MGT3035 W5 A2 – Resource and Time Budgets

Assignment 2: Resource and Time Budgets

Using your textbook, read the Directed Reading entitled “Three Perceptions of Project Cost.” 

Based on your research and reading, answer the following questions: 

• What are the differences in the ways project managers, accountants, and financial comptrollers perceive the expenses of a project? 
• How are indirect costs involved in the preparation of the budget for a project? 
• Using the typical profit and loss statement included in the Directed Reading, does it surprise you that a $1,000,000 project will generate only the Net profit shown on the bottom line of that statement?  Why or why not? 

You are going to be the project manager for the construction of a large warehouse for a major international company. Of course, there are many elements involved in constructing such a large facility, but this assignment will consider only one, the laying of the facility’s foundation (which is obviously preceded by site preparation and followed by the actual construction of the building).

In preparation for completing of this element of the project—laying the facility foundation—complete the following: 

• Locate a source of data for the hourly wages that will need to be paid to those who will pour and finish the concrete foundation (the Bureau of Labor Statistics of the United States government is a good source for such information).  Be sure to document the source of your hourly wage data for such concrete workers. 
• Locate a source of data for the cost of a cubic yard of reinforced concrete.  Be sure to document the source of your reinforced concrete cost data. 
• Assuming that eight workers will be needed for the completion of the project, that they will work five days per week for 10 hours per day, and that it will take them three full weeks to complete the pouring of the foundation, what is your estimate (based on the hourly wage data that you located) of the labor expense of pouring the foundation? 
• Assuming that the foundation will require 400 cubic yards of concrete, what is your estimate (based on the hourly wage data that you located) of the cost of the materials needed for pouring the foundation? 
• How would “Overhead charges” (review the Budgeting chapter if you do not remember learning about this term) impact the two estimates that you have calculated? 
• How would an increase in the cost of steel (one of the components of reinforced concrete) impact the budget that you had developed? 
• If the construction site was impacted by a hurricane during the preparation of the foundation (meaning that work had to be temporarily stopped), how would the overall schedule of the construction project be impacted? 

Please provide your answers in a 3- to 4-page Microsoft Word document. 

Support your responses with examples.

Cite any sources in APA format.

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You are a financial analyst for a Fortune 500 company and you must present an analysis of the financial data to the executives. Select a publicly traded company in the same industry as the company you work for or one that you would like to work in. Locate the company’s annual report and any other available data (e.g. units manufactured, revenue, etc.) that is available for the last 5 years. Use one of the company’s historical data sets to calculate the standard deviation of the selected data for the last 5 years. Discuss what the standard deviation means. Analyze data using variance and standard deviation. Create an 10-slide Microsoft® PowerPoint® presentation including detailed speaker notes (100 words per slide)

Standard deviation is an important concept that can be used in business to analyze financial data. The Week 3 individual assignment provides students the chance to look at the historical financial data of a real-world company and find out how to apply statistical concepts to business uses.

Grading Guide

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1. Your discussion response should discuss your classmate’s posting and be written as if you were reviewing his or her posting in an academic journal.  Your discussion response should therefore answer the following questions as applicable:
1. Was your classmate’s reasoning articulate and logical?  Were the facts correct?
2. Was the interpretation your classmate provided reasonable and consistent with experts in the field?  Did your classmate defend the choices effectively?

The focus for your critical analysis is not whether or not you agree with your classmate, but how well his or her position was presented.

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Review the “AT&T Pulls $39 Billion T-Mobile Bid on Regulatory Opposition article.

In 2011, AT&T attempted a merger with T-Mobile. The Justice Department sued under the act, claiming that the merger would constitute a violation of the antitrust laws. In 2012, AT&T dropped its attempt at the acquisition.

If AT&T had merged with T-Mobile, would the merger have violated antitrust laws? Why, or why not? Do not be unduly influenced by the Justice Department’s stance on the issue. Use your own analysis to reach a conclusion.

Guided Response:

Respond to at least two of your fellow students’ posts in a substantive manner. Some ways to do this include the following, though you may choose a different approach, providing your response is substantive:

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Do a research on each of the factor to describe Hong Kong. And end up with a paragraph summary in the very end of the essay.

2. Environment

2.1 Geography

2.2 Climate

2.3 land utilization

2.4 Population

3. Society

3.1 Culture

3.2 Food

3.3 Languages

3.4 Entertainment

4. Religion

4.1Buddhism

4.2 Taoism

4.3 Catholicism

4.4 Judaism

4.5 Protestantism

5. Education

5.1 Pre-school

5.2 Primary School

5.3 High school

5.4 university

5.5 health

7. Key macroeconomic Variables

7.1 GNP and GDP growth

7.2 unemployment rate

7.3 investment

7.4 income

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