Essay on PA52017 Parvez SIM335 PM - 3140 Words

Managing Project Table of Contents Introduction 3 Task 1: Different aspect of a Project 4 1.1 Core characteristics of a project: 4 1.2 Scope of the Project: 4 1.3 Critical Path Method and Gantt chart: 5 1.4 Cost appraisal method and its benefits: 6 1.5 Assessment and management risk: 6 1.6 Quality method used for successful completion of the project: 6 Task 2: Formal report on the project of ABEK Ltd: 7 2.1 Description of the project of ABEK Ltd: 7 2.2 Project lifecycle: 7 2.3 Breakdown of Project work: 9 2.4 Gantt chart: 9 2.5 Cost breakdown structure: 10 2.6 Network diagram: 10 2.6 Project management skills 11 2.8 Project manager leadership style: 11 2.9 Project Control Techniques: 12 Risk management: 12 Conclusion 13†¦show more content†¦IRR is one of the techniques (Lock, 2004). IRR is the rate at which the present value of the future cash flow will be equal to the initial cash flow and the NPV of the project will be zero. A project will be accepted if the cost of capital is lower than the IRR. Otherwise the project will be rejected. IRR provides many benefits. It helps to compare the cost of capital with the rate of return that will be earned on the project. It discounts the future cash flow and give correct decision in most of the cases (Daft, 1997). 1.5 Assessment and management risk: Management of risk means assessing the risk and taking steps to reduce that risk. In the project of ABEK, I will use both qualitative and quantitative approach for assessing risk. In qualitative approach, factors that may affect the project adversely will be considered. In the quantitative method, I will use sensitivity, simulation, probabilistic analysis, influence diagram and decision tree (Heerkens, 2002). Risk management techniques such as risk audit, risk reassessment, reserve meeting, status analysis, and cost risk analysis and scheduled risk analysis techniques will be used. 1.6 Quality method used for successful completion of the project: Controlling the quality of the project is very important for successful completion of the project. I will adopt the following measures for ensuring the quality: Producing realistic plan. Using repeatable process. Making effective team. Using

Incentive Plans Essay - 953 Words

Employee incentive plans go by many names. Successful company incentive programs will accomplish exactly what you want them to do if you plan them properly. In general, studies have shown that individual incentives are more effective than group incentives. Incentive pay, also known as â€Å"pay for performance† is generally given for specific performance results rather than simply for time worked (Dessler, 2011, p. 212). While incentives are not the answer to all personnel challenges, they can do much to increase worker performance (Dessler, 2011). Some kind of incentive pay is an important part of any compensation plan. Incentive pay shows appreciation and creates a sense of participation in the companys well-being that straight salary†¦show more content†¦The only drawback is if your sales area is unable to meet the goal and you miss the incentive, you have to be budget savvy for those months when there are no extra funds being generated from the incentive. If the e mployee works harder, but the work doesnt result in any increase in the profitability of the company, no additional compensation is paid (ABS, 2010). Under these dynamic compensation plans, employees are internally motivated to make more money which in turn drives profit-producing activities within the business (ABS, 2010). The key to turning these compensation plans into win-win situations for both the owner and the employee is having a professional review of the relationship between activities and costs so that the owner be sure that the plans are financially sound rather than being nothing more than guesswork where payouts are made without the certainty that profitability has been increased (ABS, 2010). Profit-sharing plans are probably the most widespread incentive-pay programs at larger corporations. They are generally company-wide and made available at least to all full-time employees (Dessler, 2011). The use of employee profit-sharing plans as an employee compensation scheme has increased significantly in the workplace. In the U.S., for example, about one in every four companies offers some type of profit-sharing plan.Show MoreRelatedIncentive Plans927 Words   |  4 PagesIncentive Plans MGT/431 February 21, 2012 Incentive Plans Organizations provide incentive plans to employees as motivation to reach the objectives and goals of the company. Incentives are given to personnel to encourage them to do his or her best. Incentive plans in any business might include bonuses or raises, stock option plans, or other forms of incentives. This is in exchange for the employees who work harder, better, or faster in accordance with the organizations goals and objectivesRead MoreBenefits Of Employees And Employees At The Workplace Is The Utilization Of Incentive Pay Plans1254 Words   |  6 Pagesworkplace is the utilization of incentive pay plans. Employers utilize incentive pay plans to motivate and change employee behaviors in order to prioritize behaviors and outcomes that the employer is looking for. Pay for performance appears to be a common sense solution to motivate employees. It creates a reward system for employees that is tied to job performance and meeting criteria that the employer values (Taylor, 2013). While the idea of offering financial incentives to employees appears to beRead MoreMarketing Plan For First Transit Business Development Team Operates Under A Sales Incentive Policy1335 Words   |  6 PagesDirectors adopted a five-year plan that establishes annual revenue growth goals for First Transit of around 8%. For a firm with annual revenues of $1.4B, this requires a dedicated business development team that is motivated to retain current customers and win new business. 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Visual Rhetoric Research Free Essays

Visual rhetoric is a sort of communication that happens in a test but its happen by the visual images or you can say visual rhetoric is the images you turn into an argument. The term visual rhetoric itself has a lot of things that determine it, when evaluated a visual rhetoric essay you must know the shape, the nature, the color, the architecture, the design, etc. of the image. We will write a custom essay sample on Visual Rhetoric Research or any similar topic only for you Order Now The most accurate place that use visual rhetoric is the advertisement company and one of the causes is to attract customers. Visual Rhetoric does not necessary need an academic knowledge to understand or to evaluate an image because everyone can evaluate an image by there own understanding of the design. My research show that the term visual rhetoric is broader than I can imagine and to go inside that term, we need a visual literacy process. When I went to https://owl.english.purdue.edu/owl/resource/691/01/. It is a page that is more focus on the academic world of visual rhetoric, that is why they explain that the term visual rhetoric comes under the words visual literacy and it brings into three categories: Visual Thinking, Visual Learning, and Visual Communication. Through the understanding of visual thinking is the metaphoric thinking, the visualization, the source of imagery, and the working brain, the visual learning is the reading, the design, and the research, the visual communication is the art, media, and aesthetics. When looking at an image, you think first about the image in front of you, then you start to learn about the source, the shape, and the value of what you see, and then you start your argument with the image in front of you. I also learned at the same OWL page section 04 that the visual rhetoric use of images has a lot of impact on the ethos (credibility), the design of an image can determine whether an audience will appreciate your work or take you seriously. That give us an understanding, when using visual rhetoric, we need to thing about our audience and make sure that the color, design, architecture, shape, and the nature of the image is well place in our design. Another source says that the more you know about your audience, the more effective you will be on your message. You must have a purpose and you need to inspire your audience through your visual design. When working to find the purpose, context, and your audience in a rhetorical situation, you need to ask yourself same question. According Kostelnick and Roberts, authors of Designing Visual Language, we need to ask those question; â€Å"Is the message call to action? Is the message intended to inform? Who the message directed to? And What is the purpose of the document and where it will be viewed?† When those questions have a clear answered then your visual rhetoric skills will be very meaningful. According to A Research Guide for Student, â€Å"the term visual rhetoric is closely linked to Semiotics, a science studying signs and meaning.† I learned that a can looking at a same image with someone else and it may mean something different for both of us. This is because we both can come from different culture or society, because of that situation, the author must choose his/her audience very carefully. This page show that visual rhetoric is become more significant everyday because society is contemporary increasing visual, and even if a text does not include any design or image, it still provides a visual image to the readers. Wikibooks see visual rhetoric as an intertextuality. Which work how an image has the same similarity with another image, that give visual a more important aspect to the world we are living in. That wikibooks page see objects in images represent something that we value in our society or something that have a meaning in our culture. They give an example of the American flag, how people see it as freedom in America. The term visual rhetoric varies culture to culture, you cannot judge someone prospective on a design. Red in an image can mean something in one country and mean something else in another country. The term visual rhetoric become more understandable to me because of all that I have learn throughout my research. How one image can have an infinite meaning because of the variation of culture and the way each person can examine the image. I also learn that when designing I need to know who my audience would be because that is one of the strength of visual rhetoric. How to cite Visual Rhetoric Research, Papers