Explain the earned value measurement system and whether you believe that Franklin Electronics truly understands it.

1. Explain the earned value measurement system and whether you believe that Franklin Electronics truly understands it.

2. Analyze the cost projections completed by Franklin Electronics. Reconstruct the cost projections toward the compilation of a realistic project budget. Include a theoretical discussion around the steps involved in the budget that you built.

3. Create a project management schedule that would be more effective than the one proposed in the case. Use scheduling techniques learned in this class to date. Include an assessment of why you selected this scheduling technique instead of others.

4. Evaluate sources of project risk, and develop strategies that would decrease the impact of these risks.

In formatting your case analysis, do not use the question-and-answer format; instead, use an essay format with subheadings. Your APA-formatted case study should be a minimum of two full pages in length (not counting the title and reference pages). You are required to use a minimum of three academic sources that are no more than 5 years old (one may be your textbook). All sources used, including the textbook, must be referenced; paraphrased material must have accompanying in-text citations. A minimum of three in-text citations are required.

1. Explain the earned value measurement system and whether you believe that Franklin Electronics truly understands it.

2. Analyze the cost projections completed by Franklin Electronics. Reconstruct the cost projections toward the compilation of a realistic project budget. Include a theoretical discussion around the steps involved in the budget that you built.

3. Create a project management schedule that would be more effective than the one proposed in the case. Use scheduling techniques learned in this class to date. Include an assessment of why you selected this scheduling technique instead of others.

4. Evaluate sources of project risk, and develop strategies that would decrease the impact of these risks.

In formatting your case analysis, do not use the question-and-answer format; instead, use an essay format with subheadings. Your APA-formatted case study should be a minimum of two full pages in length (not counting the title and reference pages). You are required to use a minimum of three academic sources that are no more than 5 years old (one may be your textbook). All sources used, including the textbook, must be referenced; paraphrased material must have accompanying in-text citations. A minimum of three in-text citations are required.

Pareto Analysis And Business Process Flow Charting Practice

Activity: Pareto Analysis and Business Process Flow Charting Practice

This activity consists of two problems.

Problem One

Gary Seitz is director of procurement for the Forest Medical Center in Oak Park, Illinois. His medical center recently purchased more than 300 new side tables for the patient rooms from Quick-and-Cheap Furniture. His team, however, is not happy with the paint quality of these tables. They feel the firm providing the tables was rushed to get the order out and did not do a great job.They have examined each of the 312 tables that they have received so far and found the following defects, listed in alphabetical order:  Table DefectsProblemNumber of OccurrencesDirt in paint65Off-color17Orange peel12Other1Sad looking43Scratch11Sealer under8Thin paint31

Instructions

Use Excel to:

  1. Create a Pareto Chart for this situation.
  2. Create and complete a table for this situation using the following headers:
    • Problem.
    • Frequency.
    • Cumulate Frequency.
    • Percentage.
    • Cumulate Percentage.
  3. List the most frequently occurring problem first in the table, then the next more frequently occurring problem second in the table, and so forth.

In a Word document:

  1. Draw two conclusions about the quality of the patient tables that Quick Furniture has shipped to the Forest Medical Center.

Submit both your Word and Excel files.

Problem Two

Ted Short, manager of procurement at the Lake Luna Medical Center (LLMC), is starting a process to examine at the general process that is followed at his center for procurement of medical supplies at his facility. His first step is to develop a flowchart for the current process that employees at his center follow. He has asked you to draw that flowchart for him and make any obvious changes to shorten the process.Here are the key steps that are followed:

  1. The LLMC employee fills out a paper requisition and sends that to his department head for approval.
  2. The department secretary first examines the requisition to see if all needed information is present. If it is, then she sends to the department head for approval. If not, she returns to the employee for any needed corrections. The employee then returns the requisition to the department secretary for review again.
  3. Requisitions with the correct information are sent to the department head.
  4. The department head reviews the item to determine if the material requested seems appropriate. He may contact his employee to discuss any questions he might have.
  5. If he feels it is inappropriate, then he rejects the request and sends it back to the employee.
  6. If he feels it is appropriate, then he checks the budget to see if there are sufficient monies in the budget to pay for this.  If there are not, then he rejects the request and sends it back to the employee.  If there are sufficient funds, then he approves them.
  7. If the requisition is approved, then the department secretary sends the requisition to a member of the LLMC Procurement Team.
  8. The LLMC procurement specialist checks to see if the suggested vendor on the requisition is on the approved vendor list (AVL).
  9. If not, he sends the request back to the department secretary and the process starts all over if the LLMC employee wants to continue to pursue it.  If the employee does not, then the requisition is terminated.
  10. If the vendor is on the AVL, the LLMC procurement specialist checks to see if a quote is required, either based on the type of equipment and material required or on the amount of the purchase.
  11. If no quote is required, the procurement specialist transmits the PO to the vendor for execution.
  12. If a quote is required, then the specialist contacts the vendor and asks for a quote. If the quote is satisfactory based on past purchases of such items, the specialist approves the quote and places the order.
  13. If the quote is too high, the specialist contacts the LLMC employee and asks for another vendor to check. The procurement specialist then checks the second vendor. Usually, a procurement specialist will have to check only two vendors at most.
  14. If the specialist cannot find a vendor with it suitable price after two tries, then the PO is cancelled.
  15. When the specialist finds a vendor who submits a suitable quote, the transmits the PO to the vendor for execution by US postal service or by telephone.
  16. The procurement specialist then logs the transaction into the financial system.
  17. The procurement specialist then forwards the request to the Accounts Payable Department for payment when the receipt of the materials and equipment ordered, if acknowledged.
Instructions

Use Microsoft Word to complete the following:

  1. Develop a flowchart for this process.
  2. Suggest three improvements, based on total quality management, that Ted Short can use to make the current process more efficient.

Submit your Word document(s).

“Open Educational Resource

Perform an Internet search to find a specific diversity policy for an organization. What is the policy? From what you know of the organization, do you believe they follow this policy in reality?

Exercise Instructions:  You are required to submit a 2-Page (Title Page and Content Page), APA formatted paper with substantial content. Substantial content requires staying on topic and fully addresses the assignment in a clear, concise, and meaningful manner. The deliverable length of your posting responses must be at least 2-pages, (Title Page and Content Page) APA format.

Exercises must be the students original thoughts based on the topics from the “Open Educational Resource” (OER) Course Textbook and/or other referenced sources.  Direct quotes from references must be less than 20 words.  Please review for sentence structure, grammar and punctuation errors.  Plagiarized submissions may result in a “0” for the submission.  

Late submissions will be deducted 5 points.

All assignment(s) derive from the OER Textbook.  For academic purposes, at least 1 APA formatted reference is required pertaining to the topic(s).

Perform an Internet search to find a specific diversity policy for an organization. What is the policy? From what you know of the organization, do you believe they follow this policy in reality?

Exercise Instructions:  You are required to submit a 2-Page (Title Page and Content Page), APA formatted paper with substantial content. Substantial content requires staying on topic and fully addresses the assignment in a clear, concise, and meaningful manner. The deliverable length of your posting responses must be at least 2-pages, (Title Page and Content Page) APA format.

Exercises must be the students original thoughts based on the topics from the “Open Educational Resource” (OER) Course Textbook and/or other referenced sources.  Direct quotes from references must be less than 20 words.  Please review for sentence structure, grammar and punctuation errors.  Plagiarized submissions may result in a “0” for the submission.  

Late submissions will be deducted 5 points.

All assignment(s) derive from the OER Textbook.  For academic purposes, at least 1 APA formatted reference is required pertaining to the topic(s).

Business Management Questions

Please review all the videos, they are not that long, and for the most part quite interesting.

the videos:

https://www.youtube.com/watch?v=8kTo0lcZcRg

question 1:

1. Identify 3-5 things that you learned that managers should do when increasing their team management skills and behaviors

2. Groupthink: This can be a silent but deadly issues with teams that seem to getting along too well – so, how will you prevent this from happening if you are a manager, or even if you are just a team member, what can you do to ensure that good team cohesiveness doesn’t lead to groupthink over time?

 

question 2:

Complete and score the team leadership skills Self-Assessment on pg. 411-412, CH 17 in your textbook.  Based on your scoring what are your strongest dimensions of team leadership and what are your lower areas that may need improvement.

1. What can you continue to do to maintain and even build on your team dimension strengths?

2. What can you do to improve upon some of your team dimension areas that need improvement ?

 

question 3:

Please read the analysis section on pg 395, CH 17 of your textbook, “Unproductive Meetings are Major Time Wasters.”

1.  What are your thoughts regarding the data presented on team meetings – have you had this same experience sitting in team meetings in a work, volunteer or class team, if so, what did you think about that experience?

2 Since we know many team meetings tend to be ineffective time wasters – what can you do to ensure as a manager or even a contributing member of a team to ensure that team meetings are more productive for you and everyone on the team?

 

question 4:

Please read pg 398, CH 17 in your textbook, “Creating Disharmony to Build a Better Team,” and then answer:

1. Given your own experience and observation of other teams, do you think team leaders/managers and other team members should accommodate superstars on the team, or is doing this going to be to problematic to keeping a team together (remember most team members in work don’t make millions of dollars like Michael Jordan and his teammates) – Please share your thoughts, share your own relevant team examples to support your ideas.

 

Discuss Entrepreneur Risks

Discuss Entrepreneur Risks

The entrepreneurial process involves the pursuit of a new venture, such as new products or new companies. The individuals that undertake this process must possess unique characteristics, abilities, and backgrounds. These individuals must also be willing to accept the possibility of failure as they take on risks that others avoid. Consider the risks that are particular to entrepreneurs and how they can be dealt with.

Based on your reading for this week:

What risks do you see in becoming an entrepreneur, and how will you mitigate these risks?

With these thoughts in mind:

Due by Wednesday April 13, 2016 a 300-400 statement that discusses risks entrepreneurs face and how to mitigate these risks.

 

Support your work with specific citations from the Learning Resources. You are allowed to draw from additional sources to support your argument, but you must cite using APA standards. All quoted material must be identified, cited, and referenced per APA standards.

Explain how delivering bad-news messages impact credibility.

The entrepreneurial process involves the pursuit of a new venture, such as new products or new companies. The individuals that undertake this process must possess unique characteristics, abilities, and backgrounds. These individuals must also be willing to accept the possibility of failure as they take on risks that others avoid. Consider the risks that are particular to entrepreneurs and how they can be dealt with.

Based on your reading for this week:

What risks do you see in becoming an entrepreneur, and how will you mitigate these risks?

With these thoughts in mind:

Due by Wednesday April 13, 2016 a 300-400 statement that discusses risks entrepreneurs face and how to mitigate these risks.

 

Support your work with specific citations from the Learning Resources. You are allowed to draw from additional sources to support your argument, but you must cite using APA standards. All quoted material must be identified, cited, and referenced per APA standards.

Discuss The average Medicare rate

Week 3 HLTH420 IP Assignment due Sunday 5.15.16 w/attachment included:

Your facility has the following payer mix:
40% commercial insurances
25% Medicare insurance
15% Medicaid insurance
15% liability insurance
5% all others including self-pay

Write a 3-4 page report that addresses the following requirements:

Assume that for the time in question you have 2000 cases in the proportions above. (what are the proportions of the total cases for each payer?)
The average Medicare rate for each case is $6200- use this as the baseline. Commercial insurances average 110% of Medicare, Medicaid averages 65% of Medicare, Liability insurers average 200% of Medicare and the others average 100% of Medicare rates. (what are the individual reimbursement rates for all 5 payers?)
  1. What are the expected rates of reimbursement for this time frame for each payer? What is your expected A/R?
  2. What rate should you charge for these services (assuming one charge rate for all payers)? (This gives you your total A/R.) Calculate the total charges for all cases based on this rate.
  3. What is the difference between the two A/R rates above? Can you collect it from the patient? What happens to the difference?
  4. Which of these costs are fixed? Which are variable? Direct or indirect?
    • materials/supplies (gowns, drapes, bedsheets)
    • Wages (nurses, technicians)
    • Utility, building, usage exp (lights, heat, technology)
    • Medications
    • Licensing of facility
    • Per diem staff
    • Insurances (malpractice, business etc.)
  5. Calculate the contribution margin for one case (in $) with the following costs for this period, per case: a. materials/supplies: $2270 b. Wages: $2000 c. Utility, building, usage exp: $1125 d. Insurances (malpractice, business etc.): $175
  6. Using the above information, determine which is fixed and which cost is variable. Then calculate the breakeven volume of cases in units for this period.
  7. Suppose you want to make $150,000 profit between this period and next period to fund an expansion to the NICU, how many cases would you have to see? At what payer mix would this be optimal?

Your assignment will be graded in accordance with the following criteria. Click here to view the grading rubric.

Please submit your assignment.

Instructions/Calculations for IP 3

Week 3 HLTH420 IP Assignment due Sunday 5.15.16 w/attachment included:

Your facility has the following payer mix:
40% commercial insurances
25% Medicare insurance
15% Medicaid insurance
15% liability insurance
5% all others including self-pay

Write a 3-4 page report that addresses the following requirements:

Assume that for the time in question you have 2000 cases in the proportions above. (what are the proportions of the total cases for each payer?)
The average Medicare rate for each case is $6200- use this as the baseline. Commercial insurances average 110% of Medicare, Medicaid averages 65% of Medicare, Liability insurers average 200% of Medicare and the others average 100% of Medicare rates. (what are the individual reimbursement rates for all 5 payers?)
  1. What are the expected rates of reimbursement for this time frame for each payer? What is your expected A/R?
  2. What rate should you charge for these services (assuming one charge rate for all payers)? (This gives you your total A/R.) Calculate the total charges for all cases based on this rate.
  3. What is the difference between the two A/R rates above? Can you collect it from the patient? What happens to the difference?
  4. Which of these costs are fixed? Which are variable? Direct or indirect?
    • materials/supplies (gowns, drapes, bedsheets)
    • Wages (nurses, technicians)
    • Utility, building, usage exp (lights, heat, technology)
    • Medications
    • Licensing of facility
    • Per diem staff
    • Insurances (malpractice, business etc.)
  5. Calculate the contribution margin for one case (in $) with the following costs for this period, per case: a. materials/supplies: $2270 b. Wages: $2000 c. Utility, building, usage exp: $1125 d. Insurances (malpractice, business etc.): $175
  6. Using the above information, determine which is fixed and which cost is variable. Then calculate the breakeven volume of cases in units for this period.
  7. Suppose you want to make $150,000 profit between this period and next period to fund an expansion to the NICU, how many cases would you have to see? At what payer mix would this be optimal?

Your assignment will be graded in accordance with the following criteria. Click here to view the grading rubric.

Please submit your assignment.

Instructions/Calculations for IP 3

Discuss on Business Formation

1. Which of the business entities under consideration best accomplishes her business goals? Thoroughly explain the reasons for your recommendations.

2. Which of the interested persons she should include in her business, in what role(s), and why? Your analysis must include Biblical perspectives, such as Biblical considerations of marriage, and business relationships with non-believers. Thoroughly explain the reasons for your recommendations.

1. Which of the business entities under consideration best accomplishes her business goals? Thoroughly explain the reasons for your recommendations.

2. Which of the interested persons she should include in her business, in what role(s), and why? Your analysis must include Biblical perspectives, such as Biblical considerations of marriage, and business relationships with non-believers. Thoroughly explain the reasons for your recommendations.

Discuss on Business Managment

A well-developed, complete worldview analysis of the situation requires more than simply adding a Bible verse at the end of the post. Each thread and each reply must include at least 1 verse from Scripture, quoted and applied as an integral part of the discussion of the applicable issues in the context of a Biblical worldview. A well-developed, complete worldview analysis of the situation requires more than simply adding a Bible verse at the end of the post. Each thread and each reply must include at least 1 verse from Scripture, quoted and applied as an integral part of the discussion of the applicable issues in the context of a Biblical worldview. 

Why do you think the fashionista segment pays such high prices for designer clothing with the knowledge that it will be passé after the current season?

Why do you think the fashionista segment pays such high prices for designer clothing with the knowledge that it will be passé after the current season?

Discussion 5.2

If you were to take your company global, which three countries would be your first targets and why? What kinds of strategies and products fit with those countries’ segments of customers?

Discussion 6.1

If you had to reach a customer segment of “tweens” (kids between 8 and 12 years old), which medium would you choose? What about for men in their 30s? Women in their 60s? In which medium would you advertise if you ran one of your city’s performing arts centers?

Discussion 6.2

Download ads from your favorite websites, or rip up your favorite magazine, and classify any five ads according to whether you think they’re aiming to achieve a cognitive, emotional, or behavioral goal. Which ad do you like the most? Did any stimulate you to learn more about the brand?

Writing Assignment 5.1

Chapter 10: Mini-Case Starbucks Fair Trade Line

Writing Requirements

  • 3–5 pages in length  (excluding cover page, abstract, and reference list)

Case Study 6.1

Chapter 12: Mini-Case Where Should We Place Our Ad?

Writing Requirements

  • 3–5 pages in length  (excluding cover page, abstract, and reference list)

Why do you think the fashionista segment pays such high prices for designer clothing with the knowledge that it will be passé after the current season?

Discussion 5.2

If you were to take your company global, which three countries would be your first targets and why? What kinds of strategies and products fit with those countries’ segments of customers?

Discussion 6.1

If you had to reach a customer segment of “tweens” (kids between 8 and 12 years old), which medium would you choose? What about for men in their 30s? Women in their 60s? In which medium would you advertise if you ran one of your city’s performing arts centers?

Discussion 6.2

Download ads from your favorite websites, or rip up your favorite magazine, and classify any five ads according to whether you think they’re aiming to achieve a cognitive, emotional, or behavioral goal. Which ad do you like the most? Did any stimulate you to learn more about the brand?

Writing Assignment 5.1

Chapter 10: Mini-Case Starbucks Fair Trade Line

Writing Requirements

  • 3–5 pages in length  (excluding cover page, abstract, and reference list)

Case Study 6.1

Chapter 12: Mini-Case Where Should We Place Our Ad?

Writing Requirements

  • 3–5 pages in length  (excluding cover page, abstract, and reference list)