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aliina [53]
3 years ago
14

Why do you think it is important for those who manage operations functions to understand project management techniques?.

Business
1 answer:
fomenos3 years ago
5 0

Answer:

The Operations function is an intricate part of the project pursued by the company. They help to identify the location of the facility, help to determine the material which needs to be procured as well as help in setting up the new process if any related to project. The knowledge of Project management technique helps the people in Operations function to deploy the tools and systems to better support the project need. Example: The use of Microsoft Project can help to plot the different activities and determine the critical path along with activities

Explanation:

It helps to ensure that project is carried out as per priority so that there is no delay. The other techniques like Scrum, Agile etc. are also important to inculcate flexibility and adaptability within team members. So, in all, the knowledge of Project management is very critical for the Operations function.

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Iteru [2.4K]
2484
(2300)
---------
184

184 / 8 = 23

23 / 2300 = .01 -->1%
7 0
3 years ago
You wish to buy a cabin in 15 years. TODAY, the cabin costs $150,000. You believe the price of the cabin will inflate at 4% annu
vfiekz [6]

Answer:

I will need to invest 64,669.73 dollars now.

Explanation:

We will calcualte the future value of the cabin considering the inflation:

Principal \: (1+ inflation )^{time} = Amount

Principal 150,000.00

time  15 years

inflation 0.04000

150000 \: (1+ 0.04)^{15} = Amount

Amount 270,141.53

Then we calculate the present value of the lump sum at 15 years discounted at 10% which is the yield of the funds

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  270,141.53

time   15 years

rate  0.10

\frac{270141.53}{(1 + 0.1)^{15} } = PV  

PV   64,669.73

we would need to deposit 64,669.73 today to get enough cash to purchase the bcabin in 15 years.

5 0
3 years ago
the approach to planning that focuses on formulating certain tactics to achieve specific organizational goals is called
Dovator [93]

Answer:

management by objectives is the correct answer.

Explanation:

5 0
3 years ago
Which is an example of an expense control strategy?
lana66690 [7]

Answer:

d

Explanation:

Unfortunately cutting or reducing production, or reengineering at all.

3 0
4 years ago
As the evolution of personal selling continues, which of the following is not a predicted sales force response to an expected ch
Leviafan [203]

Answer:

D.

Explanation:

Based on the information provided within the question it can be said that the answer that is not a predicted response would be that more sales dollars will be spent on advertising. This is because the amount of money that is placed on advertising depends on various factors, such as the amount of money available for advertising , as well as amount of awareness/profit that those advertisements are generating.

7 0
3 years ago
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