This website uses cookies to ensure you have the best experience. Learn more

Manager Essay

865 words - 4 pages

Earned Value Analysis terms

Earned Value Management is one of the most common techniques used to measure the performance of the ongoing project. To implement earned value analysis in project management, it is important to first understand the following EVA terms and formulae. 

Planned Value (PV):
Also called Budgeted Cost of Work Scheduled(BCWS), is the cost that is proposed to be utilised on an activity during a specific time frame.

Actual Cost (AC):
Also called Actual Cost of Work Performed(ACWP), is the aggregate cost that is spent on an activity while its execution, during a specific time frame.

Rate of Performance (RP):
It is the rate at which the project is progressing. ...view middle of the document...

Now, the earned value(EV) or the value of the work actually completed in monetary terms
=Rate of performance X Planned Value of work to be completed till the first month (EV = PV X RP)
=50% of 10,000
=5,000
This implies that we have utilised Rs.10,000(AC) for the work which should have utilised Rs. 5,000(EV) according to our budget.

Some more important terms in Earned Value Management:

Cost Variance (CV):
As the name suggests, Cost Variance calculates the deviation between the cost actually incurred and the planned cost. It checks whether we have gone according to our budgeted costs or not.
CV = EV - AC

Cost Performance Index(CPI):
Cost Performance is used to estimate the projected or actual cost of completing the project based on the performance to date.
CPI = EV / AC

Schedule Variance (SV):
Schedule Variance calculates the deviation between the actual and planned time taken to complete the project or an activity of a project. It checks whether the project has taken more or less time than that of the planned schedule.
SV = EV - PV

Schedule Performance Index(SPI):
Schedule Performance Index is used to estimated the projected time to complete the project.
SPI = EV / PV

Estimate At Completion(EAC):
Used to find the estimate cost of the project at completion, going by the present performance.
EAC = PV of whole project/CPI

Estimated time to complete:
Used to find the approximate time required to complete the project, going by the...

Other Papers Like Manager

Manager Essay

1532 words - 7 pages OTC market is an important part of multi-layered capital markets, and reflects investment and financing needs of the general concerns of SME. In addition to the main board, OTC market provides more diversification, more flexible transaction methods, and more complicated and customized securitization product. Mostly, the enterprises listed in OTC market are SMEs in the early growth stage, with underperformed corporate governance, management and

Manager Essay

3190 words - 13 pages AGENDA BUSINESS PLANNING 1. PLANNING FOR A MEETING, TRADE SHOW, EVENT 2. 1 PAGE BIZ SUMMARY-challenging exercise to narrow the scope of the business idea and summarize 3. SNAPSHOT OF A BUSINESS PLAN-details of the sections of a table of contents sections 4. Outline Table of Contents 5. 11-1 TO 11-11 SUM helps research and develop information to complete in chart formats

Manager

4917 words - 20 pages Final Exam – August 2013 Part 1 – Analysis of Netflix 1. and 2. Brief Overview of Netflix’s Business Model In order to better understand Netflix’s business model, there are 3 topics discussed at here: 1) the current business model analysis based on Alex Osterwalder’s methodology; 2) the history of Netflix’s business model which will give us more insights of what happened to Netflix in the past, and where it will go in the future; 3) the

Manager - 1247 words

1247 words - 5 pages Screen View Company 一,情景概述 Screen View 公司是一家专注于电影放映的私人公司,总部位于洛杉机。目前拥有 34 家 电影院, 数家保龄球馆以及不少土地建筑所有权, 而且公司的电影院基本上是建立在公司自 有土地上的。公司目前发行有 200000 份普通股股票,面值为 5 元,由公司两个创始家族各 占 50%。电影院的运营收入占公司总收入的一半,另一半来自于固定资产出租和土地投资 收益。公司最近四年的收入一直在增长,经营状况比较稳定。公司面临的主要问题在于公司 的杆率水平高于行业平均, 公司现阶段的发展主要依赖于内源融资, 即主要依靠公司的留存 收益。 1989 年,为了解决公司经常面临的资金不足的问题,公司主席 Bret Marcus 与公司其他 所有者正在考虑将公司连锁电影院业务推向市场,进行 IPO 融资。公司打算用公开发行股 票所获得的资金用于新电影院的建设、 偿还部分到期债务以及改善公司营运资产的状况。 目 前 IPO 市场处于相对热销状态,市场

Manager - 1651 words

1651 words - 7 pages Aggregate Demand and Supply Models Team A ECO372 August 21, 2014 Aleksandr Kocharyan Aggregate Demand and Supply Models In order to examine the U.S. economy one must examine its unemployment rate. During the recession in 2008 the U.S. unemployment rate was at five percent. The aftermath of the recession caused the unemployment rate to increase to an all-new high. The rate in 2009 went up to 7.9 percent. In 2010 the rate increased to 9.7

The International Manager

923 words - 4 pages The international manager The world of management is undoubtedly complicated and confusing, but in the same time, it represents one of humankind’s most important inventions. Dating back since the 1900’s, management has helped in the creation of successful and well-known companies. One of the figures who contributed to the foundation of management was Henry Ford. Ford said some interesting and insightful words, which even now, underline the

Role Of Manager

456 words - 2 pages Role of Manager: (select any manager (marketing/general/ finance)) 1. Briefly, describe the requirements of the job. Include formal requirements (such as those that may be detailed in a position/job description), and less formal requirements (for example, particular personality characteristics you think are important). 2. Identify (list) other individuals or groups from inside and/or outside the organisation with whom you

Steve Ells Manager Profile

515 words - 3 pages Steve Ells Manager Profile Steve Ells is the founder, Co-CEO, and chairman of Chipotle Mexican Grill. Steve Ells is not your typical CEO; in fact he rarely will be seen in a suit. Steve is a passionate, energetic, hands-on CEO, who was first a chef. Steve Ells attended the University of Colorado at Boulder, majoring in Art History and then he went on to attend the Culinary Institute of America in Hyde Park, New York. Afterward he was a line

Important Functions Of A Manager

367 words - 2 pages Important Functions of a Manager Ortia M. Watson University of Phoenix Abstract In researching I have found some very important functions of a manager. While reading this paper I will tell you the functions and their importance to the managerial position. These functions will include but will not be limited to planning, controlling, organizing, and leading. Important Functions of a

The Role Of A Manager

685 words - 3 pages The role of a Manager Today The role of a Manager Today Times have dramatically changed. Gone are the days where employees fear hierarchy and the belief that the employee voice is not heard. The corporate structure has become much more refined within most companies so employees are much more empowered. “Once employees in the organization are empowered by management, shared values provide the only practical way to ensure that everyone

Manager Role Within Functional Areas Of Business

890 words - 4 pages Manager Role within Functional Areas of Business Fernando Franco MGT/521 June 1, 2015 Natalie Casale ROLE OF A MANAGER WITHIN THE FUNCTIONAL AREAS OF BUSINESS The role of a manager can be one of the most challenging jobs ever in existence. A manager’s role is to perform within the functional areas of a business. A business has different

Related Essays

Manager Task Essay

277 words - 2 pages to the achievement of goals. This report analyzes the behavior, structure and process of McDonald’s. The report focuses on the role of the manager in the organization and the interdependency that occurs between him/her and the people and groups in McDonald’s. Restaurant Manager: McDonald’s Requirements of the Job Experience in a management or supervisory capacity in a restaurant, hospitality or retail environment Two years of

Manager Delegation Essay

345 words - 2 pages AMicrosoft manager would have to delegate jobs to certain departments. The manager would have a department that delegates tasks to get projects done. The manager would have to delegate all of this to come together for an end product. One of the departments could be Globalization. This department would handle all the diversity for the foreign language of Microsoft. Foreign language is not the only part of globalization though. Factors of other

Project Manager Vs Functional Manager Essay

859 words - 4 pages K. WHITAKER Master of Science, Operations and Project Management QSO-640-X3538 Project Management 13TW3 (QSO-640-X3538_13TW3) Date: April 21, 2013 ______________________________________________________________________________ MATERIAL REVIEW QUESTIONS 2. Name the categories of skills that should be considered in the selection of a project manager. According to Meredith and Mantell, there are categories of skills that should be

Manager Essay 2706 Words

2706 words - 11 pages 1. Introduction of the Company Hemas is one of the Sri Lanka’s top diversified conglomerates, with the focus on five key sectors FMCG, Healthcare, Transportation, Leisure and Power. It is a publicly listed company with over 3000 employees. Their products and services touch the lives of millions of people from new born babies to large international business. They are working with communities to create exciting learning environments for future