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3 years ago

Describe the five factors that may limit how fast a project can be completed. Give an example of each.

Business

1 answer:

crimeas [40]3 years ago

8 0

Answer:

Logical order, activity duration, resource availability, imposed dates, and cash flow are the five factors that may slow down the completion of a project.

Explanation:

The order in which activities should be completed is known as logical order. You wouldn't put down new carpet before removing the old one. As a result, the logical order is for the predecessor activity to come first, followed by the successor activity.
The total number of work periods required to complete a scheduled activity (excluding holidays and other nonwork periods) is known as activity duration. By identifying the right people for the job and discussing the time frame of each activity with them, you can figure out how long each activity should take.
The availability of resources, such as workers, to complete a project is referred to as resource availability. Obtaining commitments for equipment and workers in a project prevents days of no work from occurring. It is necessary to stick to a strict schedule.
Imposed dates are deadlines for completing specific parts of a project. Perhaps your permit is only valid for 30 days. If this is the case, you must complete your project within the specified time frame. This date was not chosen; it was imposed by the permit.
The term "cash flow" refers to the money that comes in from the financial backer as well as the money that goes out to the employees and subcontractors. If there is a cash flow problem on either end of the transaction, it can affect the entire project. Workers will not continue to work if they are not paid on time, and a project may be abandoned.

Source:

Describe the five factors that may limit how fast a project can be completed. Give an example of each (Course Hero).

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Donald discovers major flaws in the packaging department. He consults the production manager and formulates control measures to

Zolol [24]

Answer:

The most suitable answer here is D. Concurrent Control.

Explanation:

Concurrent control is also known as preventive controls and steering controls where the aim of the control procedure is to identify the possible flaws of a process and to prevent them before occurring.

Furthermore, in this scenario as you can see, Donald consults production manager and formulates measures as the process is ongoing. This makes it more of a "concurrent control" as well.

So Why did we not use any of the other options?

Option A, reactive controls is incorrect in this case, because reactive measures are completely spontaneous actions that respond to an accident.

Option B is incorrect too, because feedback controls are done after a process has been completed and through identification of falls happened.

Option C, feed forward controls are not correct in this scenario as well. Although it is a type of preventive control, in this scenario it is not entirely preventive. They are formulating measures even as the process is ongoing.

5 0

4 years ago

Letitia is a salesperson. She routinely sells at a lower volume than her colleagues. However, she offers excellent customer serv

Lina20 [59]

Answer: halo error

Explanation: In simple words, halo error refers to the mistake or bias that occur in the performance evaluation when someone evaluates other on the basis of their personal perception and not on the basis of the performance done by that individual.

In the given case, Letitia is evaluated above than others although she sells lesser volume than others. This happens due to the perception of her supervisor that customer service is more important.

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3 years ago

Miller Mining, a calendar-year corporation, purchased the rights to a copper mine on July 1, Year 1. Of the total purchase price

dybincka [34]

Answer: <u>$4,500</u>

Explanation:

Equipment was purchased for $76,000.

It has an estimated useful life of 8 years.

It will be sold for $4,000 after these 8 years so that is the salvage value.

With these figures depreciation per annum is calculated with the following formula;

$Depreciation per annum = \frac{Cost of Asset - Salvage Value}{Useful life}$

= $\frac{76,000 - 4,000}{8}$

= $9,000

The Equipment was purchased on July 1, Year 1. In Year 1 therefore it will only be in use for half the year and this is what it should b depreciated in light of.

Semi-annual Depreciation = 9,000/2

= <u>$4,500</u>

7 0

3 years ago

Inventory costing methods place primary reliance on assumptions about the flow of.

kvv77 [185]

Inventory costing methods rely heavily on assumptions about the flow of costs. The most widely used inventory valuation method is the FIFO method.

FIFO (First-In, First-Out), LIFO (Last-In, First-Out), Specific Identification, and Weighted Average Cost are the 4 major Inventory costing methods. If your inventory costs are steady or increasing, LIFO is the better option. Businesses with bigger inventories and rising costs appreciate how LIFO reduces profits and taxes while increasing cash flow. If your inventory costs are decreasing, FIFO is the better option.

Learn more on Inventory costing methods-

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1 year ago

Dax is an architect who wants to be able to let clients walk through a digital version of a house before the house is actually b

34kurt

Virtual Reality can be used by Dax, so that his client will be able to walk through a digital version of a house before actual building.

<h3>What is Virtual Reality?</h3>

Virtual Reality can be regarded as a computer-generated environment which looks like a real life environment with scenes and objects .

Therefore, Dax can use Virtual Reality to shows his clients about his house digitally.

Learn more about Virtual Reality at;

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8 0

2 years ago