What is the purpose of a feasibility study in the initial stages of a project?
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What is the purpose of a feasibility study in the initial stages of a project?
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- which feasibility measure estimates the cost/benefit of the project and how it is measured?Q1) Write Current situation and Problem/Opportunity statement, analysis of options and recommendations and Preliminary project requirements as part of the business case for renovating the seminar room in the ground floor of College of business Q2) Write success criteria and Approach for the new renovated College of business seminar room as part of the project charter.Define the term Evaluation of Public Projects?
- CASE STUDYYour firm MS MACKAY LTD. won a project of €1,785,000 to build a 161kV/33kV sub-station. You have been selected as the project manager to lead the project team for the successful execution of the project. You are the project manager, there are a total of 8,400 hours of work schedule on the project. You made your checks with the accounting department, and they told you that you have spent a total of €1,144,000. According to the schedule, your team should have worked 5000 hours, but your foreman says that the team was allowed to work some overtime, and they have actually put in 5600 hours of work. A. Develop the activities sequence for the project in the CASE STUDY. B. Building the capacity of a project team is one of the responsibilities of a project manager. How would you balance your efforts to get the project done with your efforts to help team members use their work on the project to develop themselves professionally? Defend your answer. C. Explain the following types of…Deavyanne Johnston, the engineering manager at TZO Chemicals, wants to complete an alternative evaluation study. She asked the finance manager for the corporate MARR. The finance manager gave her some data on the project and stated that all projects must clear their average (pooled) cost by at least 4%. a. Use the data to determine the minimum MARR.b. The study is after-taxes and part (a) provided the before-tax MARR.Determine the correct MARR to use if Te was 32% last year and the finance manager meant that the 4% above the cost is for after-tax evaluations.Differentiate between Service Projects and Revenue Projects?
- Case Study 1: Project Management – Decision Trees A local toy manufacturer has three different mechanisms that can be installed in a doll that it sells. The different mechanisms have three different setup costs (overheads) and variable costs and, therefore, the profit from the dolls is dependent on the volume of sales. The anticipated payoffs are as follows: Light Demand Moderate Demand Heavy Demand Probability 0.25 0.45 0.3 Wind-up action $325,000 $190,000 $170,000 Pneumatic action $300,000 $420,000 $400,000 Electrical action -$400,000 $240,000 $800,000 What is the ultimate objective in the use of decision trees to product design? How is this objective accomplished? Draw the decision tree. What is the EMV of each decision alternative? Which action should be selected?Write Current situation and Problem/Opportunity statement, analysis of options and recommendations and Preliminary project requirements as part of the business case for renovating the seminar room in the ground floor of a college.What does a project’s NPV of $1,500 mean?
- The municipal golf course has made a budget request to remodel and upgrade the clubhouse. The project will cost $7,200,000, based on reliable estimates. The additional annual operating expenses are the upgrade are expected to be $200,000 per year. An analysis of the experiences of other municipal golf courses reveals an expected revenue increase of $1 million per year after the upgrade. The useful life of the upgraded clubhouse is estimated at 9 years, and the golf course expects to get a loan for the renovation at an interest rate of 4.25%. Should the renovation be approved?Stinnett Transmissions, Incorporated, has the following estimates for its new gear assembly project: Price $1,220 per unit; variable costs = $3.75 million; quantity = 90,000 units. Suppose the company believes all of its estimates are accurate only to within ±15 percent. What values should the company use for the four variables given here when it performs its best-case scenario analysis? What about the worst-case scenario? Pls don't copy answer i give up voteExplain the difference between the service projects and revenue projects ?