Explain which of the four characteristics is primarily responsible for the fact
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Explain which of the four characteristics is primarily responsible for the fact that the demand curve of a perfectly competitive firm is horizontal?
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As a project management professional, it is important for you to be able to review numbers and report on what they are saying. It is also important for you to be able to use software that helps you keep timelines and keep the project running on time and smoothly. This assignment will continue to help prepare you for your responsibilities.
For this assignment, you are to build upon your completed Microsoft Project schedule for the "Technology Refresh Project" from Topic 2 by adding resources and resolving any resource overallocations. You will then determine the display project cost information and will also show the updated (if any) critical path.
Open the attached Topic 3 Project Resources Information (a Microsoft Excel file). You will notice in column H that resource names have been added. These resources were already included in the Resource Sheet in the Microsoft Project template file that you worked on during Week 2.
Open the Microsoft Project file that you completed during Week 2 and perform the following.
Ensure that the "Type" field contains "Fixed Duration" for all tasks.
For each lowest-level task, enter the resource names from Topic 3, Project Resources Information (a Microsoft Excel file) into the Resources Names field in the your Microsoft Project file. Note that you can simply select the resource(s) using the pull-down menu.
You will notice in the "i" column (i.e., the column with white "i" and blue circle) that certain tasks have a red person displayed. That means that the task has resources that are overallocated (a resource is assigned more than 8 hours per day on one or more days for that task). These resource overallocations need to be resolved. To resolve these overallocations, perform the following:
Again, ensure that the "Type" field contains "Fixed Duration" for all tasks. This ensures when you change the assigned hours for the tasks, the task durations and associated dates will not change.
In the VIEW ribbon, check the "Details" box in the "Split View" group.
In the right bottom of the screen (in the gray area), right click and select "Work."
Go to the first task that has the resource overallocation. Reduce the hours in the "Work" field and/or assign a different applicable resource in order to resolve the resource overallocation. Be sure to not alter task durations, start, or finish dates. Also, ensure that your project end date does not change.
You may optionally go to the VIEW ribbon, and select "Resource Graph" in the "Other Views" pull-down menu. This will provide a graph that will specifically show what days a resource is overallocated.
Repeat item (4) for each task that has a resource overallocation. Your final Microsoft Project schedule should have no tasks with overallocated resources. Be sure to take notes that summarize the changes you made.
Display the project cost information and critical path:
Remove the split task screen by double-clicking on the split-task border.
Display cost information by left-clicking on the "Add New Column" field. Select the "Cost" field. Note that since a WBS hierarchy exists, you can see cost information for each summary task, along with the total project cost at the top of the schedule.
Display the critical path: Go to the FORMAT ribbon and check the "Critical Tasks" box in the BAR STYLES group. Note that the critical path task bars will turn red. Also, take note that the Total Slack column contains 0 days for the critical path tasks.
Submit your updated Microsoft Project file by the end of Week 3. Ensure that your last name is in the file name.
Submit your updated Word document by the end of Week 3 (ensure that your last name is in the file name) that includes responses to the following:
In summary, what steps did you take to resolve the resource overallocations?
Did your critical path change? If so, how?
What series of tasks represent the highest cost (as indicated by their summary task)?
What is the total project cost?
This assignment uses a scoring guide. Please review the scoring guide prior to beginning the assignment to become familiar with the expectations for successful completion.
APA style is not required, but solid academic writing is expected.
You are not required to submit this assignment to LopesWrite.
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As a project management professional, it is important for you to be able to review numbers and report on what they are saying. It is also important for you to be able to use software that helps you keep timelines and keep the project running on time and smoothly. This assignment will continue to help prepare you for your responsibilities.
For this assignment, you are to build upon your completed Microsoft Project schedule for the "Technology Refresh Project" from Topic 2 by adding resources and resolving any resource overallocations. You will then determine the display project cost information and will also show the updated (if any) critical path.
Open the attached Topic 3 Project Resources Information (a Microsoft Excel file). You will notice in column H that resource names have been added. These resources were already included in the Resource Sheet in the Microsoft Project template file that you worked on during Week 2.
Open the Microsoft Project file that you completed during Week 2 and perform the following.
Ensure that the "Type" field contains "Fixed Duration" for all tasks.
For each lowest-level task, enter the resource names from Topic 3, Project Resources Information (a Microsoft Excel file) into the Resources Names field in the your Microsoft Project file. Note that you can simply select the resource(s) using the pull-down menu.
You will notice in the "i" column (i.e., the column with white "i" and blue circle) that certain tasks have a red person displayed. That means that the task has resources that are overallocated (a resource is assigned more than 8 hours per day on one or more days for that task). These resource overallocations need to be resolved. To resolve these overallocations, perform the following:
Again, ensure that the "Type" field contains "Fixed Duration" for all tasks. This ensures when you change the assigned hours for the tasks, the task durations and associated dates will not change.
In the VIEW ribbon, check the "Details" box in the "Split View" group.
In the right bottom of the screen (in the gray area), right click and select "Work."
Go to the first task that has the resource overallocation. Reduce the hours in the "Work" field and/or assign a different applicable resource in order to resolve the resource overallocation. Be sure to not alter task durations, start, or finish dates. Also, ensure that your project end date does not change.
You may optionally go to the VIEW ribbon, and select "Resource Graph" in the "Other Views" pull-down menu. This will provide a graph that will specifically show what days a resource is overallocated.
Repeat item (4) for each task that has a resource overallocation. Your final Microsoft Project schedule should have no tasks with overallocated resources. Be sure to take notes that summarize the changes you made.
Display the project cost information and critical path:
Remove the split task screen by double-clicking on the split-task border.
Display cost information by left-clicking on the "Add New Column" field. Select the "Cost" field. Note that since a WBS hierarchy exists, you can see cost information for each summary task, along with the total project cost at the top of the schedule.
Display the critical path: Go to the FORMAT ribbon and check the "Critical Tasks" box in the BAR STYLES group. Note that the critical path task bars will turn red. Also, take note that the Total Slack column contains 0 days for the critical path tasks.
Submit your updated Microsoft Project file by the end of Week 3. Ensure that your last name is in the file name.
Submit your updated Word document by the end of Week 3 (ensure that your last name is in the file name) that includes responses to the following:
In summary, what steps did you take to resolve the resource overallocations?
Did your critical path change? If so, how?
What series of tasks represent the highest cost (as indicated by their summary task)?
What is the total project cost?
This assignment uses a scoring guide. Please review the scoring guide prior to beginning the assignment to become familiar with the expectations for successful completion.
APA style is not required, but solid academic writing is expected.
You are not required to submit this assignment to LopesWrite.
Discussion Questions
Assuming you are the chief executive officer (CEO) of Wal-Mart, describe a situation in which you would use marginal analy ...
Discussion Questions
Assuming you are the chief executive officer (CEO) of Wal-Mart, describe a situation in which you would use marginal analysis to make a business decision.In creating your response, consider the following questions: What type of business decision would you make? How would you determine the marginal benefit and marginal cost of the decision? To what extent would you factor the opportunity cost of your decision? And what types of trade-offs would you likely face when you make your decision?
Financial Management and Financial Ratios Question
Questions - Financial Management:Explain the major financial ratios and financial cycles, debt ratio, debt to equity ratio ...
Financial Management and Financial Ratios Question
Questions - Financial Management:Explain the major financial ratios and financial cycles, debt ratio, debt to equity ratio, return on assets, return on equity, current ratio, quick ratio, inventory turnover, days in inventory, accounts receivable turnover, accounts receivable cycle in days, accounts payable turnover, accounts payable cycle in days, earnings per share (EPS), price to earnings ratio (P/E), and cash conversion cycle (CCC) and state the significance of each for financial management. Include examples based on a hypothetical balance sheet and income statement.Can CCC be negative? If so, what does it indicate?Explain working capital and its significance. Evaluate working capital in your example given in question “1”Instructions:-Word document (1-2 pages)-Font: Times New Roman-At least 2 peer-reviewed sources (include DOI in reference page)-In-text citations for each peer-reviewed source.-No plagiarism
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