Premium Essay

Project 4


Submitted By gigabyte
Words 320
Pages 2
Project 4:
Performance Measure Critique Paper


Summarize the control function and describe how it fits into the planning, organizing, and leading functions of management. In addition, include a discussion of the importance of accurate and timely information and the link between planning and controlling. This part of the project should be more than 1 page, but no more than 2 pages, double-spaced.

Presented below are several different types of performance measures. Please select two specific measures of each type or you may identify your own measures for each type.

For each measure you have selected or identified, explain what the measure is, evaluate the usefulness and importance of the measure, and discuss what potential actions an organization may consider in light of the outcomes of the measure.

You should have a total of eight measures, two for each type.

• Human Resource Measures: performance evaluations, productivity reports, turnover, absenteeism, employee satisfaction survey • Financial Measures: profit/loss, return on investment, profit margin, change in level of sales, budget comparisons and analysis • Market Position Measures: market share, size of company in comparison to competitors, global distribution and sales measures • Product/Service Measures: customer satisfaction survey, rate of customer returns, product rate of failure, number of clients served

This part of the paper should be between 3 and 4 pages long. In total the project should be between 5 and 6 pages long, double-spaced and a Cover Page should be included.

Due Date:

Post the project to your Assignments folder no later than Sunday midnight at the end of Week 8. Please submit the assignment as a file attachment using a file title “Firstname Lastname Project 4”.

Before you submit the project, please be sure to proofread for

Similar Documents

Premium Essay

Project Process 4 flow. Managerial functions of the project will stop at the Plant manager and Administration department. All other functional departments on the lower level will be responsible for production on a day-to-day basis. The diagram below shows the proposed organizational structure. Fig 1: Outline of Organizational Structure handeling the project Paarl Coldset Project Director D Le Fleur Plant Manager L Mhlongo Administrator Z Mangcola Supervisor 1 A Nkonyeni Supervisor 2 S Ketani Sorters Technicians Paarl Coldset Project Director D Le Fleur Plant Manager L Mhlongo Administrator Z Mangcola Supervisor 1 A Nkonyeni Supervisor 2 S Ketani Sorters Technicians Fig 2: Interface between Project Structure and Operational Structure Funding of Project Funding of Project Paarl Coldset Project Director D Le Fleur Plant Manager L Mhlongo Administrator Z Mangcola Supervisor 1 A Nkonyeni Supervisor 2 S Ketani Sorters Technicians Paarl Coldset Project Director D Le Fleur Plant Manager L Mhlongo Administrator Z Mangcola Supervisor 1 A Nkonyeni Supervisor 2 S Ketani Sorters Technicians Managerial Functions of Project Managerial Functions of Project Production Functions of Project Production Functions of Project Our Project Organization is based on grouping people together with a common goal and mission. Because our has a starting point and a termination point this project structure will...

Words: 439 - Pages: 2

Premium Essay

Project Mgt Chap 4

...Chapter 4 DEFINING THE PROJECT Chapter Outline 1. Step one: Defining the project scope A. Employing a project scope checklist 1. Project objective 2. Deliverables 3. Milestones 4. Technical requirements 5. Limits and exclusions 6. Review with customer 2. Step two: Establishing project priorities 3. Step three: Creating the work breakdown structure A. Major groupings found in a WBS B. WBS development 4. Step four: Integrating the WBS with the organization 5. Step five: Coding the WBS for the information system 6. Project rollup 7. Process breakdown structure 8. Responsibility matrices 9. Summary 10. Key terms 11. Review questions 12. Exercises 13. Case: Manchester United Soccer Club Chapter Objectives • To recognize the importance of a complete scope statement acceptable to your customer as a condition for project success • To layout guidelines for creating a WBS for a project • To demonstrate the importance of WBS to the management of projects and how it serves as a database for planning and control • To demonstrate how the OBS establishes accountability to organizational units • To apply a WBS to a case or suggested project Review Questions 1. What questions does a project objective answer? What would be an example of a good project objective? The project objectives answsers what, when, and how much. To replace the Williamette bridge by August 3rd at a cost not to...

Words: 1945 - Pages: 8

Premium Essay

Project Management Week 4

...Project Management Systems Week 4: Planning and Monitoring the Projects: Cost, Budget, and Earned Value Jan 22-28, 2012 The Huntsville Plant Project Planning and Monitoring Costs, Budget and Earned Value Analysis It is important that the SEITZ Corporation understands our progress in relation to both the project team and the SEITZ Corporation’s strategic goals and objectives, regarding the progress of the Huntsville plant. As a continued effort to report the progress that is being made on the plant project we would like to report how our project team is planning and monitoring costs, budget and earned value. As the project manager, I have used Key Performance Indicators (KPIs) to identify that the project is currently within budget. We have assigned fixed costs to the following tasks: * Building Design = $32,000 * Site Cost = $216,000 * Permit Cost = $3,200 * Building Cost = $1,200,000 * Equipment Cost = $780,000 * Equipment Installation = $120,000 * Truck Cost = $135,000 * Landscaping = $26,000 Total fixed costs = $2,512,200 In addition to assigning the fixed costs we have identified the total cost for the allocated resources to be $119,268. Between the fixed costs of tasks scheduled and the allocated resource hours that are utilized during the ‘Planning Phase’, we are looking at a budget of $283,882 thus far. Currently the ‘Planning Phase’ is set to take 10 weeks to complete with a total of 1,066 hours of allocated resources...

Words: 622 - Pages: 3

Premium Essay

Assignment 4 - Project Motorcycles

...Assignment 4: Project Motorcycles – The Comprehensive Project Plan Submitted By: Dhruv Jolly BUS 375 Dr. Mark C. Bojeun November 28, 2013 As a project manager, you’ll need to define Project Scope no matter what methodology you choose to use. Defining what is needed is the first step towards establishing a project timeline, setting project goals and allocating project resources. These steps will help you define the work that needs to be done – or in other words, define the Scope of the project (CIO, 2011). Scope is the summation of all deliverables required as a part of the project. This includes all products, services and results (Kerzner). The Scope here, is to successfully transition from manufacturing of ‘cruiser’ motorcycles, which have an engine or motor size ranging from 500 cc - 1,000 cc, to manufacturing of ‘touring’ motorcycles, which have an engine or motor size of 1,100 cc or larger. Project Scope, is the work that must be completed to achieve the final scope of the project, namely the products, services, and results. In this case, the Project Scope will include delivery of a larger engine or motor and transitioning from manufacturing ‘cruiser’ motorcycles, to ‘touring’ motorcycles. The Project Scope will list work that needs to be accomplished to deliver a product or service, with the specified features and functions. It will include benefits of the product to target audience, such as, comfort while driving long distances on the ‘touring’ motorcycles, engine...

Words: 3130 - Pages: 13

Premium Essay

Phase 4 Individual Project

...Phase 4 Individual Project: This assignment has 3 steps Step 1: Review the information on SMART goals from the following websites: Step 2: Determine one specific long-term career goal as well as two short-term goals that will assist you to meet that career goal. Fill out the template below then delete this page and save the document. Post your assignment by clicking on the Submit Assignments link. Long Term Career Goal Specific: What specifically do you want to accomplish? I want to be working for a computer company in 5yrs, making about 80,000-100,000 a year. I want to be living in a nice big house for my family in a nice subdivision or on my own land. But I know I can’t have all that without the right education. I must accomplish this goal so I can provide for my family and we can have nice things. Measureable: How will you measure if you are successful? I went to the military to learn about computers and networking and now that I am at a job that I deal with computers, networking and others things. But now that I am also going to school to further my education and get a degree in this field. I can now say I am on the right track at accomplishing my goal. Attainable: What plan will you put in place to ensure you can attain your goal? The plan I will put in place is to keep sharpening my skills in...

Words: 823 - Pages: 4

Premium Essay

Dq'Scmgt410 - Project PlanningWeek 4

...(DQ_1)Since the success of a project rests largely on the performance of the team, what are some techniques a project manager can employ to foster a group of individuals in becoming a cohesive and high-performing team? Motivating individuals can be a real challenge, adding the team aspect (depending on the size of the team) brings up many more challenges. If the project manager has the opportunity to pick his/her own team one can bet s/he is going to pick individuals that can be trusted. When a project manager is give a team that assigned to the project s/he will need to meet with each member to find out strengths and weakness; this will allow the manager to make correct assignments to the members. I fill that if the team members are assigned a portion of the project that fits their strengths, than the team will work well. Short projects, as a rule are easy to stay focused on. The motivation is to be quick and proficient, it is the long drawn out project that one may start to see separation of team members and lost motivation. I think one of the ways to keep a team running smoothly is to set mile-stones throughout the project, and make a note of showing appreciation when these mile-stone are met. Let the team know that not miles-stone can be met every time. The manager should then let the person(s) know that if there is a need of assistance, tell them to speak up letting the manager know that there is a need for help. One of the main jobs of the project manager is making sure...

Words: 603 - Pages: 3

Premium Essay

Project Control Week 4 Memo

...CMGT410 Project Controls MEMO TO: All Management FROM: Human Resources DATE: August 26, 2013 SUBJECT: Project Control Concerns From time to time there are concerns on how we handle and manage project control issues. There are some concerns that have been brought to my attention and this is to clear them up and erase any doubt you may have. Our Project is going as planned and is scheduled for completion on August 19th. All goals and milestones have been met leaving us at a 75% completion at this moment. As we continue to finish our final step for starting and finishing the training, we will provide you with a detailed timeline and spot on expenses. All travel plans are made and paid for, leaving us with just $45.00 under budget. All materials are complete and ready for training. The quality of the project is rated at a 99% overall superb quality as all is going according to plans. This leaves us with the final stage of execution which will leave us with 100% completion at the end of the 2nd day of training. No reported changes in schedule or budget. If any changes come to light within the last 24 hours of training, all parties will be notified the moment a problem is recognized and again when a solution is drawn. All changes are subject to approval and will be approved by a senior official before implemented. As of end of day Monday, there are no changes and no concerns. If you have any questions feel free to reach me at ext 4444. Project Management...

Words: 267 - Pages: 2

Premium Essay

Itm 423 - Module 4 Session Long Project

...TRIDENT UNIVERSITY INTERNATIONAL ITM 423: System Acquisition, System Development and Project Management Module 4: Project Planning, Scheduling, Budgeting & Risk Management Session Long Project May 2014 Term July 06, 2014 Assignment: Utilizing your assigned software and upon review of your previous steps so far, develop a more specific series of steps and plot them out relative to each other. Once complete, prepare a 2-3 page report summarizing your activities in the previous two steps– action definition and plan design Allocating and Distributing Resources in our Project Plan utilizing Basecamp Project Management Software For this assignment instead of utilizing our software to move in a new direction we’re tasked with taking a step back in order to allocate analyze our work we’ve done so far and then add some more detail by allocating and distributing our resources. This ties in directly with our Module objective of project planning, scheduling, budgeting and risk management. My assigned software is Basecamp and provides great assistance in developing an effective design plan. Previously, I had identified the people who will be involved in this design process and the beginnings of an implementation plan. To add a few specifics to the early phases I’ll need to re-evaluate and update this section and apply the lessons learned as the project moves through the life cycle process. In identifying the staff requirements and how well be able to obtain the necessary...

Words: 1008 - Pages: 5

Premium Essay

Ops 571 Week 4 Project Planning Structures

...OPS 571 WEEK 4 PROJECT PLANNING STRUCTURES A+ Graded Tutorial Available At: Visit Our website: Product Description OPS 571 Week 4 Project Planning Structures Project Planning Structures Projects have different structures. A pure project structure uses a self-contained team to work on a project full time, and the project manager has full authority over the entire project (Jacobs & Chase, 2011). Secondly, a functional project coincides with the functional division of the company. Therefore, it is very likely that a team member will work on several projects at any given time (Jacobs & Chase, 2011). Finally, the project can be set-up as a matrix project. It is a blend of both the functional and pure project structures. The project manager is held responsible for the completion of the project, and upon completion, the project team will most likely have another job in the queue (Jacobs & Chase, 2011). According to Jacobs & Chase (2011), the ability to plan, direct, and control resources define the roles of project management. For example, people, equipment and material to meet the technical, cost, and time constraints of the project. All in all, there are many different approaches and processes of project management. However, most are illustrated by the traditional process of initiating, planning, executing, monitoring and controlling, and closing. The...

Words: 681 - Pages: 3

Free Essay

12 Angry Men

...Corridors of Transition between 12 Angry Men and 12 “I have always found that mercy bears richer fruits than strict justice”. Abraham Lincoln “The virtue of justice consists in moderation, as regulated by wisdom”. Aristotle ”Nobody gets justice. People only get good luck or bad luck”. Orson Welles Justice = mid-12c., "the exercise of authority in vindication of right by assigning reward or punishment;" also "quality of being fair and just," from Old French justice "justice, legal rights, jurisdiction" (11c.), from Latin iustitia "righteousness, equity," from iustus "upright, just" . The Old French word had widespread senses, including "uprightness, equity, vindication of right, court of justice, judge." The word began to be used in English c.1200 as a title for a judicial officer. Meaning "right order, equity" is late 14c. Justice of the peace first attested early 14c. In the Mercian hymns, Latin iustitia is glossed by Old English rehtwisnisse. To do justice to (someone or something) "render fully and fairly showing due appreciation" is from 1670s. This word, with such a strong connotation, influenced and formed the basis of many philosophical...

Words: 5039 - Pages: 21

Free Essay

On Line Social Sites

...respondents, 65 or 59 % are female and 45 or 41 % are male. They were at average age of 17.5 in female and 17.23 in male. On frequency of respondents in favorite SNS, number of hours usage, moments spend using SNS, priority of reasons in using SNS and number of friends on line, the respondents’ mean favorite site used is 93 respondents preferred Facebook as networking site, followed by 69 or 62 % who prefers other sites, 65 or 59 % prefers Youtube, 46 or 41 % prefer Twitter, while 44 or 40 % prefer Yahoo messenger. Out of 110 , there are 46 or 42 % who spend time with SNS in 30 to 1 hour, 44 or 44 % spent 2 to 3 hrs, while 13 or 11 % used 4 to 5 hrs, and only 7 or 6 % devoted 5 hours or more. In moments used in SNS, Out of 110 respondents , there are 16 or 14 % use SNS in vacant period, while only 2 or 2 %% do it during class, 4 or 3.6 % do SNS in before class and 88 or 80 % use SNS after their class. Out 110, there were different reasons why they use SNS, such as bumming around which ranked 1 , 84 or 76 % , 75 or 64 % ranked studying as 2, 73 or 63 % meet new friends on SNS, and 42 or 38 % both for UpdaIng with family and friends. Out of 110, there are 10 or 9 % who have 10 to 100 friends on line , 16 or 14.5 % have 101 to 200 friends,...

Words: 790 - Pages: 4

Free Essay

Acct 504 Case Study 2

...improvement and future success of this company moving into the public market. In order to properly perform an assessment of the LBJ Company, there first had to be some set of standards or regulations that outline the internal controls and proper procedures for companies and businesses to adhere to for financial reporting. As it turns out internal control is a key component of Foreign Corrupt Practices Act(FCPA) of 1977 and the Sarbanes-Oxley Act(SOX) of 2002 which required companies to follow this set of internal controls. This list of internal controls is as follows: 1). Conduct its business in an orderly and efficient manner, 2). Safeguard its assets and resources, 3). Deter and defect errors, theft, and fraud, 4). Ensure accuracy and completeness of accounting data, 5). Produce reliable and timely financial and management information, 6). Ensure adherence to its policies and plans.(O’Malley) From this point on all senior management officials will be held responsible for enforcing and ensuring that their company follows these regulations and...

Words: 939 - Pages: 4

Premium Essay

In Basket

...such as someone’s vacation hours and stocking merchandise for the store, those tasks should be delegated out to the assistant manager and to the store clerks. Being a supervisor means being in a role of leadership, logic, common sense, and decision making for yourself, the employees, and for the company. The “in Basket” debate and discussion gives us and our fellow classmates the opportunity to see if we can successfully delegate out certain tasks as a supervisor at a fictitious company. The discussion between me and fellow classmates was a great one and it appeared as though everyone agreed on everything accept for different incidents. The only two incidents where I came across disagreement were in regards to task number 3, and task number 4. These are the examples in which I will be using in this paper as far as disagreeing is concerned. Task number 3 is in regards to the mall hours changing for an upcoming holiday and that there is a request for store plans. In my own opinion and the opinion of all of my fellow classmates accept for one that I could find agreed that this task needed to be done by the Supervisor. The disagreeing student felt that it should be delegated to the Assistant Manager. This task should be done by the supervisor because it is not only a very important one...

Words: 848 - Pages: 4

Free Essay


...Appendix 3 Oct 6:47 pm - You created group “Project Management” 3 Oct 6:47 pm - You added Scope 3 Oct 6:48 pm - Prudence: Ok this is our new gp 3 Oct 6:48 pm - Prudence: Plz use English all the time thank you 3 Oct 6:51 pm - Prudence: IMG-20141003-WA0010.jpg (file attached) 3 Oct 6:51 pm - Prudence: First meeting 3 Oct 6:51 pm - Prudence: From 1800 to 1851 3 Oct 6:55 pm - Scope Luee: l 3 Oct 6:55 pm - Scope Luee: Sori we don't know !! 3 Oct 7:01 pm - Scope Amy: Okay 3 Oct 7:01 pm - Scope Amy: Oops 3 Oct 7:01 pm - Scope Amy: Sorry 3 Oct 7:03 pm - Prudence: Its okay 3 Oct 7:03 pm - Prudence: Next meeting: tomorrow after school 3 Oct 7:03 pm - Prudence: Do u guys ok? 3 Oct 7:10 pm - Scope Ray:  3 Oct 7:11 pm - Scope Michelle:  3 Oct 7:11 pm - Scope Jason:  3 Oct 8:19 pm - Scope Luee: Okok 3 Oct 8:19 pm - Scope Amy: 4 Oct 4:31 pm - Prudence: IMG-20141004-WA0035.jpg (file attached) 4 Oct 4:31 pm - Prudence: Second meeting 11 Oct 3:26 pm - Scope Michelle: IMG-20141011-WA0007.jpg (file attached) 11 Oct 9:23 pm - Scope Jason: 可唔可以sd番今日傾過既野嚟睇? 13 Oct 11:31 am - Scope Luee: IMG-20141016-WA0001.jpg (file attached) 13 Oct 11:31 am - Scope Luee: IMG-20141016-WA0000.jpg (file attached) 13 Oct 11:31 am - Scope Luee: Sori我唔知係我電話 13 Oct 11:32 am - Scope Jason: Thx 13 Oct 11:32 am - Prudence: Thx 13 Oct 11:40 am - Scope Ray: Thx 14 Oct 12:54 am - Scope Luee: 各位有無email 我fd有份pm嘅project借左黎參考 腥俾你地睇下 14 Oct 12:55 am - Scope Michelle:  ...

Words: 1232 - Pages: 5

Free Essay

Nt1210 Unit 1 Lab 1.1

...1____ | 0____ | | 4+ | 2 + | 0 = | 6 | 1.1.3 21↓ | 20↓ | | 2X | 1X | | 1____ | 1____ | | 2 + | 1 = | 3 | 1.1.4 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | 16X | 8X | 4X | 2X | 1X | | 1____ | 0____ | 0____ | 1____ | 0____ | | 16 + | 0 + | 0 + | 2 + | 0 = | 18 | 1.1.5 27↓ | 26↓ | 25↓ | 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | 128X | 64X | 32X | 16X | 8X | 4X | 2X | 1X | | 1____ | 1____ | 1____ | 0____ | 0____ | 0____ | 1____ | 0____ | | 128 + | 64 + | 32 + | 0 + | 0 + | 0 + | 2 + | 0 = | 226 | 1.1.6 156 | 28 | 28 | 28 | 12 | 4 | 0 | 0 | | 27↓ | 26↓ | 25↓ | 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | v | v | v | v | v | v | v | v | | 128x | 64x | 32x | 16x | 8x | 4x | 2x | 1x | | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 0 = | 10011100 | 128 + | 0 + | 0 + | 16 + | 8 + | 4 + | 0 + | 0 = | 156 | 1.1.7 255 | 127 | 63 | 31 | 15 | 7 | 3 | 1 | | 27↓ | 26↓ | 25↓ | 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | v | v | v | v | v | v | v | v | | 128x | 64x | 32x | 16x | 8x | 4x | 2x | 1x | | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 11111111 | 128 + | 64 + | 21 + | 16 + | 8 + | 4 + | 2 + | 1 = | 255 | 1.1.8 200 | 72 | 8 | 8 | 8 | 0 | 0 | 0 | | 27↓ | 26↓ | 25↓ | 24↓ | 23↓ | 22↓ | 21↓ | 20↓ | | v | v | v | v | v | v | v | v | | 128x | 64x | 32x | 16x | 8x | 4x | 2x | 1x | | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | 11001001 | 128 + | 64 + | 0 + | 0 + | 8 + | 0 + | 0 + | 1 = | 255 | 1.1.10 | 2^7 | 2^6 | 2^5 | 2^4 | 2^3 | 2^2 | 2^1 |...

Words: 552 - Pages: 3