with invention of the internet, it changed geography as it now provided instant communication worldwide. Email has taken over other communication uses such as Mail, fax, and phone calls. With project management, technology now can expand beyond where they couldn’t have before. Business now can have a broad outreach where they can communicated across the world through cultures and other languages. Steele also points out that in some aspects, so geography still remain as far as shipping products. Steele says that Hierarchy is a less obvious restraint that has been overcome by work management tools. He makes a point to say that this doesn’t mean that the system of important roles isn’t extinct but abuse of power in a high-ranking...
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...Developing Accounting Systems Paula R Accounting Information Systems 9-3-14 Developing accounting systems does not just happen, and they are not merely luck, the have to be planned out. They are a product of good and require proper planning and have a good project manager. You also have to have a dedicated team of professionals that can work this new system with the proper training. For a good program for an accounting system, don’t focus on the price because you are going to have to pay for a good one. There are several different ways for implementing your new accounting system. Some employees will be thrilled, and some will hate the idea of something new. Choices are: mimicking the “demo company”, “or follow that what worked at the last implementation”, or research this new approach and use the one that will best work for you and your company. The accountant roles have changed over the last several years a lot. Besides traditional accounting knowledge also comes with knowing the basic office skills and organizational skills. With those skills they will also need the knowledge of computer sharing, the understanding of information systems designs, and system development and applications. Here are a few steps that represent the implementation stage: A. Project Management: Everything should be sent through the Project Manager before anything is done. This person will have the responsibility of keeping on task of the assignments, resource availability, documentation...
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...Hardware Replacement Project Steven Royster IT/205 Matthew Juliana 25 March 2012 The IT department wants to replace their old CRM with a new CRM solution. The only problem is that their existing hardware is old and out of date thus will not support the new CRM. I have been called in to not only access the situation but to analyze what equipment will be needed and help install the equipment. This has to be done before the new CRM can be installed and implemented. Before all that can happen I first must come up with a report for the executives that talks about the five project management variables and how they relate to the upcoming project. I will also discuss what considerations should be thought about as to get the company the best value and what factors will influence the project risk along with how to keep those risks down to a minimal amount. In order to get the picture of how the new CRM will work out the five major variables of project management must be analyzed to see how they will fit in to the scenario. The five major variables are scope, time, cost, quality, and risk. Every one of these variables will play a role in this project so I will discuss each one: 1. Scope defines what work is or is not included in a project. For this particular project there will be a scope for new networking equipment as well as computer equipment to implement the new CRM. The borderline of the scope for the project must not be crossed because it can possibly mess up one of...
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...Ratio Analysis: Financial Rations- relationships determined from firms financial information and used for comparison purposes. Short Term Solvency or Liquidity Rations: ✓ These ratios provide information about the firm’s liquidity. The primary concern us the firm’s ability to pay its bills over a short run without undue stress. The focus on current assets and liabilities. Generally, but not always, the book value and the market value of a firm’s current assets/liabilities are similar as their life is not long enough to cause huge differences. 1. Current Ration= Current Assets/Current Liabilities o Because current assets and liabilities are, in principle, converted to cash within twelve months, the current ratio is a measure of short-term liquidity; the unit measure is either in dollars or times. For a creditor, the higher the current ratio, the better. For firms, the higher the current ratio indicates liquidity and also an inefficient use of cash and other short-term assets. He ratio should generally be at least one. 2. The Quick of Acid-Test Ration= (Current Assets-Inventory)/Current Liabilities o Inventory is often the least liquid current asset, it’s the one for which the book value is the least reliable as measures do market value and the quality of the inventory isn’t considered. Relatively large inventories are often a sign of short-term trouble. The firm may have overbought /over produced because of overestimated sales. Using cash to...
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...28-Feb-11 Operations MBA - MBA in Operations … M.B.A. Today Preparing for your future... today • Home • Distance Learning • Professional Networking • Salaries • Careers • Schools by Location Pick a State ==>> Operations Management MBA Programs R e que st inform a tion from the top O nline and Ca m pus O pera tions Mana ge m e nt schools in the country. Specialized MBA Programs General MBA Programs Accounting Programs Finance Programs Health Care Management Programs Human Resource Programs Marketing Programs Project Management Programs Public Administration Programs Operations Management Programs Technology Management Programs Operations MBA Programs Le arn wha t typica l sala rie s a re for O pe ra tions Ma na gem e nt ca re ers a cross the state s. Typical Career Salaries for MBA graduates With a Global marketplace increasing levels of competition, organizations need to be fiercely efficient and effective in their efforts to gain their share of profits. Operations Manager career prospects appear relatively bright. How ever, growth for this occupation should only mimic growth in the careers the Operations Managers oversee. Operations Manager salaries are going to be seeing the greatest rise. Along with competition in other industries comes a need for the most competent and highly trained. A valuable Operations Manager is current with technological advancement as well as skilled in the area of creating successful business...
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...Managing financial resources and decisions Part 1 Assignment 1 Task 1 Sources of finance for different businesses Different sources of finance are given for, old, large small etc organizations. Type | Cost | Payback Terms | Sizes | Advantages | Disadvantages | Personal Savings | No cost | None | | Easy, cheap | Risk of Loss | Friends & Family | Usually good rate or none | Very flexible | | Flexible, best value | Can create friction | Home Mortgages - Traditional or Seconds | 7-9%8-14% on equity loans | Very long and flexible | 80-100% + of home equity value | Cheapest, longest term | Your house is at risk in the event of non-payment | Suppliers | Free | 30 days +/- | | Inexpensive, unsecured | Short term | Venture capital | 25-40% | 5-7 years | $500,000+ | Can get large amounts | Very hard to get; share ownership | Leasing companies | 12-18% | 5-7 years | Varies | Same as above; also 100% financing | | Banks | 6-9% | 1-5 years | $50,000+ | Generally least expensive | Generally hardest to qualify for | Task 2: a) Importance of financial planning for Barlett Company Some important factors are given below for the company: - * It helps in managing income more effectively through planning. * Increasing cash flows by carefully monitoring company’s spending patterns and expenditures. * Allowing the company to consider investments to improve its overall financial matters. b) Information needs of the different decision makers In the below table...
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...Process of China’s Construction Project Abstract As the ruthless competition in China’s construction industry, construction project requires a win-win method to acquire the maximal benefit and simultaneously to maintain the quality for keeping the place with the market. One method commended, cost control, especially in the design process, plays a very important role in the project procedure and financial management. This article presents the main implements of cost control utilizes in different aspects of construction and certain skills to control cost in design processes of construction project. These implements and skills could be very helpful for China’s construction companies to optimize their design process and offer beneficial influence to the following steps, increases the percentage of successful project in all projects; thereby to promote the development of the company and the whole industry. Key words: Design Process; Construction project; Cost control 1. Introduction Nowadays in China, the competition within construction industry is continuously increasing, and the profit spaces are limiting. As all the investment always expect for the maximal benefit, if a company want to keep the profit and position in the market in such complicated environment, the best method for it is applying cost control to the project. Cost control in financial management is an important aspect of project management over the whole life of projects. Successfully managing costs ensures...
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...Positivistic tendencies: Human Nature or Scientific Necessity Differentiate between a positive and normative accounting theory * Positive Theory seeks to explain and predict particular phenomena * Focuses on relationships between various individuals and how accounting is used to assist in the functioning of these relationships * Normative Theory prescribe how a particular practice should be undertaken Identify the origins of Positive Accounting Theory (PAT) * Assumption: All individual action is driven by self-interest opportunistic behaviour increase wealth does not incorporate notions of loyalty or morality * 1960s: paradigm shift from normative theories * Efficient Markets Hypothesis: capital markets react in an efficient and unbiased manner to publicly available information * Ball & Brown paper: investigated stock market reaction to accounting earnings announcements crucial to the acceptance of the positive research paradigm * Agency theory: explained why the selection of particular accounting method might matter focus: relationship between principals and agents information asymmetries create much uncertainty acceptance of transaction costs and information costs * Relies on traditional economics literature assumptions of self-interest and wealth maximization without having contractual agreements between the agents and the principal the agent will receive a reduced income agents then motivated to enter contracts...
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