...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 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 28th February 2013 and be completed within one year. A penalty clause of $15,000 per week of delay beyond 28th February of 2014 is written in 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 profit as much as $300,000 on this project. This total project will cost $2,000,000 according to the contact. He was confident that the project could be completed on time. Bonnie Green, the project manager, agreed that in a normal year only slight delays might develop due to shortage of labor. However, she reminded the president that for such a large project, the company would have to use outsourced employees. Past experience indicated a fifty-fifty chance of a strike. Technical Details of the stadium: The stadium is an indoor structure with a seating capacity of 20,000. The project begins with clearing the site, an activity that lasts eight weeks. Once the site is clear, the work can start simultaneously on the structure and on the field. The work in the field involves surface drainage which lasts eight weeks, followed by filling for the playing field and track. Only with the completion of the filling (14 weeks) can the installation of the artificial playing...
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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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...Client Understanding Paper Sharon Sherman ACC/541 December 13, 2010 Rebecca Kime Client Understanding Paper To be able to complete the analysis of the work papers of the current clients’ work papers certain information must be obtained. The topics of the information requested are the (1) adjusting lower cost of market inventory on valuation, (2) capitalizing interest on building construction, (3) recording gain or loss on asset disposal, and (4) adjusting goodwill for impairment. To alleviate the concern of the client of why the information is requested analysis of each topic and its importance will be discussed in this paper. The adjusting lower cost of market inventory valuation is essential because through the life cycle of inventories the inventories will decline in value. Although the primary basis of accounting for inventories is cost when when inventories usefulness become lower than cost then the use of adjusting lower cost of market is accepted. There are many advocates that think that inventories should be valued at market price. The belief is assets should reflect current values. Generally Accepted Accounting Principles instructs that when inventories decline in value the future selling price should move in the same direction in the same time period. The American Institute of Certified Public Accountants provides the following definitions for use when applying the lower cost or market rule to inventories. These definitions are: 1. Market should not...
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...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 six months to disclose...
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...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 logic can improve their ability to lead. But to do that, it’s important first to understand what kind of leader you already are. The Seven Action Logics Our research is based on a sentence-completion survey tool called the Leadership Development Profile. Using this tool, participants are asked to complete 36 sentences that begin with phrases such as “A good leader…,” to which responses...
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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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...Affirmative Action: Is it still needed in Today’s World? Table of Contents Abstract ……………………………………………………………………………………….3 What is Affirmative Action ………………………………………………………………….. 3-4 History of Affirmative Action ………………………………………………………………...4-6 Legal History of Affirmative Action ………………………………………………………….6-8 The People for Affirmative Action ……………………………………………………………8-9 The People against Affirmative Action ……………………………………………………...10 The Benefits of Affirmative Action ………………………………………………………….10-12 The Cons of Affirmative Action ……………………………………………………………..12-14 Conclusion (My Opinion) ……………………………………………………………………14-15 References ……………………………………………………………………………………16 Abstract Affirmative action has been the topic of some debate because people wonder if it has outlived its usefulness. It is a very controversial topic. This paper will address this issue, is affirmative action still needed in today’s world? This paper will tell what affirmative action is, the history, the legal history of it, the people for it, the people against it, the benefits of affirmative action, the cons of affirmative action, and finally how I feel about affirmative action What is Affirmative Action? Affirmative action is only applied to those who have 15 or more employees, or a government contract of fifty or more employees or a contract over $50,000. The following summary describes affirmative action: Born of the civil rights movement three decades...
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...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 Irish-Canadian father...
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...Affirmative Action Sharon Huntington University of Phoenix MGT 434 Teresa Knox September 13, 2010 Affirmative Action According to the Stanford Encyclopedia of Philosophy, “affirmative action means positive steps taken to increase the representation of women and minorities in areas of employment, education, and business from which they have been historically excluded” (Fullinwider, 2009). The following paragraphs will discuss what employers are subject to affirmative action plans, what employers are required to do under affirmative action plans, and what happens if employers do not meet the goals of the affirmative action plan. Affirmative Action Employers Not all employers are required to have an affirmative action plan. “Affirmative action regulations do not apply to everyone, but only to just over 20 percent of the workforce” (Bennett-Alexander & Hartman, 2007, p. 184). The following types of employers are required to have affirmative action plans: • Federal contracts or subcontracts worth $10,000 or more • Or 50 or more employees and contracts worth $50,000 or more • Or are a construction contractor or subcontractor with a federal or federally assisted contract valued at more than $10,000 (The Employers Association, 2009). In addition to being required to have a written affirmative action plan, the above employers are also subject to compliance checks and reviews at the place...
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...AMERICAN PAULOWNIA ASSOCIATION VOL. 15 NO. 2 SEPTEMBER 2006 PAULOWNIA IS NATIVE TO NORTH AMERICA "A Record of Paulownia in the Tertiary of North America" American Journal of Botany 48(2); 175-179 Illus. 1961 Charles J. Smiley Macalester College; St. Paul, Minnesota Reviewed by Ralph Donaldson First, the writer is incompetent as a reviewer of a juried paper on paleobotany in a scientific journal. He is neither paleontologist nor botanist. He is a farmer. The language of the paper being reviewed is alien to him. This attempt is to extract some bits of information that may be of use to growers, promoters, and protectors of Paulownia. First, some definitions. Pre-history has been divided into periods for convenience of study. Often the divisions used correspond to geologic changes-changes being a relative term since many of the "changes" occurred over many millions of years. There have been several such schemes of dividing up the past. As a matter of fact, the Tertiary Period referred to in this 1961 article is part of an obsolete scheme. The Tertiary Period in this article went from about 66 million years ago to about 26 million years ago. Fossils attributed to this time are found in rock strata that are associated with geologic events that can be tied to this period of pre-history. Fossils themselves are rocks; rocks whose formation was influenced by the remains of living matter that was present during their formation. Animal bones buried under sediment eventually-over...
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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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...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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...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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...Running Head: DIFFERENCES BETWEEN GAAP AND IFRS 1 Differences Between GAAP and IFRS Accounting Practices Sharon Woodards Liberty University Intermediate Accounting II 302 Professor Ashley Harper November 7, 2014 DIFFERENCES BETWEEN GAAP AND IFRS 2 Both the IFRS ( International Financial Reporting Standards ) and the GAAP ( Generally Accepted Accounting Principles ) are a set of accounting rules that companies either can or must follow when preparing their financial statements. Set by policy boards, the United States enforces the use of GAAP as the set of rules of processes and standards that its companies must use for reporting and recording of their financial statements. At the same, other parts of the words use the IFRS as their set of rules for companies to follow. This IFRS set of rules were developed by the International Accounting Standards Board (IASB). Due to this, the world has been talking about combining the two standards into one globalized set of accounting standards that will comprise of both standards. The object of this would be to have the world recognize one set of globalized set of accounting practices. There are some differences that the US should be aware of before the convergence between the two ever takes place. Some of the major differences between GAAP and IFRS revolve around grants to employees, vesting, modifications, tax withholding, inventory differences, revenues and...
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