Discussion 6 - Business & Finance
Assigned Readings:Chapter 12. Project ControlChapter 13. Research and Development ProjectsInitial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.Also, provide a graduate-level response to each of the following questions:
Pick a major U.S. industry, such as automobiles or computers, and discuss the lapses in technology and innovation on the domestic front that permitted foreign competitors to get a foothold and, in some cases, a dominant share of the market. Who or what do you think was to blame for this situation?
In the mid-1980s, General Motors undertook a $5 billion program to introduce robotics and computer-integrated manufacturing techniques into many of its assembly plants. The results were disappointing, to say the least. Enormous technical problems dogged the program from the beginning, and the ultimate gains in productivity were decidedly modest. What do you think went wrong? Why? From the long-term perspective, was the automation program a good idea?
[Your post must be substantive and demonstrate insight gained from the course material. Postings must be in the students own words - do not provide quotes!] [Your initial post should be at least 450+ words and in APA format (including Times New Roman with font size 12 and double spaced). Post the actual body of your paper in the discussion thread then attach a Word version of the paper for APA review]
Project Management: Achieving Competitive Advantage
Fifth Edition
Chapter 12
Resource Management
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1
Learning Objectives
12.1 Recognize the variety of constraints that can affect a project, making scheduling and planning difficult.
12.2 Understand how to apply resource-loading techniques to project schedules to identify potential resource overallocation situations.
12.3 Apply resource-leveling procedures to project activities over the baseline schedule using appropriate prioritization heuristics.
12.4 Follow the steps necessary to effectively smooth resource requirements across the project life cycle.
12.5 Apply resource management within a multiproject environment.
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P M B o K Core Concepts
Project Management Body of Knowledge (P M B o K) covered in this chapter includes:
1. Estimate Activity Resources (P M B o K 6.4)
2. Plan Human Resource Management (P M B o K 9.1)
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Types of Constraints
Physical
Time
Resource
Mixed
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Table 12.2 Activity Precedence Table
Activity Description Duration Predecessors Member Assigned
A Assign Bids 5 days None Tom
B Document Awards 5 days A Jeff
C Calculate Costs 5 days A Jeff
D Select Winning Bid 1 days B,C Sue
E Develop P R Campaign 4 days D Carol
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Figure 12.2 Sample Activity Network with Conflicts
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Figure 12.3 Resource Usage Table Demonstrating Overallocation
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Resource Loading
The amount of individual resources a schedule requires during specific time periods.
Once the Work Breakdown Structure and activity networks are developed, create the resource loading form (or resource usage calendar)
The resource usage table shows:
Project team members
Tasks they are assigned to
Time each activity is expected to take
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Figure 12.5 Resource Usage Table
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Figure 12.6 Example of Resource Usage Table with Overallocation
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Resource Leveling
A process that address the complex challenges of project constraints (A K A resource smoothing).
Objectives:
To determine the resource requirements so that they will be available at the right time
To allow each activity to be scheduled with the smoothest possible transition across resource usage levels
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Resource Leveling Heuristics for Prioritizing Allocation
Smallest amount of slack
Smallest duration
Lowest I D number (F C F S)
Greatest number of successor tasks
Requiring the most resources
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General Procedure for Resource Leveling
Create a project activity network diagram.
Develop resource loading table.
Determine activity late finish dates.
Identify resource overallocation.
Level the resource loading table.
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Construct a Resource-Loading Chart
To construct a time-limited resource-loading chart for resource scheduling, there are six main steps to follow:
Create activity network.
Produce table for each activity, resource requirements, duration, early start time, slack, and late finish time.
List activities in order of increasing slack.
Draw an initial resource-loading chart with each activity scheduled at its earliest start time.
Rearrange activities within their slack to create a profile that is as level as possible.
Use judgment to interpret and improve activity leveling.
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Figure 12.17 Sample Project Network
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Creating Resource Loading Charts: Resource Staffing
Table 12.7 Resource Staffing (Hourly Units) Required for Each Activity
Activity Resource Duration Early Start Slack Late Finish
A 6 4 0 0 4
B 2 1 4 0 5
C 2 3 4 4 11
D 7 4 5 0 9
E 3 2 9 0 11
F 6 1 11 0 12
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Resource-Loading Chart
Figure 12.18 Resource-Loading Chart for Sample Project
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Figure 12.19 Modified Resource-Loading Chart When Splitting Task C
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Managing Resources in Multiproject Environments
Schedule Slippage
Resource Utilization
In-Process Inventory
Resolving Resource Decisions in Multiproject Environments
First In Line
Greatest Resource Demand
Greatest Resource Utilization
Minimum Late Finish Time
Mathematical Programming
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Summary
Recognize the variety of constraints that can affect a project, making scheduling and planning difficult.
Understand how to apply resource-loading techniques to project schedules to identify potential resource overallocation situations.
Apply resource-leveling procedures to project activities over the baseline schedule using appropriate prioritization heuristics.
Follow the steps necessary to effectively smooth resource requirements across the project life cycle.
Apply resource management within a multiproject environment.
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Copyright
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Project Management: Achieving Competitive Advantage
Fifth Edition
Chapter 13
Project Evaluation and Control
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1
Learning Objectives (1 of 2)
13.1 Understand the nature of the control cycle and the four key steps in a general project control model.
13.2 Recognize the strengths and weaknesses of common project evaluation and control methods.
13.3 Understand how Earned Value Management can assist project tracking and evaluation.
13.4 Use Earned Value Management for project portfolio analysis.
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Learning Objectives (2 of 2)
13.5 Understand critical issues in the effective use of Earned Value Management.
13.6 Understand behavioral concepts and other human issues in evaluation and control.
13.7 From Appendix 13.1: Understand the advantages of Earned Schedule methods for determining project schedule variance, schedule performance index, and estimates to completion.
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P M B o K Core Concepts
Project Management Body of Knowledge (P M B o K ) covered in this chapter includes:
Control Schedule (P M B o K 6.7)
Control Costs (P M B o K 7.4)
Earned Value System (P M B o K 7.4.2.1)
Forecasting (P M B o K 7.4.2.2)
Performance Reviews (P M B o K 7.4.2.4)
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Control Cycles—General Model
Setting a goal.
Measuring progress.
Comparing actual with planned performance.
Taking action.
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Figure 13.2 The Project Control Cycle
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Figure 13.3 Project S-Curves
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Figure 13.4 Project Sierra’s S-Curve Showing Negative Variance
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Milestone Analysis
Milestones are events or stages of the project that represent a significant accomplishment.
Milestones:
Signal completion of important steps
Motivate team and suppliers
Offer reevaluation points
Help coordinate schedules
Identify key review gates
Signal other team members when their participation begins
Delineate work packages
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Figure 13.5 Gantt Chart with Milestones
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Figure 13.6 Assessing Project Blue’s Status Using Tracking Gantt Chart
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Figure 13.7 Tracking Gantt with Project Activity Deviation
Project status is updated by linking task completion to the schedule baseline.
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Earned Value Management
Earned Value Management (E V M) recognizes that it is necessary to jointly consider the impact of time, cost, and project performance on any analysis of current project status.
Earned Value (E V) directly links all three primary project success metrics (cost, schedule, and performance).
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Earned Value Terms
Planned value (P V)
Earned value (E V)
Actual cost of work performed (A C)
Schedule variance (S V) and schedule performance index (S P I)
Cost variance (C V) and cost performance index (C P I)
Budgeted cost at completion (B A C)
Estimate at completion (E A C)
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Steps in Earned Value Management
Clearly define each activity including its resource
needs and budget.
Create usage schedules for activities and resources.
Develop a time-phased budget (P V).
Total the actual costs of doing each task (A C).
Calculate both the budget variance (C V) and schedule
variance (S V).
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Figure 13.11 Project Baseline, Using Earned Value
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Figure 13.12 Earned Value Milestones
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Earned Value Example
Schedule Variances
Planned Value (P V) = 103
Earned Value (E V) = 44
Cost Variances
Cumulative Actual Cost of Work Performed (A C) = 78
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Figure 13.16 Earned Value Report for Project Atlas on May 19
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Flow of Earned Value System
Northrop Grumman’s flow of earned value management:
Proposal stage
Contract award
Baseline stage
Maintenance phase
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Using Earned Value to Manage a Portfolio of Projects
Table 13.9 Project Portfolio Earned Value (in thousands $)
Project P V E V Time Var ($) Var A C Cost Var ($) Var+ Plan Est. at Completion
Alpha 91 73 -18 18 83 -10 10 254 289
Beta 130 135 5 0 125 10 0 302 280
Gamma 65 60 -5 5 75 -15 15 127 159
Delta 25 23 -2 2 27 -4 4 48 56
Epsilon 84 82 -2 2 81 1 0 180 178
Blank 395 373 Blank Blank 391 Blank Blank Blank 962
Total Schedule Variance 27
Relative Schedule Variance
Total Cost Variance 29
Relative Cost Variance
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Completion Values in E V M
Accurate and up-to-date information is critical in the use of E V M.
Percentage Complete Rule
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Human Factors in Project Evaluation and Control
Project coordination and relations among stakeholders
Adequacy of project structure and control
Project uniqueness, importance, and public exposure
Success criteria salience and consensus
Lack of budgetary pressure
Avoidance of initial overoptimism and conceptual difficulties
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Critical Success Factors in the Project Implementation Profile
Project mission
Top management support
Project plans and schedules
Client consultation
Personnel
Technical tasks
Client acceptance
Monitoring and feedback
Communication channels
Troubleshooting
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Summary (1 of 2)
Understand the nature of the control cycle and the four key steps in a general project control model.
Recognize the strengths and weaknesses of common project evaluation and control methods.
Understand how Earned Value Management can assist project tracking and evaluation.
Use Earned Value Management for project portfolio analysis.
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Summary (2 of 2)
Understand critical issues in the effective use of Earned Value Management.
Understand behavioral concepts and other human issues in evaluation and control.
From Appendix 13.1: Understand the advantages of Earned Schedule methods for determining project schedule variance, schedule performance index, and estimates to completion.
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Copyright
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44EV
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Estimated Time to Completion7163 months
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Table 12.1 Measurements for Project Control
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Table 12.2 Duration and Cost for Activities Performed in Month 1
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Table 12.3 Actual Performances in Month 1
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Figure 12.1 Control limits and actual cost for activity A, weeks 1 through 4.
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Figure 12.2 OBS for example project.
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Figure 12.3 Simple WBS.
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Figure 12.4 Linking the OBS and the WBS.
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Figure 12.5 Gantt chart for an early start.
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Table 12.4 Summary Report for Weeks 1-4
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Table 12.5 The Values of BCWS, BCWP, and ACWP for Weeks 1–4
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Table 12.6 Values of SI and CI for Weeks 1–4
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Figure 12.6 EV analysis: (a) activity A; (b) activity B; (c) activity E.
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Figure 12.7 EV analysis for the project.
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Figure 12.8 SI for the project.
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Figure 12.9 CI for the project.
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Figure 12.10 Integrating CI and SI.
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Table 12.7 Cumulative Cost and Schedule Control Report by OBS Element (Weeks 1-4)
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Table 12.8 Cost and Schedule Control Report by WBS Element
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Table 12.9 Schedule of Milestones or Control Points
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Table 12.10 Delivery Schedule for the 110 Systems
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Table 12.11 Scheduled Milestones at the End of Week 5
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Figure 12.11 Planned number of systems to finish each milestone after 5 weeks.
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Figure 12.12 Constructing the planned status from the MPS.
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Figure 12.13 LOB and actual performance.
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Table 12.12
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Table 12.13
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Table 12.14
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Project Management: Processes, Methodologies, and Economics, 3e
Avraham Shtub, Moshe Rosenwein
Table 12.15
Project Management: Processes, Methodologies, and Economics
Third Edition
Chapter 12
Project Control
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Table 12-1 Measurements for Project Control
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Table 12-2 Duration and Cost for Activities Performed in Month 1
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Table 12-3 Actual Performances in Month 1
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Figure 12-1 Control Limits and Actual Cost for Activity a, Weeks 1 Through 4
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Figure 12-2 O B S for Example Project
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Figure 12-3 Simple W B S
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Figure 12-4 Linking the O B S and the W B S
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Figure 12-5 Gantt Chart for an Early Start
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Table 12-4 Summary Report for Weeks 1-4
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Table 12-5 The Values of B C W S, B C W P, and A C W P for Weeks 1-4
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Table 12-6 Values of S I and C I for Weeks 1-4
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Figure 12-6 EV Analysis: (A) Activity A; (B) Activity B; (C) Activity E
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Figure 12-7 E V Analysis for the Project
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Figure 12-8 S I for the Project
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Figure 12-9 C I for the Project
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Figure 12-10 Integrating C I and S I
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Table 12-7 Cumulative Cost and Schedule Control Report by O B S Element (Weeks 1-4)
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Table 1-8 Cost and Schedule Control Report by W B S Element
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Table 12-9 Schedule of Milestones or Control Points
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Table 12-10 Delivery Schedule for the 110 Systems
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Table 12-11 Scheduled Milestones at the End of Week 5
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Figure 12-11 Planned Number of Systems to Finish Each Milestone After 5 Weeks
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Figure 12-12 Constructing the Planned Status from the M P S
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Figure 12-13 L O B and Actual Performance
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Table 12-12
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Table 12-13
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Table 12-14
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Table 12-15
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Copyright
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One of the first conflicts that would need to be investigated would be whether the human service professional followed the responsibility to client ethical standard. While developing a relationship with client it is important to clarify that if danger or
Ethical behavior is a critical topic in the workplace because the impact of it can make or break a business
No matter which type of health care organization
With a direct sale
During the pandemic
Computers are being used to monitor the spread of outbreaks in different areas of the world and with this record
3. Furman v. Georgia is a U.S Supreme Court case that resolves around the Eighth Amendments ban on cruel and unsual punishment in death penalty cases. The Furman v. Georgia case was based on Furman being convicted of murder in Georgia. Furman was caught i
One major ethical conflict that may arise in my investigation is the Responsibility to Client in both Standard 3 and Standard 4 of the Ethical Standards for Human Service Professionals (2015). Making sure we do not disclose information without consent ev
4. Identify two examples of real world problems that you have observed in your personal
Summary & Evaluation: Reference & 188. Academic Search Ultimate
Ethics
We can mention at least one example of how the violation of ethical standards can be prevented. Many organizations promote ethical self-regulation by creating moral codes to help direct their business activities
*DDB is used for the first three years
For example
The inbound logistics for William Instrument refer to purchase components from various electronic firms. During the purchase process William need to consider the quality and price of the components. In this case
4. A U.S. Supreme Court case known as Furman v. Georgia (1972) is a landmark case that involved Eighth Amendment’s ban of unusual and cruel punishment in death penalty cases (Furman v. Georgia (1972)
With covid coming into place
In my opinion
with
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The ability to view ourselves from an unbiased perspective allows us to critically assess our personal strengths and weaknesses. This is an important step in the process of finding the right resources for our personal learning style. Ego and pride can be
· By Day 1 of this week
While you must form your answers to the questions below from our assigned reading material
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5 The family dynamic is awkward at first since the most outgoing and straight forward person in the family in Linda
Urien
The most important benefit of my statistical analysis would be the accuracy with which I interpret the data. The greatest obstacle
From a similar but larger point of view
4 In order to get the entire family to come back for another session I would suggest coming in on a day the restaurant is not open
When seeking to identify a patient’s health condition
After viewing the you tube videos on prayer
Your paper must be at least two pages in length (not counting the title and reference pages)
The word assimilate is negative to me. I believe everyone should learn about a country that they are going to live in. It doesnt mean that they have to believe that everything in America is better than where they came from. It means that they care enough
Data collection
Single Subject Chris is a social worker in a geriatric case management program located in a midsize Northeastern town. She has an MSW and is part of a team of case managers that likes to continuously improve on its practice. The team is currently using an
I would start off with Linda on repeating her options for the child and going over what she is feeling with each option. I would want to find out what she is afraid of. I would avoid asking her any “why” questions because I want her to be in the here an
Summarize the advantages and disadvantages of using an Internet site as means of collecting data for psychological research (Comp 2.1) 25.0\% Summarization of the advantages and disadvantages of using an Internet site as means of collecting data for psych
Identify the type of research used in a chosen study
Compose a 1
Optics
effect relationship becomes more difficult—as the researcher cannot enact total control of another person even in an experimental environment. Social workers serve clients in highly complex real-world environments. Clients often implement recommended inte
I think knowing more about you will allow you to be able to choose the right resources
Be 4 pages in length
soft MB-920 dumps review and documentation and high-quality listing pdf MB-920 braindumps also recommended and approved by Microsoft experts. The practical test
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One thing you will need to do in college is learn how to find and use references. References support your ideas. College-level work must be supported by research. You are expected to do that for this paper. You will research
Elaborate on any potential confounds or ethical concerns while participating in the psychological study 20.0\% Elaboration on any potential confounds or ethical concerns while participating in the psychological study is missing. Elaboration on any potenti
3 The first thing I would do in the family’s first session is develop a genogram of the family to get an idea of all the individuals who play a major role in Linda’s life. After establishing where each member is in relation to the family
A Health in All Policies approach
Note: The requirements outlined below correspond to the grading criteria in the scoring guide. At a minimum
Chen
Read Connecting Communities and Complexity: A Case Study in Creating the Conditions for Transformational Change
Read Reflections on Cultural Humility
Read A Basic Guide to ABCD Community Organizing
Use the bolded black section and sub-section titles below to organize your paper. For each section
Losinski forwarded the article on a priority basis to Mary Scott
Losinksi wanted details on use of the ED at CGH. He asked the administrative resident