Business Finance
B279MAN2793 Rasmussen College Relay State Construction PP Presentation

B279MAN2793 Section 01 Introduction to Functional and Project Management

Rasmussen College

Question Description

For the final part of your course project, you will create a presentation using Microsoft PowerPoint (approximately 10 to 15 slides) of the project you have compiled over the past 4 modules. The presentation should be an overview of the information contained in the project plan. The Final Project PowerPoint presentation should include the synopsis of the following:

  • Project Selection
  • Work breakdown into the three phases of the project life cycle
  • Scope statement
  • Communications plan
  • Risk analysis
  • Project Budget
  • Project Schedule
  • Resource Plan
  • Reconciliation of project tasks as per life cycle phases, process groups and project management knowledge areas.

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Principles of Economics Name: Date: onomics Net Exports = _________________ - _________________________. Answers: The three members of NAFTA are _______________, __________________, and__________________________. Answers: ____, Our exports of goods and services are about ____________ percent of our GDP in 2016. Answer: ur GDP in 2016. The only trading bloc that has eliminated all its international tariffs is ___________________________. Answer: The main concern of the labor union members who were protesting against the WTO, the IMF, and the World Bank was ___________________. Answer: nst the WTO, the ______________________________ measures total production in one year. Answer: Per capita real GDP is found by dividing _______________________ by ______________________. Answers: y Given the following information, calculate Net Domestic Product (NDP): GDP = $5 trillion and Depreciation = $500 billion. Answer: : GDP = $5 If depreciation is $400 billion and NDP is $6 trillion, how much is GDP? Answer: Find per capita GDP when population is 100 million and GDP is $2 trillion. Answer: Find per capita GDP when GDP is $1.5 trillion and population is 300 million. Answer: If real GDP goes up by 3.7-percent and the GDP deflator goes up by 1.6-percent, find the percentage change in GDP. Answer: percent, find the If consumption spending is $3 trillion, investment is $800 billion, government spending is $1 trillion, imports are $1.2 trillion, and exports are $900 billion, how much is GDP? Answer: nment spending is uch is GDP? Over time, per capita real GDP comparisons become _____________valid. Answer: GDP includes only payments for ____________________________________. Answer: Planned Expenditures by WBS Element Provide expense or cost breakdown for each WBS element by fiscal year and quarter using the expenditure categories below. Balance exp funds available in Section B. Fiscal Year DevelopWBS Element and Internal ment Number Quarter Staff Labor Services Tools Software Hardware Materials and Supplies Element iture categories below. Balance expenditures at the WBS level with Facilities Telecommunications Training Total 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Project Spend Plan IIn the columns below, document the spending plan by category for each quarter of the fiscal year. Derive these estimates, using the tables particular quarter of a fiscal year. Budget Category Internal Staff Labor Services Development Tools Software Hardware Materials and Supplies Facilities Telecommunications Training Contingency (Risk) Total FY200_ FY200_ FY200_ FY200_ FY200_ FY200_ FY200_ QTR 1 QTR 2 QTR 3 QTR 4 QTR 1 QTR 2 QTR 3 800 800 800 800 800 800 800 600 600 600 600 600 600 600 3000 3000 3000 3000 3000 3000 3000 350 350 350 350 350 350 350 350 350 350 350 350 350 350 8000 8000 8000 8000 8000 8000 8000 800 800 800 800 800 800 800 500 500 500 500 500 500 500 600 550 500 500 500 500 500 700 600 600 600 600 600 600 Project Spend Plan ve these estimates, using the tables in Sections C and D, by summing the cost for all WBS elements that occur during a FY200_ FY200_ FY200_ FY200_ FY200_ FY200_ FY200_ FY200_ FY200_ QTR 1 QTR 2 QTR 3 QTR 4 QTR 1 QTR 2 QTR 3 QTR 4 QTR 4 800 800 800 800 800 800 800 800 800 600 600 600 600 600 600 600 600 600 3000 3000 3000 3000 3000 3000 3000 3000 3000 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 8000 8000 8000 8000 8000 8000 8000 8000 8000 800 800 800 800 800 800 800 800 800 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 500 600 600 600 600 600 600 600 600 600 15500 15500 15500 15500 15500 15500 15500 15500 Planned Expenditures ($000) FY 200_ Internal Staff Labor Services Development Tools Software Hardware Materials and Supplies Facilities Telecommunications Training Contingency (Risk) Total 1600 1200 9000 700 700 16000 1600 1000 1100 1300 34200 200_-0_ FY 200_ FY 200_ 1600 1200 9000 700 700 16000 1600 1000 1050 1200 34050 1600 1200 9000 700 700 16000 1600 1000 1000 1200 34000 FY 200_ 1600 1200 9000 700 700 16000 1600 1000 1000 1200 34000 Total 6400 4800 36000 2800 2800 64000 6400 4000 4150 4900 136250 Funding Source ($000) 201_ FY 201_ FY 201_ FY 201_ General Fund 17600 17500 17500 Non-General Fund 7600 7500 7500 Special Revenue 6000 5000 5000 Other 4065 4065 4065 35265 34065 34065 Other Total unding Source ($000) 201_ FY 201_ Specific Fund Cite, Grant, or Budget Line number. Total 17500 70100 Government Fund 7500 30100 Company Savings 4000 20000 Negotiation Fee 4065 16260 Donor Amount 0 33065 136460 Running head: COURSE PROJECT 1 Course Project, time, cost and resource management James E Riley Jr. April 2018 Running head: COURSE PROJECT 2 Strategies for minimizing costs from the project From the project of the relay estate construction, the budget has been calculated and shown that it is therefore very expensive to construct an open relay when we begin by surveying the land. It is also evident that from the calculations involving all the services needed to complete only one relay estate are also too expensive. From the budget and estimated cost, it has been concluded that the total cost of constructing the relay including all services and specifics is $136250000. This, however, is very costly and therefore we need loopholes to consider other factors to minimize costs. In this journey of minimizing costs with the goal of saving, we should put into mind that the quality of the services and thus the quality of the relay to be constructed should not be altered, Harrison, F., & Lock, D. (2017). This means that we should consider other areas where we can cut on costs without interfering with the product quality. After thorough scrutiny, I came up with at least three areas which I can cut on costs on the project. These three areas are training, materials and supplies and internal staff labor. When it comes to training, the company budgeted to train them on every quarter of the fiscal year. Here, the company can cut on costs by only training them on half the fiscal year which means half the total quarters available. This is because, an assumption has been made that the ones who are trained on each quarter do not enter the next quarter, and so a new recruiting is done to bring in new members, Harrison, F., & Lock, D. (2017). The company can make savings here. It can ensure that the recruits who are trained for the same quarter transit to the next and still perform their duties effectively because they are still the ones who have the adequate skills. Running head: COURSE PROJECT 3 This will encourage saving up to 50% on the cost used for training. This means that those who have done their duties in the previous quarter will still progress and the company can only add them a certain motivation fee to encourage them to work harder. This action would also save on time used by the company in vetting the new members and orienting them to their new work. This, however, is an important area where the company can cut costs without affecting the product quality at all. This is because the same duty would be performed but the only difference would be by the same people who did it last which would have no negative significance. Another advantage of doing this is that there would be progressive positive change impact on the work done, Davila, T., & Wouters, M. (2005). This is because the workers who have been trained to do the work will gain expertise as they practice. This means that in their next activity, they would have a better understanding of the kind of jobs they are to do and this would save time on training at the same time improving the quality of work generated by the trainees. Another area of great concern is on materials and supply. This, for instance, can be concluded that it is the building ground to strong relay estate construction. However, this does not mean that all the amount of money should be budgeted at this point. It simply means that we have to be extra keen when electing the materials that we have to use and those that we would need them in future and not necessarily at that time, Harrison, F., & Lock, D. (2017). We should first have a plan of what we are to do in this area. For example, in the case of this project, it is important to list all the requirements that would be needed to affect the process of construction. After a careful plan has made, it is important to countercheck all the materials and ensures that they have been invoiced only the required amount written. Very bad cases arise when one has to dispose of other Running head: COURSE PROJECT 4 materials of construction simply because they were in excess and therefore have no use after the building has been constructed to completion. It is therefore important that the right quantity of the building materials is ordered and used economically. This will not affect the quality because the materials are only used enough as required and not less. Another aspect of this comes in supply. Here, the company management should be responsible for cutting costs at this point. For instance, it is advisable to get supplies form a trusted long-serving company. This is always an advantage to when a supply is made by a new company that is also looking forward to making profits rather than building relationships with the relay estate company, Harrison, F., & Lock, D. (2017). In this case, the old and long-serving company may consider each other as clients and therefore supplies can be made at good discounted prices. In some cases, the other company may offer transport services as after sales services which may not be the case when one deals with the new company. This would boost saving costs for the company. The final area where the company may save on costs is on internal staff labor. When it comes to the company selling its products, it is always the role of the company staff to this. This would term them as very important key assets to the company which I strongly agree with. However, this does not mean that all the staff must be involved in all the company activities regardless of their specialty. The company should, therefore, identify the strong area of each of its staff and maximally utilize that. For example, if a staff is capable of doing two things perfectly, then the company can give both the roles to the one staff instead of finding another staff to take the second role, this saves on costs which could be incurred in payment of staff, Davila, T., & Wouters, M. (2005). This will Running head: COURSE PROJECT 5 also not affect the quality of work but would encourage the staff to be responsible and exercise hard work and dedication. In conclusion, in every business enterprise, the sole goal of the company is always to achieve success as well as make profits. It is therefore advisable that as a way of making profits, the company has to take a big step on saving by cutting the costs of expenditure. Through this then one can strongly have confidence in achieving greater goals with the company in future. Running head: COURSE PROJECT 6 References Harrison, F., & Lock, D. (2017). Advanced project management: a structured approach. Routledge. Harrison, F., & Lock, D. (2017). Cost-and schedule-control integration: Issues and needs. Journal of Construction Engineering and Management, 117(3), 486-502. Davila, T., & Wouters, M. (2005). Managing budget emphasis through the explicit design of conditional budgetary slack. Accounting, organizations and society, 30(7-8), 587-608. Running Head: COURSE PROJECT 1 Course Project - Performance Plan, Project Charter, and Procurement Plan James E Riley Jr. COURSE PROJECT 2 Course Project - Performance Plan, Project Charter, and Procurement Plan Introduction A team in an organization can be considered as a majority of people who have been organized to achieve a common goal. A team is necessary for successful achievement of work that has been scheduled (Boyer, 2015). A teamwork is a cooperation of efforts of all the team members which plays a huge role in the hospitality industry since it involves many departments that work to meet the satisfaction of the customers. A teamwork is crucial to maintaining quality, standards, and ideal services in a hospitality industry. Teams and their Value The hotel and catering personnel involved the team that worked in the production of food and beverage. This team has a responsibility of managing the food from the hotel kitchen and drinks that are prepared for the customers. The value that was obtained from working with this team is an increased collaboration, improvement of customer satisfaction and extension of the services to outside catering. The finance and accounting team of the hotel involved handling of various financial operations which ranges from the invoicing customers, reconciliation of accounts, processing of payables, budgeting for the hotel, periodic financial reporting for the hotel and performing financial analysis for the organization. The teamwork facilitated a systematic handling of the accounts operations among various departments such as the Human Resource team and easing of the process of preparing paychecks for the employees. Collaborative Performance of the Team Members The collaboration of the team members was made successful by defining the role of each member and identifying the lines of command. Every team member knew their obligations and COURSE PROJECT 3 whom to report to in case a need arose. The team members were, therefore, able to interact with each other and with the leaders, which led to gaining a valuable experience for the hotel. The collaboration of the teams was facilitated by the presence of the leaders, who were task- and relationship oriented. Steps were taken to Ensure Focus of the Members Among the steps that were taken to ensure that the team members stayed focused and listened to each other is breaking up to the tasks. The project was broken down into distinct and manageable tasks for the members. This strategy made the task appear easier for the team members without reducing the expectations of the project. The teams were provided with regular repetitive tasks. This step was effective in increasing their collaboration, listening to each other, and developing their efficiency in their work. As a result, their long-term productivity was enhanced and creativity was achieved through repetitive tasks. Integration of Suggestions Suggestions in the teams were integrated through open dialogue. All the team members were merged, frequently, where new suggestions were raised and discussed (Boyer, 2015). The feedback from the staff was also communicated through these platforms. The purpose of the platforms was to make the leadership of the teams approachable by all members. Meeting the Criteria for Diversity and Ethical Standards The team members were reintroduced to the aspect of diversity depending on the requirement of the organization. They were provided with a brief written code of conducts that clearly outlined the expected codes of conducts of the team members when dealing with fellow colleagues and the customers, the need to appreciate one another and the consequences of violating COURSE PROJECT 4 the principle of diversity in the organization. The team leaders were also encouraged to frequently give feedback to the team members to update them on their performance. The teams were introduced to generating a better understanding of their colleagues and appreciation of the cultural values of each other as well as that of the customers. The teams were able to maintain ethical standards of the organization through developing a positive attitude towards work. The members were encouraged to be polite, pleasant, and ethical while executing their duties (Zaineb, 2018). Since they had strong ethical standards from the beginning, they did not need much persuasion although they were trained to refresh their ethics according to the requirements of the organization. The team leaders were encouraged to lead as role models of the team to facilitate the members in adhering to the ethical standards of the organization since their ethical behaviors set a good example that can be emulated by other team members. COURSE PROJECT 5 Performance Plan General Information Project Title: -_Outside Catering Project Working Title_________ Project Manager______________________ Subcontractor_______________________ Prepared by: ____________________________ Date/Control Number: 03/05/18 Project Performance Plan Table Project Performance Methodology Schedule Business Goal Extending the Increased Financial After operations metrics Responsibility Reports Objective of sales the Hotel as the Operations such project manager marginal implementation revenue Reaching to out Increase online revenue customers From the sales team to the operations manager Financial After the Sales Manager From the IT metrics implementation department to of the project the manager sales COURSE PROJECT 6 Deliverable Description and Acceptable Criteria Project Objective Deliverable Description Increasing Sales Increase in revenue Improvement Acceptance Criteria in Higher customer satisfaction revenue currently that being experienced Reaching customers online An increased online A demand of customers high operations rate of Higher engagement customer COURSE PROJECT 7 References Boyer. S (2015). Tips to Building a Collaborative Team. Accessed on 03/05/18 from https://www.mikogo.com/2015/07/15/building-collaborative-team/ Zaineb. A (2018). Ethics in the Workplace: 3 Ways to Build and Maintain An Ethical Workplace Culture RUNNING HEAD: Planning and Organizing an Annual Conference Selecting a Convention’s Location James E Riley Jr April 2018 Planning and Organizing an Annual Conference 2 Selecting a Convention’s Location Deciding the best location of a company’s convention is critical to the overall convention success. In essence, planning for an event location may take time because of the various factors incorporated into the selection of a perfect site. Possessing the necessary information, for example, the purpose of the convention, the date and time the convention will take place and even the number of attendees gives the planners the go-ahead to select the convention venue (Potvin, 2013). The convention selection is subject to the Board of Director's approval which is dependent on the site ability to fulfill the convention objectives. Therefore, this project is oriented in enhancing an environment where the Board of Management will relay the company’s business performance over the last year, create an exchange of ideas environment as well as act as a retreat moment. A concrete criteria will be followed to ensure selection of a proper convention site. The company’s annual convention will be held in a hotel. To ensure selection of an appropriate venue a convention organizing committee has to pursue this mandate. Therefore, the responsible personnel have to assess different hotel physical environment to ensure it superimposes with the conventions objectives. Secondly, the committee have to ensure the basic convention necessities are available. This include attractive meeting rooms with appropriate furnishings for the type of sessions planned, appropriate heat and air conditioning, sufficient number and adequate mix of fast-food, moderately priced restaurants, adequate accommodation, adequate recreational facilities and parking facilities among others. Visits to the proposed sites have to be made to assess the quality of the facility. The venue selection phase will take four months to ensure all the fundamental ...
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RELAY ESTATE CONSTRUCTION


Project working title: Rec Constructions



Project manager: Bassam Investments






Prepared by: James E riley jr.

Other agency: Cement industries

Date / control number: 20th April 2018

PROJECT SELECTION


The selected project entails construction of relay estate



The project is deemed to be financially viable



The time duration for completion of project is practical.



This project is broad and involves various management concepts providing requisite exposure.

WORK BREAKDOWN


Initiation- this will involve defining the project purposes, objectives, direction, the relevance of

the project, budget, knowledge, human resources, and tools required.


Planning phase-this will involve survey of the estate land, negotiation for actibity, obtaining
title deed, notification to investment company, verification process, final verification and
agreement, land checkup and preview, alignment of all resources, and development of plan.



Execution-this will involve actual work and grounding.

SCOPE STATEMENT


Rec constructions will entail the initiation, planning, and implementation of the relay es...

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