What are the three types of constraints that projects face; provide examples and suggest ways to address these constraints?
What will be an ideal response?
The three main types of constraints that a project manager faces are time constraints, resource constraints, and mixed constraints. Examples of each will vary.
In the time-constrained project, the work must be finished by a certain time, or date, as efficiently as possible. In the resource-constrained project, the work must not exceed some predetermined level of resource use within the organization. While the project is to be completed as rapidly as possible, speed is not the ultimate goal. The mixed-constraint project is primarily resource constrained but may contain some activities or work package elements that are time constrained to a greater degree.
Time constraints can be addressed by increasing the percentage of worked time until the due date by working overtime or on weekends and holidays. Increasing the labor pool through dedicated personnel or subcontractors or automating processes, buying more powerful or efficient equipment, or improving work methods can all help speed up a project. Resource constraints may be addressed by leveling a project or extending the time available. Mixed constraints can be addressed by some combination of these techniques.
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A hot tub manufacturer wants the thermostat to control water temperature to within one degree when set at 130 degrees Fahrenheit
They randomly select 10 hot tubs, set the thermostats to 130, and record the following data with an infrared thermometer that has recently been calibrated. Temp 129.9 129.7 130.2 129.7 129.8 130 129.6 131 130.3 129.8 What is their process capability? What will be an ideal response?
Zable Corporation has two divisions: Town Division and Country Division. The following report is for the most recent operating period: Town DivisionCountry DivisionSales$235,000$192,000Variable expenses$103,400$105,600Traceable fixed expenses$80,000$58,000 The company's common fixed expenses total $68,320. Required:a. What is the Town Division's break-even in sales dollars?b. What is the Country Division's break-even in sales dollars?c. What is the company's overall break-even in sales dollars?
What will be an ideal response?
A data flow is data that move together, so it can be composed of many individual pieces of data that are generated at the same time and that flow together to common destinations
Indicate whether the statement is true or false
The reports generated by a reporting system can be classified as any of the following except ________
A) static B) dynamic C) fluid D) push