... |NutroBalance | Status Report To: Alex Manager From: Martin E. Jones CC: Professor Roshonda Davis-Cheadle Date: 2/1/2011 Re: Section 2, Status Report - PM587 Case Study With the proven success of our Ultra weight loss supplement, we at NutroBalance felt it could be a beneficial endeavor to build off that success by formulating an Ultra pill to target other segments of the work-out population. NutroBalance has decided to invest in a pilled called UltraMAX. The Ultra pill is geared primarily at men who lift weights and participate in cardiovascular exercises. The UltraMAX pill will target women work-out population who lift weights and do cardiovascular exercises. Since the core of the product has already been produced, this project to introduce UltraMAX to the work-out world really boils down to seeing if...
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...Section 1 – E-Mail to Alex conveying project duration and critical tasks Hi Alex, Based on the task details provided, a project plan for the UltraMAX Testing Project has been created. The total duration of the project as can be seen from the project summary report is 140 days, with the project completion date as 3rd September 2010. The tasks that are on the critical path, and which should be managed very closely to ensure that there are no delays to ensure that there is no schedule slippage are : identify target consumers, recruit test subjects, screen test subjects, finalize test subjects, prepare placebo, test the subjects, input actual data into database, analyze actual data and prepare findings report. The critical tasks report for the project is attached below for your reference Section 2: Project Overview, Project Status and Resource Leveling The project in scope is the product testing and analysis for UltraMAX to determine suitability for women customers, where NutroBalance as part of its strategic goals have decided to expand the Ultra product line to include new customer segments. The scope of the project therefore entails detailed end to end activities to effectively plan, facilitate, test, analyze and then report findings using which the company can make decisions for the new product. The timeline for the project is expected to be 140 days given that this is a key strategic project that must be completed fast, with the project start date being February 22, 2010...
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...Case study for NutroBalance. Purpose The purpose of this case study is to get you used to incorporating Microsoft Project charts and reports into your project’s progress reports. By now you should be able to work through the mechanics of loading tasks, predecessors, resources, and costs into MS Project. But the real challenge facing project managers is how to interpret the data in MS Project and how to make it “useful” for you and your stakeholders. In this case study you will be given a scenario and asked to load the project information into Microsoft Project. However, the purpose of this case study is bigger than just properly loading the Microsoft Project file. This case study requires you to interpret the MS Project results and incorporate the issues and results in your communication with key stakeholders. Your output of this case study explores the “softer” side of project management, including how to communicate your results to your key stakeholders in a clear and concise manner. The point of the case study is to show you that projects experience change over time, which forces you, the project manager, to modify and adapt your project. This case study is broken into three sections, Sections 1, 2, and 3. In each section you will be given some information on your project and then asked to “respond” to some of your stakeholders. Even though there are three sections in the case study, you will only submit ONE document, due Week 6. This document will include your answers...
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...Section 1 – E-Mail to Alex conveying project duration and critical tasks Hi Alex, Based on the task details provided, a project plan for the UltraMAX Testing Project has been created. The total duration of the project as can be seen from the project summary report is 140 days, with the project completion date as 3rd September 2010. The tasks that are on the critical path, and which should be managed very closely to ensure that there are no delays to ensure that there is no schedule slippage are : identify target consumers, recruit test subjects, screen test subjects, finalize test subjects, prepare placebo, test the subjects, input actual data into database, analyze actual data and prepare findings report. The critical tasks report for the project is attached below for your reference Section 2: Project Overview, Project Status and Resource Leveling The project in scope is the product testing and analysis for UltraMAX to determine suitability for women customers, where NutroBalance as part of its strategic goals have decided to expand the Ultra product line to include new customer segments. The scope of the project therefore entails detailed end to end activities to effectively plan, facilitate, test, analyze and then report findings using which the company can make decisions for the new product. The timeline for the project is expected to be 140 days given that this is a key strategic project that must be completed fast, with the project start date being February 22, 2010...
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...Product * 9 - Test the Subject * 11 - Input Actual Data into Database * 12 - Analyze Actual Data * 13 - Prepare Findings Report Section Two The NutroBalance company produces a line of weight loss supplements and nutritional snacks. Ultra, a weight loss supplement which is geared primarily towards men who lift weights and do cardiovascular exercises, have been a big success. Therefore the company wishes to replicate this success by formulating the Ultra pills to target other segments of the workout population. UltraMAX, a new product, is geared toward women who also lift weights and do cardiovascular exercises. Because the core of the product has already been produced, the project to introduce UltraMAX to the workout world really boils down to seeing whether UltraMAX produces results in women as good as those that Ultra does in men. There are four professionals that will be working in the project to test the UltraMax effects in women. These resources include Sarah, Robert, Tony, and Lisa. There are many options that can be pursued based on these resources standard rate and the way that they are scheduled. For example, Sarah is the highest paid member of the team and her base rate is fifty dollars per hour and her overtime rate is seventy five dollars per hour. However, Lisa is only paid a base rate of twenty dollars an hour and an overtime rate of thirty dollars per hour. Therefore, it would make more financial...
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...NutroBalance has decided to expand its success with the formulation of the Ultra pills that were targeted towards men who lift weights and do cardiovascular exercises in the work-out population, to women who share the same passions. The new product will be called UltraMax. Project UltraMax has been divided into three sections: identification of target consumers, product testing, and result analysis; where twelve main tasks will be delivered in order to accomplish our mission. We started the project with a baseline cost of $42,080, but now we are at $45, 680 which puts us ($3,600) over budget. We also anticipated the project ending on 7/11/12, but now our schedule has an estimated finish date of 7/24/12. It took 30 days to screen the test subjects; our baseline estimation for this task was 20 days. Consequently, this put us over budget and behind schedule. Therefore, we plan to measure risks and constraints for upcoming tasks. We have attached the following reports for your review/records: • Critical Tasks • Over Allocated Resources • Over Budget Tasks • Resource Usage Solution After the test subjects have been finalized the next task will be to prepare the product. This is a critical task that has been assigned to an over-allocated resource. This is a constraint that will lead to other risks in the scheduling, and since we are already behind schedule, we will base our remaining duration estimates on a worse-case scenario using the Program Evaluation...
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...ships in terms of access to different trade routes. Most of this type of ship is “gearless,” which means they don’t have cargo handling equipment on board. Smaller vessels Handymax or Supramax vessels (40,000 to 59,999 dwt in capacity) are used in a larger number of global trade routes to carry primarily grains and minor bulks. Supramax vessels, a subset of Handymax vessels, often range from 50,000 to 59,000 dwt. Unlike Panamax vessels, the Supramax class offers cargo loading and unloading flexibility with onboard cranes. Investors might notice that Supramax vessels aren’t really being built anymore these days, as companies have opted for Ultramax-class carriers. These carriers were launched in 2011 and are used to carry bulk cargoes like coal, iron ore, grain, and cement. Larger than Supramax, with a capacity of 57,000 to 66,000, Ultramax vessels are said to be more fuel-efficient, and they have on-gear cranes. Other sizes like Kamsarmax, Newcastlemax, Seawaymax, Setouchmax, and Dunkirkmax are employed on more regional trade routes. ...
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...Optimization in Production Operations Optimal “Lean Operations” in Manufacturing By Carlos W. Moreno © 2005-06 Ultramax Corporation Oct. 5, 2006 Introduction This essay deals with production / manufacturing operations: with their economic impact (or other metrics) while making product with the existing process, usually driven to satisfy: • market demand (delivered: volume, quality) • • economics (incurred: cost savings, resource utilization); and safety (safeguarding equipment, personnel and environment) These drivers represent the main impact of production on company profits, with short-term and long-term effects on the P&L Statement. The bottom line is that most production processes are underutilized; and the use of mature, accessible mathematical technology unlocks that latent capacity, which is of significant value. The best possible performance is “Optimal Operations.” In the process industry it is called “Process Optimization.” In manufacturing it is the extreme of Lean Operations, one of the components of “Lean Manufacturing” success. Other components that qualify for “lean” in the sense of avoiding waste (non-value-added), and not missing opportunities for improvements are: “Lean Design” (the most common emphasis today), “Lean Logistics – and Supply Chain,” “Lean Maintenance,” “Lean Scheduling,” “Lean Safety,” and “Lean Scheduling.” Some share interests with Six Sigma as well (quality and costs). All these solutions are also part of the classical field of Industrial...
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...nutro NutroBalance Project Case Study (Section 1) To Alex: After inputting the information for the data for our team and what is needed to complete this project, I am estimating the starting date as Wed 2/15/2010 and a finish date of Fri 8/24/2012. This will be a total of 138 days. I will be identifying our critical tasks into grouping of four. These include: (Group 1) -Identifying target consumers, recruit test subjects, screen test subjects, and finalize test subjects. (Group 2) - Prepare product and prepare placebo (Group 3) - Develop data analysis database and develop database using hypothetical test data (Group 4)- Input actual data into database, analyze actual data, and prepare findings report. (Section 2) To Alex: From taking critical paths into groups with the idea of consolidating thirteen paths into four has given us a closer knit team focusing on these tasks instead of attacking each task at a time. The reason behind this is to take the focal areas from the similarity of tasks. For example, group one is focusing primarily on the test subjects. Identify, recruit, screen, and finalize. The second group is focusing just on the product, such as preparing the actual product and placebo. Our third focus is on our data base, which is developing analysis and hypothetical test data. The final condensed section is our actual data, which taking our actual data and analyzing it and inputting it into our findings report. (Section 2 Continued) ...
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...CERTIFICATE IN MARITIME ECONOMICS MODULE ONE Economic Geography of Maritime Transport Dr. Stavros Tsolakis Lloyd's and the Lloyd's crest are the registered trademarks of the society incorporated by the Lloyd's Act 1871 by the name of Lloyd's. CONTENTS WELCOME TO THE COURSE ........................................................................................................ 3 STRUCTURE OF THE COURSE ...................................................................................................... 4 INTRODUCTION TO MODULE 1 ................................................................................................... 7 1. ECONOMIC ANALYSIS OF THE SHIPPING INDUSTRY ........................................................... 8 1.1 The Function of Shipping .................................................................................................. 8 1.2 The Structure of World Seaborne Trade and the Demand for Shipping Services....................... 8 1.3 The Ton-Mile as a Measurement of Demand for Shipping Services ....................................... 12 2. ANALYSIS OF GLOBAL COMMODITIES ON-BOARD SHIPS .................................................. 14 2.1 Crude Oil Seaborne Trade .............................................................................................. 14 2.2 Other Challenges for Crude oil Transportation ................................................................... 16 2.3 ...
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