Free Essay

Microsot Project

In: Business and Management

Submitted By tamunaa
Words 3458
Pages 14
The exercises are based on a project plan to build a storage shed in the back yard. The plan has already been decided for you and the exercises are designed around the shed project. The focus should be on learning the tool, not the project itself.

As you progress through the exercises there is an expectation you will learn from the process, instructions on how to perform subsequent tasks with similar functions will less detailed than the first time you experience them. Refer to earlier exercises or ask the instructor if you need more information on how to complete the exercise.

Table of contents

SHED Project 2
Exercise 1 – Create a project 3
Exercise 2 – Entering tasks 5
Exercise 3 – Setting constraints, durations, and predecessors 6
Exercise 4 – Enter resources 9
Exercise 5 – Base line the project & enter actual values 11

SHED Project

Statement of work
We need storage for our lawn tools, equipment and other small items we want to get out of the garage. The shed will be built from a kit that can be ordered from Home Depot.

Requirements
Walls need to be 8 ft. tall; floor space needs to be 120 sq. ft, 2’x3’ windows on each side.
Need double doors on the front side to create a 7’x8’ opening, lockable.
The roof will be shingled to match the house, cedar siding stained to match the house.
Leave rafters open for additional storage, concrete slab floor
Location: SW corner of the back yard.
Estimated cost - $1,250
Estimated duration – 1 month (working Thursdays & Fridays)

Staff required:

• Andy Handy – hired hand at $25/hour • Betty Doe (daughter) – hired at $10/hour • Frank Doe (son) – hired at $10/hour • Homeowner – John Doe – sweat equity $0/hour

Steps to build:

• Order kit and schedule delivery (week one) o Duration: 1 day Hours: 2 Staff: John • Preparation (summary task) • Site preparation – clear and level the landscape (week one) o Duration: 2 days Hours: 12 each Staff: Betty, Frank, John • Pour the foundation (week two) o Duration: 1 day Hours: 5 each Staff: John, Andy • Receive delivery of kit o Duration: 1 day Hours: 2 Staff: John • Set delivery as a milestone o Duration: 0 days Hours: 0 Staff: None • Assembly (summary task) • Assemble kit (week three) o Duration: 1 day Hours: 5 each Staff: John, Andy • Stain the shed o Duration: 1 day Hours: 2 each Staff: Frank, Betty • Plant landscaping/flowers o Duration: 1 day Hours: 4 Staff: Betty • Fill shed (week four) o Duration: 1 day Hours: 5 each Staff: John, Frank

Exercise 1 – Create a project

1. Create a project file a. Open Microsoft Project Professional 2010 b. Close the New Project window pane on the left side of the screen by select the X (close window option). c. Save the new project file using the File | Save option on the main menu. Use the file name: My Shed1a 2. Enter project information a. Access the project information dialog box using Project | Project Information from the main menu. b. Set the start date to: July 7th, 2013 c. Leave all other options as the defaults settings. d. Close the project information dialog box by selecting OK. 3. Enter project defaults a. Access the project Options dialog box by selecting Tools | Options from the main menu. b. Select the Schedule Tab c. Check the following settings, change them as necessary: i. Set the Duration is entered in: Days ii. Set the Work is entered in: Hours iii. Set the Default task type: Fixed Duration iv. Uncheck New Tasks Are Effort Driven v. Select Set as Default to store these settings d. Select the View Tab e. Check the following settings, change them as necessary: i. Set the Date Format to: day mm/dd/yy (Mon 1/28/13) ii. Check Show Project Summary Task iii. Select OK to close the Options NOTE: a project summary task will appear in your project with the name of the project file. When you save the project file out under a new version, the project title shown in the project summary task will change accordingly.

4. Add a task sheet view a. Select View | More Views from the main menu bar. b. Scroll down and select Task Sheet c. Select Edit d. In the View Definition dialog box, check Show In Menu e. Select OK to close the dialog box. f. Select Apply to change the view to the Task Sheet g. Add columns to the Task Sheet view i. Click on the title of Start column to select the entire column ii. Select Insert | Column from the main menu bar to open the Column Definition dialog box iii. Select pull-down menu for Field Name – scroll down to select Work iv. Click OK v. The Work column will have been inserted before the Start column vi. Click on the title of the Duration column to select the entire column. vii. Select Insert | Column from the main menu bar to open the Column Definition dialog box viii. Select the pull-down menu for Field Name – scroll up to select the field % Complete ix. Click OK x. The % Complete column will have been inserted before the Duration column.

Exercise 2 – Entering tasks

1. Select the task name cell below the project summary task My Shed1b, Enter the following values in the task name cells, pressing Enter accepts the value and moves to the next cell. a. Enter: Order kit & schedule delivery b. Enter: Preparation c. Enter: Site preparation d. Enter: Pour the foundation e. Enter: Receive the delivery f. Enter: Delivery milestone g. Enter: Assembly h. Enter: Assemble kit i. Enter: Stain the shed j. Enter: Plant landscaping k. Enter: Fill the shed 2. Select task 3 by selecting the 3 in the gray left column. This will highlight the entire row. 3. Select the “right arrow” (indent) option from the main menu bar. This will move the contents of task 3 to the right one level underneath preparation. 4. Select task 4 by selecting the 4 in the gray left column. 5. Select the “right arrow” (indent option) from the main menu bar. 6. Now tasks 3 & 4 should be sub-tasks of task 2 and task 2 (Preparation) is now a summary task. 7. Select tasks 8, 9, and 10 by placing the cursor on the 8 in the gray left column, clicking the left mouse button (holding it down) and dragging it until all three rows are selected. 8. Select the “right arrow” (indent option) form the main menu bar. 9. Now tasks 8, 9, and 10 are sub-tasks of task 7 and task 7 is now a summary task.

Exercise 3 – Setting constraints, durations, and predecessors

1. Setting constraints a. Select task 4 – Pour the foundation b. Double click on the task to open the Task Information dialog box c. Select the Advanced Tab d. Select the pull-down menu for Constraint type: select Start no earlier than. e. Select the pull-down menu for Constraint date, from the calendar dialog select July 15, 2013 f. Click OK g. NOTE: an icon appears in the left most white column (the indicator column) showing that a constraint has been placed on this task. Place your cursor over the icon and a tool tip will appear indicating the constraint. 2. Setting durations a. NOTE: currently all tasks have question marks in the duration field indicating the current durations as estimates. b. NOTE: durations are entered for all NON-BOLD tasks, meaning we do not enter durations for Summary Tasks, Microsoft Project will automatically roll-up the sub-task values for each field. c. Select the duration field for each of the following tasks and enter the appropriate values, pressing Enter will accept the value and move to the next field, use the down arrow key to skip over fields as needed: i. Task 1 – Order kit & schedule delivery - Enter: 1 ii. Task 3 – Site preparation – Enter 2 iii. Task 4 – Pour the foundation – Enter 1 iv. Task 5 – Receive delivery – Enter 1 v. Task 6 – Delivery milestone – Enter 0 vi. Task 8 – Assemble kit – Enter 2 vii. Task 9 – Stain the shed – Enter 1 viii. Task 10 – Plant landscaping – Enter 1 ix. Task 11 – Fill the shed – Enter 1 d. Save the file. Use the file name: My Shed1d

3. Setting predecessors of tasks manually a. NOTE: sub-tasks automatically have summary tasks as predecessors. b. NOTE: it is recommended to establish predecessors for all summary tasks and sub-tasks (on the same level) at the same time. This has the effect of linking project phases in order. c. Select the predecessor field for each of the following tasks and enter the appropriate value: i. Task 2 – Preparation – Enter 1, this makes preparation dependent on ordering the kit. ii. Task 5 – Receive the delivery – Enter 2, this makes delivery dependent on preparation. iii. Task 6 – Delivery milestone – Enter 5, this makes the milestone dependent on the actual delivery. iv. Task 7 – Assembly – Enter 6, this makes assembly dependent on the delivery milestone. v. Task 11 – Fill the shed – Enter 7, this makes fill the shed, dependent on completing the assembly. vi. NOTE: as you enter predecessors, Start and Finish dates for tasks will change. Some values may change to a “######” indicating the column is not wide enough to display the value. Double click on the right side of the column divider in the header bar of the column that is too small to automatically expand the size of the column.

Setting predecessors of multiple tasks at the same time d. NOTE: tasks that are all sub-tasks and logical steps following each other may be linked together as a series. e. Select the task 3 – Site preparation in the left column, click the left mouse button, drag the mouse cursor down until task 4 – Pour the foundation is also selected. f. Select the “chain link” icon in the main menu bar to link all the selected tasks. g. Select the task 8 – Assemble the kit in the left column, click the left mouse button, drag the mouse cursor down until task 10 – Plant landscaping is also selected (along with task 9). h. Select the “chain link” icon in the main menu bar to link all the selected tasks.

4. Adjusting predecessor settings a. NOTE: now any adjustments that are needed can be made. Typically when tasks are linked, each subsequent task will begin after the first task is finished. Sometimes tasks need to start together or have lag time between the completion of a task and the start of another task. In our example we are only working on Thursday’s and Fridays. One way to force this is to adjust the lag time between tasks until subsequent tasks start on the correct day. b. Select the predecessors field for each of the following tasks and enter the appropriate values: i. Task 2 – Preparation – Change to 1SS, this makes the task start at the same time as task 1. ii. Task 5 – Receive delivery – Change to 2FS+3, this makes the task start 3 days after task 2 finished to force it to start on Thursday. iii. Task 7 – Assembly – Change to 5SS, this makes the task start on the same day as the kit is received. iv. Task 9 – Stain the shed – Change to 8FS+3, this makes the task start 3 days after task 8 finished to force it to start on Thursday. v. Task 11 – Plant landscaping – Change to 9SS, this will make the task start on the same day as task 8.

Exercise 4 – Enter resources
Entering Resource Names a. Select View | Resource Sheet from the menu bar. This will change the display of the project file to show resources defined to the project. b. Select the top cell under the Resource Name column c. Enter Andy Handy d. Enter Betty Doe e. Enter Frank Doe f. Enter John Doe g. Enter Shed Kit 1. Assigning Resource Type a. Select the Type cell for Resource 5 – Shed Kit b. From the drop down menu select Material 2. Assigning Resource Rates a. Select the Std. Rate cell for Andy Handy b. Enter $25/hr c. Enter Betty’s rate at $10/hr d. Enter Frank’s rate at $10/hr e. Enter $1250 for the material rate for the Shed Kit 3. Assigning resources to tasks a. Select View | Task Sheet view from the menu bar. b. Select the Resource Names field for task 1 – Order kit & schedule delivery c. From the drop-down menu, select John Doe and hit enter d. Select the Resource Names field for task 3 – Site preparation e. From the drop-down menu, select Betty Doe and enter a comma (don’t hit enter) f. From the drop-down menu, select Frank Doe and enter a comma (don’t hit enter) g. From the drop-down menu, select John Doe and hit enter h. Double-click on the right side of the title bar for Resource Names to resize the column so all names display. i. Add John Doe and Andy Handy as resources on task 4 – Pour the foundation. j. Add John Doe as the resource on task 5 – Receive delivery. k. Add John Doe and Andy Handy as resources on task 8 – Assemble kit. l. Add Frank Doe and Betty Doe as resources on task 9 – Stain the shed. m. Add Betty Doe as the resource on task 10 – Plant landscaping. n. Add John Doe and Frank Doe as resources on task 11 – Fill shed. o. Adjust columns widths as needed.

4. Entering estimated work a. NOTE: for each task, double click on the task to open the Task Information dialog box, select the Resources tab and enter the appropriate values. Press OK to accept the values entered and close the Task Information dialog box. b. NOTE: as values are enter in hours, they are automatically converted back to percentages based on an 8 hour day (the default work day). c. Double click task 1 – Order kit & schedule delivery i. In the Units field for John, type 2h and press enter. d. Double click task 3 – Site preparation. i. In the Units field for Betty, type 12h and press enter. ii. In the Units field for Frank, type 12h and press enter. iii. In the Units field for John, type 12h and press enter. e. Double click task 4 – Pour the foundation. i. In the Units field for John, type 5h and press enter. ii. In the Units field for Andy, type 5h and press enter. f. Double click task 5 – Receive delivery. i. Assign 2 hours (2h) to John for this task. g. Double click task 8 – Assemble kit. i. Assign 10 hours each (10h) to John and Andy for this task. h. Double click task 9 – Stain the shed. i. Assign 2 hours each (2h) to Frank and Betty for this task. i. Double click task 10 – Plant landscaping. i. Assign 4 hours (4h) to Betty for this task. j. Double click task 11 – Fill Shed i. Assign 5 hours each (5h) to John and Frank for this task.

[pic]

Exercise 5 – Base line the project & enter actual values

1. Base line the project a. Select Tools | Tracking | Save Baseline from the main menu. b. In the Save Baseline dialog, make sure Save Baseline and For: Entire Project is selected. c. Click Ok. d. NOTE: this is a major step. The field values have now has been copied into base line fields of the same name. This saves these values for later comparison and allows the original fields to be used for entering actual values. Since this is a major change in the project, it is recommended that you change the version number as well as the version letter of the file name.

2. Enter actual values a. The shed kit was ordered on time and it took 2 hours, the task information is already correct. i. Select the % Complete field for task 1 and enter 100. ii. NOTE: a check mark will appear in the indicator column on the left side of the screen showing the task is complete. b. The site preparation was completed on time, but each worker only spent 8 hours on this task rather than the originally projected 12 hours each. i. Double click the Site preparation task. ii. In the Task Information dialog, select the Resources tab. iii. Under Units, enter 8 hours (8h) for each resource. iv. Click Ok. v. Select the % Complete field and enter 100 to complete the task. c. The foundation was poured on time and on schedule. i. Enter 100 in the % Complete field. d. The shed kit was delivered on time, but John only spent 1 hour on this task. i. Double click the Receive delivery task. ii. In the Task Information dialog, select the Resources tab. iii. Under Units, enter 1 hour (1h) for John. iv. Click Ok. v. Enter 100 in the % Complete field. e. Delivery of the Shed kit is complete. i. Enter 100 in the % Complete field. f. There was a rain delay on Thursday, July 21, 2013 so work could not be started on schedule. The skies cleared up and allowed work to begin on Friday, July 22, 2013. Each resource spent 8 hours on Friday, meaning we have some work that will need to be completed next Thursday. Note: This means the schedule will have to be adjusted. i. Select the Start field on the Assemble kit task and enter 7/22/13. ii. Since we are only working on Thursdays and Friday, change the Duration to 5 days to have the task end on the following Thursday. Note: you will need to go back into the Task Information dialog box and re-enter the hours to 10 hours each person (the originally projected work load) as Microsoft Project adjusted the work when the duration changed. iii. Since the task is incomplete, we do not enter any other information at this time. iv. NOTE: the remaining tasks are now off track. You need to adjust them appropriately to make the work occur on Thursday or Friday. v. Change the predecessor for Stain the shed from 8FS+3 to 8FS+4.

g. No other tasks have been started.

NOTE: when entering actual information, usually the effort required to maintain task information of tasks less than 100% complete is more than the benefit received from tracking it. It is recommended you only enter actual information when a task is complete. You may wish to adjust the schedule to reflect reality as you progress.

NOTE: when entering actual information it is recommended to get into the habit of entering information in a sequence to minimize Microsoft Project adjusting information for you.

The recommended sequence for entering actual information is:

• Set the start date first if it has changed. • Break predecessor / successor links or adjust constraints as necessary to make Microsoft Project accept actual values. • Adjust the duration to match reality, making the end date correct. • Enter actual work time for resources. • Adjust any other tasks down-stream as needed.

Exercise 6 – Views

1. Gantt Chart a. Select the Gantt Chart from the View Bar. 2. Tracking Gantt a. Select the Tracking Gantt from the View Bar. b. Notice the effect of the rain delay. 3. Creating a new view a. Select the Task Sheet from the View Bar. b. Select More Views from the View Bar. c. In the More Views dialog, select Copy. d. In the View definition in… dialog, type Shed WBS in the Name field. e. Check the Show in menu box. f. Click Ok. g. In the More Views dialog, click Apply.

NOTE: You should now have a “Shed WBS” view in the view menu.

h. From the main menu, select View | Table: Entry | More Tables. i. In the More Tables dialog the Entry table is selected, click Copy. j. In the Table definition in … dialog, type Shed WBS in the Name field. k. Check the Show in menu box. l. Click Ok. m. In the More Tables dialog, click Apply.

NOTE: You now have a “Shed WBS” with its own table. This allows you to modify columns in this view without affecting other views.

4. Applying a filter a. From the main menu, select Project | Filtered for: All Tasks | Using Resource. b. In the Using Resource dialog, select the drop-down list. c. Choose Andy Handy. d. Click Ok.

NOTE: You now see the tasks Andy Handy is assigned in the Shed WBS view. The screen shot for exercise 6 shows this view.

e. From the main menu, select Project | Filtered for: Using Resource… | All Tasks. f. Close Microsoft Project.

Similar Documents

Free Essay

Tim and Funding

...Few memories as a failure on a major project from half a decade ago still vividly remains in memories. As a Research Assistant to Tim, it was my first paid job. Tim, an Engineer, worked in silos and had driver social style to his heart beat. He only communicated the expectations without delving in the details that he had in his mind. Even though the Office space was a closed knit space for 16 students, Tim seldom hung out with people to build personal relationships. He only interacted with others when there was a need. His lack of explanation on why the project was needed had left me wondering regarding purpose and design aspects of the new programming project. I struggled on how to effectively design the project and often sought help from other people, who recommended me that the project needed investment in new programming platform as old platform was incapable of achieving the project objectives. After making almost no progress on the project and wasting time in attempts to make old platform workable, I received a vehement email from Tim, stating that XYZ Inc. was deciding to scale back on funding, as no progress reports were submitted. I was shocked to learn that I was even expected to submit progress reports at the end of quarter on the undertaken project in which I had neither any clue nor communication. As an amiable person, I was too quick to reach an agreement with Tim on project deliverables. I had thought that I would be receiving friendly advice and guidance from...

Words: 444 - Pages: 2

Premium Essay

Student

...and answer document, uploaded to D2L dropbox. You will have to find an IT professional to interview on your own.  Description of this assignment 1. Each student needs to find a candidate for a Post-implementation Review (PIR) report describing an information systems development project. 2. Where can you find an information technology professional to interview? You will have to find an IT professional to interview on your own.    3. If you work for a business or government organization, you should consider interviewing the IT/MIS director for your organization.  If you work P/T or F/T in any reasonably sized organization, it is likely that there are some IT workers around (like help desk staff, programmers, analysts, network technicians or even IT managers). It can even be a friend, relative or acquaintance you know who works in such a job. 4. The following is a list of themes that you could address in the interview: Please do not write this paper in question and answer format. Use the questions below to help guide the interview. ▪ What type of job does he/she do? For whom? ▪ What projects is he/she currently working on for the organization? ▪ What projects has he/she recently completed? ▪ What IT applications has the firm recently implemented? ▪ Were the most recently applications developed in-house, were they outsourced development or were they application software packages that were customized and purchased? ...

Words: 563 - Pages: 3

Premium Essay

Poo on Women: Is This Bad?

...Kempen | C402/C405 | Extend Diploma Mechanical Engineering EDENGM22A/B | Peter Kempen | C402/C405 | | GCSE English | Katherine Davey | G4 | GCSE English | Katherine Davey | G4 | | AS English Literature | Francesca Thomas | A58 | | | | | Archaeology: Unit 1 | Caroline Wilcox | B254 | Archaeology: Unit 2 | Caroline Wilcox | B254 | | Vocational Business assignment completion | Kemi Osoba | A49 | Vocational Business assignment completion | Bekoe Newman | A49 | | Vocational Sport and Travel Tourism assignment completion | Danny Chilvers | A50 | Vocational Sport and Travel Tourism assignment completion | Danny Chilvers | A50 | | AS /A2 GraphicsExtend Diploma Year 2 Final Major Project | Mark Pearson | Art Rooms | AS /A2 GraphicsExtend Diploma Year 2 Final Major Project | Mark Pearson | Art Rooms | Spring Term Revision Schedule 2013-14 Week 1 | Tuesday 8th April | | Morning session 10.00-12.00 | Afternoon Session 1.00-3.00 | | Subject/course | Teacher | Room | Subject/course | Teacher | Room | | A2 Business (China Research Theme) | Nessa | A25 | AS Business | Nessa | A25 | | A2 Economics | Charles | G5 | AS Economics | Charles | | | AS Business | Sarah (11.00-12.30) | A39 | A2 Business (Higher level exam technique) | Sarah | A39 | | AS Law | Amina | A26 | | | | | Vocational Business assignment completion | Kemi Osoba | A49 | Vocational Business assignment completion | Bekoe Newman | A49...

Words: 883 - Pages: 4

Premium Essay

Microsoft Excel

...For ""Anticipated Project Size"" use your internal metrics as guidance. For example, if you use lines of code, then mentally assign ball park values to Small, Medium and Large as part of determining whether to give this criteria a high or low score. Follow a similar process ""Anticipated Duration"". Since project duration depends on project complexity, mentally categorize earlier projects as short, average or long duration to help put the current project in context. 2. After assigning a score for each criteria, view the Feasibility Study Suitability Indicator to discover the best method to use for determining project viability. 3. Omitted criteria will give an inaccurate result, so ensure all criteria are scored before checking the indicator." Criteria "Score (1=high, 3=low)" Guidelines Business Risk "1 = Significant, high-risk projects 2 = Low-to-modertate risk projects 3 = Small, low risk projects" Technology Risk "1 = Significant, high risk technological risks 2 = Low-to-moderate technological risks 3 = Small, low technological risks" Anticipated Project Size "1 = Large 2 = Medium sized 3 = Small" Anticipated Project Duration "1 = Long 2 = Medium duration 3 = Short" Project Dependencies "1 = Substantial and intricate project dependencies 2 = Minimal or manageable project dependencies 3 = No project dependencies" ...

Words: 451 - Pages: 2

Free Essay

Enterprenure

...(EPIEC) . From there he gained a lot of working experience and knowledge which made him to success in his business later . Business Motivation and starting One of the motivating factors was his father’s dream of his establishment in the society and another factor was after the independence of Bangladesh Aminul Islam realized that a new country has been born, therefore, a lot of construction will be needed for the development of the country and that is when he came up with the idea of Project Builders Limited. He proposed the idea to three other recent BUET graduates and they agreed to start with this new business. After the death of one of the partner and other two sold their share currently Aminul Islam is the only Managing Director and Chairman of Project Builders Limited. Vision The vision of Project Builders limited is to make quality constructions and make a strong infrastructure development of the country. Mission Construction of important structure and projects and to become the number one construction builder in Bangladesh. Initial Finance The company was initially started with four partners along...

Words: 2081 - Pages: 9

Free Essay

Kanpur

...knowledge to serve my best to the organization as well as my professional growth. Academics Relevant Courses: • Completed six weeks course and training in JAVA from SLR Infotech Pvt. Ltd, CHANDIGARH. • Pursuing 6 Months course and training in JAVA from DUCAT,NOIDA. • Completed six weeks course in C++ From ICT, KAITHAL B. Tech Projects: S.No Name Of the Project Description Team Members Roles and Responsibilities 1. CHANDIGARH TOURISM (B.Tech Summer Training Project) It was a software project based on core JAVA. It includes all the places to visit , map of chandigarh , hotel room booking , slides . Backend was based on MS-ACCESS . 2 Coding of Some pages, database manipulation & connectivity and preparing Crystal Reports. 2. DELHI TOURISM (B.Tech Minor Project ) It was a software project based on core JAVA. It includes all the places to visit , map of delhi , hotel room booking , slides . Backend was based on MS-ACCESS . 2 Coding of Some pages, database manipulation & connectivity and preparing Crystal Reports. 3. CRIME FILE MANAGEMENT (B.Tech Major Project ) It was a website describing various departments in crime department. It includes 3 modules WRITER , INSPECTOR , ADMIN. Writer writes complaints , Inspector investigates by watching the record using id’s and admin has all the controls. Platform used was ECLIPSE and backend was ORACLE database. 2 Overall designing of pages & coding of Admin Panel. Extra...

Words: 375 - Pages: 2

Premium Essay

Sharon Construction

...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...

Words: 918 - Pages: 4

Premium Essay

My Paper

...FOR PROJECT A Cash Flows DCF (13%) PV 350,000 0.8850 309,750 350,000 0.7831 274,085 350,000 0.6931 242,585 826,420 NPV = 826,420 – 735,000 NPV = 91,420 FOR PROJECT B Cash Flows DCF (13%) PV 300,000 0.8850 265,500 300,000 0.7831 234,930 300,000 0.6931 207,930 708,360 NPV = 708,360 – 690,000 NPV = 18,360 FOR PROJECT C Cash Flows DCF (13%) PV 200,000 0.8850 177,000 200,000 0.7831 156,620 200,000 0.6931 138,620 472,240 NPV = 472,240 – 600,000 NPV = (127,760) Assuming the cost of capital increase to 15%, the new NPV will be as follows FOR PROJECT A Cash Flows DCF (15%) PV 350,000 0.8696 304,360 350,000 0.7561 264,635 350,000 0.6575 230,125 799,120 NPV = 799,120 – 735,000 NPV = 64,120 FOR PROJECT B Cash Flows DCF (15%) PV 300,000 0.8696 260,880 300,000 0.7561 226,830 300,000 0.6575 197,250 684,960 NPV = 684,960 – 690,000 NPV = (5,040) FOR PROJECT C Cash Flows DCF (15%) PV 200,000 0.8696 173,920 200,000 0.7561 151,220 200,000 0.6575 131,500 456,640 NPV = 456,640 – 600,000 NPV = (143,360) At this point it is necessary for one to determine the sensitivity of the change in NPV of the three projects due to the increase in cost of capital. SUMMARY OF NPVS’ CALCULATIONS PROJECT | NPV @ 13% | NPV @ 15% | % CHANGE IN NPV | A | 91,420 | 64,120 | * 29.86% | B | 18,360 | (5,040) | * 127.45% | C | (127,760) | (143,360) | * 12.2% | From the table above it is clear that all three projects had...

Words: 350 - Pages: 2

Free Essay

Business

...selected a company in which they wanted to go with. Before the project began there are several things in which both the client and the consultant should cover before making an agreement to enter into a contract. The client and the consultant both should understand the risks of a project, the cost, rewards, and deadlines. There are three reasons for success or failure that could happen with the new project. One is the importance of the consultant competency and fit with the company needs. The consultant should be able to understand the company and what it does and its needs. It’s important In this case the consultant should ask themselves if this is something they are able to do. The second reason is the interpersonal fit between the consultant and the clients. The consultant should be able to speak with the client and feel they are going to be able to talk to them in regards to the business needs. Finally the last reason is if the consultant is able to establish ground rules for the consulting process. Being able to identify the rules before and making sure it’s something they can commit to will help both parties. Fullerton, Johanna; West, Michael View Profile The client and the consultant should both agree on the scope of the project, the project time line, what both parties are hoping to achieve , the client role vs. the consultant role, and finally how the client measure to the success of the project. www.partnercomm.net. When a client brings in a consultant...

Words: 1060 - Pages: 5

Premium Essay

Half Term Revision Dates

...Kempen | C402/C405 | Extend Diploma Mechanical Engineering EDENGM22A/B | Peter Kempen | C402/C405 | | GCSE English | Katherine Davey | G4 | GCSE English | Katherine Davey | G4 | | AS English Literature | Francesca Thomas | A58 | | | | | Archaeology: Unit 1 | Caroline Wilcox | B254 | Archaeology: Unit 2 | Caroline Wilcox | B254 | | Vocational Business assignment completion | Kemi Osoba | A49 | Vocational Business assignment completion | Bekoe Newman | A49 | | Vocational Sport and Travel Tourism assignment completion | Danny Chilvers | A50 | Vocational Sport and Travel Tourism assignment completion | Danny Chilvers | A50 | | AS /A2 GraphicsExtend Diploma Year 2 Final Major Project | Mark Pearson | Art Rooms | AS /A2 GraphicsExtend Diploma Year 2 Final Major Project | Mark Pearson | Art Rooms | Spring Term Revision Schedule 2013-14 Week 1 | Tuesday 8th April | | Morning session 10.00-12.00 | Afternoon Session 1.00-3.00 | | Subject/course | Teacher | Room | Subject/course | Teacher | Room | | A2 Business (China Research Theme) | Nessa | A25 | AS Business | Nessa | A25 | | A2 Economics | Charles | G5 | AS Economics | Charles | | | AS Business | Sarah (11.00-12.30) | A39 | A2 Business (Higher level exam technique) | Sarah | A39 | | AS Law | Amina | A26 | | | | | Vocational Business assignment completion | Kemi Osoba | A49 | Vocational Business assignment completion | Bekoe Newman | A49...

Words: 883 - Pages: 4

Free Essay

Individual or Small Group Student Projects

...Individual or Small Group Student Projects Contacting Community Partners When contacting an outside organization about a service-learning project, you want to make sure to maintain a professional attitude. So how do you make the first call? Below follows a possible introduction to use when calling and making that first contact with an agency of your choice. Hello, my name is _______________________. I am presently enrolled in a ___________course at [name of campus]. My [instructor or Student Success Lead] gave me your name and number. I am very interested in doing a service-learning project for your agency. I want to apply the _________skills I am learning in my _________class to the volunteer position. When can I meet with you to discuss this further? If you have to leave a message, don’t be discouraged. Because many nonprofit and community agencies are understaffed, they might not return your call right away. Persistence is important in regards to making contacts and starting your service experience. More Communication Tips: When speaking to the site supervisor… * Ask about the organization’s volunteer policies and training guidelines. It is possible that you need to fill out additional paperwork with their agency as well as the GU/MSB/UCC paperwork. * Explain the course objectives (provided in your course syllabus) and tell them that you have __ service-learning hours to fulfill for your course. * Tell them your availability. What times are best...

Words: 365 - Pages: 2

Free Essay

Strategies to Make a Team Work

...slipping they can reach out to that team member to offer assistance or re-assign the project so that team doesn’t fail and that person doesn’t feel picked on by the whole team. It also defines who should be asking questions and for nobody again to feel picked on or singled out by another peer. Assignment of projects and ownership is crucial to this being a team effort that everybody has a stake in the outcome of the project. Goals, both short and long term are effective for setting a timeline on when certain parts of the project need to be completed in order for the next piece to start and to ensure we meet our deadline for turning in the project on time. Setting a regular meeting schedule is a little harder with our team being spread out all over three time zones, jobs and family. Our team has discussed at least posting once a day what is going on and their status. Example I was out of pocket for two days and my team had no idea what had happened to me till I returned to explain that I had been to a funeral out of town. If I had posted ahead of time, the team would have known what to expect and when I would be back to contribute my part. I can already see within my team alone that they have asked questions or worded things in another way to enlighten some things that were not exactly clear to me, so I do see the benefits already of working in this team environment instead of tackling these projects all on as...

Words: 327 - Pages: 2

Free Essay

Media

...document is intended as a guide for students to follow when preparing their internship reports. Submit the report to the course instructor (J. Flores or D. Wallace) after completing the internship activity: 1) Title Page 2) Table of Contents • Include an entry each main section as identified below (Introduction, Responsibilities, Major Projects, etc. • Provide an entry for each appendix, i.e., Appendix 1: Internship Proposal, Appendix 2: Documentation of Work Hours, etc.) 3) Introduction • Provide background information on the Company (paragraph). 4) Responsibilities • This should be a generalized description of Internship responsibilities (a couple of paragraphs at most). • Include a statement of the number of hours worked, with supporting documents in the Appendix. 5) Major Projects • Write summary descriptions for each major project, report, employee communication, or training packages developed (about a paragraph summarizing each) • Heading Examples: o Cyanide air sampling project o MSDS Inventory o Lead abatement project o Respiratory Protection Training o Compressor House Noise Survey o Acid tank ventilation project o Ergo Hazard evaluations • Provide examples of your work in an appendix (see below) 6) Internship Summary • Include pros and cons of your experience 7) Appendices • Include documents supporting the report, such as: o Internship Proposal o Documentation of Work Hours  A copy of check stubs showing first check and last check is...

Words: 311 - Pages: 2

Free Essay

Flextronics: Deciding on a Shop-Floor System for Producing the Microsoft X-Box - Case Analysis

...1. 5 factors that make the decision difficult for McCusker: - Aggravation of both teams: If he decides to use either Datasweep or Virtual Factory, the other team may feel “lost”, which subsequently affect the harmony between two teams. - Time pressure of the project: There is not enough time for further analysis on the systems. - Unusual importance of the project: This is Flextronics’ first global project and its success or failure can affect the company’s reputation and ability to bid for future projects. It is closely observed by internal and external parties. In additional, the relationship with Microsoft is particularly important to Flextronics. - Pros and Cons of the choices: there is no single alternative that can solve all the problems. - Overstated infrastructure: during the bid process, Flextronics made Microsoft thought that a single system had existed in both facilities and raised it expectations very high while in fact the system was not already in place. 2. The criteria that McCusker should consider in his decisions: - Client’s satisfaction: This includes three sub-criteria: meet Microsoft’s tracking system requirements, deliver products on time and ensure product quality. - Employees’ satisfaction: Regardless which decision he make, McCusker have to ensure that employees at both factories are convinced with his decision and coordinate well with each other. - Cost-saving: The purpose of implementing the process at two different factories in two countries...

Words: 1283 - Pages: 6

Premium Essay

Dc Water

...infrastructure. In this nine year period, DC water failed to demonstrate and provide site specific performance information on the Potomac and Rock Creek illustrating that GI can achieve equal or greater reductions of combined sewer overflows (“CSOs”) compared to building tunnels. Therefore utilizing $30 million dollars of the rate‐payers money to reduce the size of the Potomac’s tunnel and replace it with GI is a poor choice since DC Water has not proved its proposed GI would fulfil the same requirement as a large tunnel would. DC Water’s General Manager, George Hawkins’ power point presentation indicates DC Water has invested 10 million in GI projects such as tree plantings, rain gardens, green roofs, bioretention, etc., but the presentation lacks providing any significant data or measuring tool on how successful the projects have been while implementing GI. The second reason DC water should not use GI, is the concern whether DC Water intends on using public or private land to implement GI along Rock Creek and the Potomac. DC water has not addressed issues such as easements associated with GI on property as well as maintaining the green infrastructure it will install on the land. DC Water has not discussed who will bear the burden of maintaining the GI and whether GI occurs on private...

Words: 739 - Pages: 3