What is the expected value of doing MAJOR RENOVATION?
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With major renovation, the company’s payoff from a favorable market is $100,000, from an unfavorable market, $ -90,000. Minor renovation and favorable market has a payoff of $40,000 and an unfavorable market, $-20,000. Not developing the new product line effectively has $0 payoff.
What is the expected value of doing MAJOR RENOVATION?
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- Salomon Alpine, Inc., wants to enter the market quickly with a new finish on its ski boards. It has three choices: (a) refurbish the old equipment at a cost of $10,000; (b) make major modifications at a cost of $13,000; or (c) purchase new equipment at a cost of $20,000. If the firm chooses to refurbish the equipment, materials and labor will be $12 per board. If it chooses to make modifications, materials and labor will be $8 per board. If it buys new equipment, materials and labor will be $4 per board. Which option should the firm choose if it thinks it can sell 1400 boards at a price of $50 apiece? alternative a (refurbish) alternative c (new equipment) alternative b (major modification) None of the aboveTRUE OR FALSE 4) Cost plus fixed profit encourages contractors to finish work slowly. 5) On average, design consumes about 10% of total construction project cost.A company is deciding if it should design a product in-house or outsource the design. If outsourced, the cost for a low bidder would be $30,894, and the cost for an expensive bidder would be $99,781. To design in- house would require overtime for an already stretched design team with total costs of $59,664. If all three designs (in-house, low bid, high bid) are equal in quality and the likelihood of finding a low bidder is 60% (meaning that 40% of the time the firm will have to hire the expensive bidder). What is the expected monetary value (EMV) should the company outsource design?
- What resources are available to help you learn more about the many aspects of feasibility?Read and analyze the following article. Manila Bay Beach Nourishment Project After years of being known for its polluted waters, Manila Bay suddenly got a facelift as the government decided to take a big risk by overlaying mounds of artificial white sand (dolomite) on a part of the bay's naturally gray shoreline. This project, which is spearheaded by the Department of Environment and Natural Resources (DENR), was instantly met with harsh disapproval. In September, the overlaying of the dolomite in Manila Bay beach or the beach nourishment project caught public attention, stirring curiosity and setting off waves of people flocking to the area to get a glimpse of the "white sands". Many criticized the project, throwing allegations at the DENR, calling the project a health hazard and a waste of public funds. But the DENR emphasized that the beach nourishment with the use of dolomite is a significant component of the rehabilitation aimed to protect the coastal resources in the area and…The correct implementation of new product development process helps minimize the risk of product failure. Executives at an automobile manufacturing company conducted a brainstorming session for selected employees This session resulted in a large number of ideas for developing new cars after extensive R&D, The executives are now assessing the suggested ideas to allow only the best among them to pass to the next stage 1. Identify the current stage of the new product development process. 2. Define the stage
- Assume your organization is seeking for new professors for your project management class. Create a list of quality criteria to assist you pick who to recruit. Assume that some of your current instructors do not meet these criteria. Make suggestions about how you might handle this situation.Expansion or new features may result. Provide instances to distinguish the two ideas. How can you explain these two issues? What if these two unfavourable outcomes happened simultaneously, making this endeavour the worst-case scenario?The team is eager to bring this to market and thinks they could be really successful and project 10,000 units could be sold! They are woried about setting the right price, but want to make between a 30-40% profit at least. They are unsure about what direction to take. They have seen other less impressive models sell for, on average, $600. They have asked for some help in determining how to proceed on the production front. They have run some prototype builds in which they detailed their process in the attached schedule. Additionally, they think they can rent out a factory for anywhere between $700,000-$1,000,000. They have asked your firm for some advice in helping the price their product. How much would you recommend they price this product for, and why (provide some reasoning on why/how you achieved this price)?
- Suppose you are a project manager of a software company. Your company got a big software project to develop for a poultry and frozen food company. Project is to automate their company with an ERP (Enterprise Resource Planning). Now you are planning to start the project to develop it successfully with good quality. 1. Describe from your point of view how you can state the term quality? 2. Measuring what you can say the software you developed assured quality or not and how? 3. Is it possible to assure top quality for every quality attributes? Define your answer. 4. According to your plan the software you are developing will be tested by whom?Create a one-paragraph reflection on the importance of feasibility reports. Share your insights about the things you learned about feasibility reports in general. Please observe the grammatical and mechanical rules in writing.Consider the conceptual design case study presented in the unit (Moggill Rd. / Coonan St. intersection upgrade). What additional information would you expect to be included in the actual project documents generated by the project team? Safety critical recalls on cars being particularly newsworthy. Such recall of products due to safety concerns are costly to the organisation responsible and may damage reputation and consumer confidence. In terms of the Acquisition phase activities and artifacts, what caused such errors to occur? What strategies do you think that they could have taken to prevent these sorts of errors?