Provide a realistic example of a trade-off, where one of these three items is optimized at the detriment of the other two items.
Explain why you selected the one item to optimize.
Explain how you will work to mitigate adverse impact from the reduction in the other two areas of the Iron Triangle.
The Iron Triangle is time, money and quality of the project. In construction you can try to lower cost, however by doing this it will ultimately lower the quality of work being done and will increase the time needed to do the project and it be a success (Bronte-Stewart,2015).
I selected cost because often organization will do whatever it takes to decrease cost and increase profit.
The best way to mitigate this trade-off allow more time for the project so the cost can stay low and the quality should not suffer. ultimately profit is what the organization is looking for so if you can increase profit while maintaining quality...
Click on the Journal Tab at the top of the page to add your first entry. Begin your post with the label:
Unit 6: Project Management.
Research the following topics related to Project Management:
Gantt Chart
Project Controls
Project Planning
Risk
WBS
Select three of the topics listed and compose three paragraphs describing the topics, one paragraph per selected topic, based on the course material and additional research you conduct online.
Unit 6: Project Management
Name
Institutional Affiliation
Gantt chart
A Gantt chart is used in project management to give details about a project schedule. Gantt charts enable project managers to easily illustrate project schedule information through itemizing the project activities on one side and the important dates such as the starting and finishing dates on another side and in a calendar format (Taylor, 2008). Gantt charts enable project managers to see the planned and completed work on a project, or the actual progress of the work. In Gantt charts, time is depicted on the horizontal axis while...
Human Resource Management and Project Management Paper
Professional service organizations help professionals maintain their careers via continuous learning, provide
social and business networking opportunities, promote leadership and mentorship within the field of the
profession, and provide standardization for the profession. Additionally, the
Operation Management
Name
Institutional Affiliation
The Society for Human Resource Management (SHRM) is considered the largest HR membership organization that is concerned with human resource management. SHRM outlines a number of human resource management principles which concerned organizations and individuals are expected to observe. On the other hand, operations management is a field of management that is concerned with achieving efficiency and effectiveness in the production process through the redesigning of the various business operations. The core objective in operations management is to ensure that resources are utilized efficiently in meeting customer needs.
The first human resource management principle is professional responsibility. This principle advocates for all HR professionals to act in a professional manner. For example, HR professionals should avoid conflicts of interest, prioritize the...
Let
B =
−5
5
−3
−2
1
−1
.
Compute the indicated matrix. (If this is not possible, enter DNE in any single blank).
BTB
Answer
29
-27
17
-27
26
-16
17
-16
10
.
Related math's question ...
Let
A =
3
0
−1
2
.
Compute the indicated matrix. (If this is not possible, enter DNE in any single blank).
A3
Answer
27
0
−19
8
Related linear algebra questions
...
Let
B =
5
−4
1
0
4
2
, D =
0
−6
−3
1
.
Compute the indicated matrix. (If this is not possible, enter DNE in any single blank).
BD
Answer
DNE
Related Question
...
Let
B =
6
−3
1
0
3
5
, C =
6
2
3
1
5
4
.
Compute the indicated matrix. (If this is not possible, enter DNE in any single blank).
C − BT
Answer
0
2
6
-2
4
-1
Related question
...
Let
A =
5
0
−1
2
, D =
0
−5
−6
1
.
Compute the indicated matrix. (If this is not possible, enter DNE in any single blank).
A + 2D
Answer
5
−10
−13
4
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See Related Question
...
Question
Case Study #1 Written Assignment
Your name
MT435 Operations Management
Kaplan University
Date
Introduction
Question 1
Based on the information presented in the scenario/case study discuss Albatross Anchor’s competitiveness in relation to (please address all items in the below list and provide support for your conclusions):
Cost
a) Cost or Production:
b) Economies of Scale:
c) Cost of Raw Materials Sitting Idle in the Warehouse:
d) Cost of Finished Goods Sitting Idle in the Warehouse:
Speed of manufacturing process from order to finished product.
Flexibility in filling order(s)
Technology
Capacity and facilities
Service to customers (what types of services would an anchor company provide to marine wholesalers?
Question 2
There are many ways that mushroom/bell anchors may be manufactured. Albatross Anchor is considering two new manufacturing processes (Process A and Process B) to reduce costs. Analysis of the information below will help determine which process has the lowest break-even point (this validates the process is more cost effective).
For each process the following fixed costs and variable costs are identified...
Questions
Each topic must be at least 1 paragraph.
Topic 1
Give an example of a good decision that you made that resulted in a bad outcome. Also give an example of a bad decision that had a good outcome. Why was each decision good or bad?
Topic 2
Give an example of a situation in your life where you can identify an opportunity loss. Explain why this was an opportunity loss and any implications it may have had on future decisions .
Life is full of decisions and at times, the decision we make may result in pleasant or unpleasant results. Interestingly, not all bad decisions result in wrong results, and not all good decision result in positive results. The decision-making process composes setting goals, gathering information and data and evaluating alternative choices (Hwang, 2012). A decision-making process constitute of more than one step to ensure the final decision is the best among the alternatives.
Topic 1
As the manager of my own firm, I decided to acquire on...
