You are the new consultant to the project manager for a large chicken project. During your first meeting with the project manager he brings you up to speed on the project status by showing you these S-curves
You glance at the graph, compose your thoughts, and make what comments on this project?
The solid line, representing the cumulative actual expenses, stops at the end of the 6th month, meaning that the project is probably at the end of the 6th month or in the 7th month with no figures yet reported. Another possibility is that the project was abandoned, but if you're having this meeting about it, chances are that it is still a viable concern. Finally, the project could be done, but again, this is unlikely if you're being brought in to consult at this stage.
The project has been performing poorly with respect to budget. From the beginning, the variance has been positive and seems to be increasing as the project progresses. This may be the result of every single activity costing more than estimated or a common thread such as labor or transportation costs that weaves through every activity that costs more than estimated. Other explanations include that the project was purposely underestimated so it would be approved or that the budget was cut by someone not closely associated with its planning or execution.
You can't reliably comment on when the project will finish; it may be performing badly on the time-phased budget because actual work is ahead of schedule. For this reason you can't say the project will end in an over-budget situation.
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a. The traits or behaviors that may contribute to a manager's being an effective leader in one situation might result in the same manager being ineffective leader in another situation. b. Trait models of leadership focus on consideration and initiating structure. c. An effective army general may not be an effective university president. d. Given the wide variety of situations in which leadership occurs, what makes a manager an effective leader in one situation is not necessarily what that manager needs to be equally effective in a different situation. e. Contingency models of leadership take into account the situation, i.e., the context within which leadership occurs
Which of the following is true of the financial metrics used to gauge a product's performance in the market?
A) They report important ratios for profits, costs, and assets. B) They provide insight into how the business or product is performing in the market. C) They include measures of marketing performance, such as customer satisfaction, retention, and loyalty. D) They allow a company to estimate its market share and customer value. E) They are mainly external metrics of a product's performance in a particular market.