Wednesday, February 26, 2020

Project Management Case Study Example | Topics and Well Written Essays - 500 words

Project Management - Case Study Example The risks have an effect on the elements of the project and once should consider factors that may delay a project or may affects its cost, so that contingency plan may be made. All of these, will aid an organization in defining what will be the scope of the project and the time and cost involved in its completion. Case study 1: Hydroelectric Development is better in identifying the risks since it listed risk involved in each element, this makes is easier to see the possible risks and it is even grouped depending on what will be affected like quantity, unit cost, schedule or global (overall). This is found in Table 20.3 - Risks for the hydroelectric project (John Wiley & Sons, 2005) Case study 2: Irrigation scheme, on the other hand, is better in quantifying risks because it is able to assess the overall effect of risks to the elements, meaning, it balances each risk based on the strength of another risk or weakness of the other. Each risk may have an effect to the other, and considering its combined effect is more accurate in quantifying the risk involved than by considering individual risk for each element. Dependence and correlation is also computed for the 2nd case study. As defined in Wikipedia: Correlations are useful because they can indicate a predictive relationship that can be exploited in practice. For example, an electrical utility may produce less power on a mild day based on the correlation between electricity demand and weather. In this example there is a causal relationship, because extreme weather causes people to use more electricity for heating or cooling; however, statistical dependence is not sufficient to demonstrate the presence of such a causal relationship. Overall, it is easier to follow the method used for the Hydroelectric development because as mentioned above, it listed all risks involved for each element. The analysis is simple and straight forward, that all risks having both direct and indirect effects to elements were listed,

Monday, February 10, 2020

Introduction to the internet and E- Business Essay

Introduction to the internet and E- Business - Essay Example They prepared all the food by themselves without outsourcing. They always welcome the new ideas to promote their quality of services and menus. The company is currently operating in two areas i.e. Cheshire and Manchester. Currently offering catering services to other local restaurants as well as private events and has gained a very prestigious in the area. The company has great quality of foods and services, but unfortunately they are not as good in their e-business segment. The company has beautifully designed website which clearly explains their expertise and taste but don’t have online support system or order booking system. This makes it very difficult to process online orders and queries, as it will delay their response to the customers. The importance and scope of E-Business needed to be elaborated to the company. It looks they are unaware about the technology, if proper demonstration is conducted to explain the possibilities, and benefits associated with it. The company should be educated about different e-business models and their acceptance & success in Catering industry. It can be said that the Information and Communication Technologies (ICTs), for conducting or supporting are used to improve the business activities and processes, including development and research, design and development, procurement, operation, marketing, manufacturing, and sales, human resources management, logistics, value chain integration and finance. The evolution of e-business became more popular with the introduction of Internet, especially, the www (World Wide Web) or web, revolution. The history of e-business is not longer than 15 years. However, its enhancements and developments, i.e. Electronic Data Interchange (EDI), Material Requirements Planning (ERP) and Enterprise Resource Planning (ERP), have the history of more than forty years. EDI is an electronic communication of commercial transactions, such as placements of orders, consignment