Why, and what would you have done? The reason that Cashman gave for keeping his information locked away was: because all of the expenses were accounted for on a real time basis. This meant that any kind of figures that Cashman has available are only accessible to him. In this case, the fact that he continued to keep these number secret, could help highlight how a lack of communication was apparent. As no one wanted to discuss various ways to keep costs as close to Woody's estimate as possible. This would help to establish a culture of secrecy and divisiveness. Over the course of time, this would have a negative effect upon the company, by allowing various challenges to be ignored. Once this took place, it meant that the low cost estimates would no longer be realistic. At which point, a number of different cost over runs would become increasingly common. Instead, the various facts and figures for the project should have been readily available to everyone. This includes Leadbetter and Faster who decided it was time to go on vacation during the project design stage. Where, the information they possessed would cause a delay of two weeks. In this situation, the communication issues should have been addressed immediately. The reason why is because the lack of communication and secrecy, would create confusion about the project / areas of responsibility. This would contribute directly to the cost overruns. If this kind of behavior does not stop, then individuals who continue to engage in activates that contribute to cost overruns should...
Estimating Task Duration Describe the various methods for estimating task duration and discuss how these methods improve the accuracy of task duration estimates, taking into account the variation that is present in task duration. Provide practical examples to help illustrate the differences between the methods. There are basically six methods of estimating task duration which are: similarity to other activities, historical data, expert advice, Delphi technique, Three-point technique, and Wide-band Delphi technique
These initial estimates are only used to create an incipient idea, and they will suffer various modifications and adjustments throughout the estimating process. The primary advantage of the analogous approach (used by the top-down estimating technique) is that, if the records have been properly kept relative to past projects, the access to the data is extremely easy. The major downside however is that the past projects reveal the characteristics of
Business Plan Costs Preparing documents is very common these days using the software like Microsoft word and other related things but in order to make more complex documents and presentation it requires much more complex and advanced software and techniques so desktop publishing includes preparing print or electronic publications (United States Department of Labor, 2010). These kind expertise and software are generally away from the reach of general public so it
SEC that is responsible for the policing the accounting and ethics of publicly held companies is: Public Company Accounting Oversight Board. The financial statement that summarizes the assets, liabilities, and stockholders' equity of an entity at a specific point in time is the: Balance Sheet At December 31, 2002, Robinson's Home Improvement has $100,000 of assets, $40,000 of liabilities, and $60,000 of stockholders' equity. On January 15, 2003, Robinson's purchased $30,000 of assets
Teenage pregnancy can be defined as pregnancy that occurs in young females aged under 20 years (Dickins, Johns, & Chipman, 2012). In Western civilization, teenage pregnancy is treated negatively, because young females are expected to study and only give birth once they have reached maturity or over 20 years. Teenage pregnancy disrupts and affects a teenager's education, as they now have responsibilities that might affect their education. The National Campaign
Reducing the Problem of Piracy in the Brazilian Music Industry Music piracy is a rampant problem that results in enormous losses on behalf of the international music industry. One of the countries hit hardest by the effects of piracy is Brazil, which is the world's third largest pirate market behind China and Russia, as outlined in figure 1 (IFPI, 2002). What measures can be taken that will effectively reduce music piracy
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