Part 1The management of Health Supplement Inc wants to reduce its labor cost by âinstalling a new machine â,1. Given the information below on options 1 and 2, carry out a payback period analysis2. Make a recommendation on which way to proceed.Option 1: Purchasing Machine X would cost $18,000 and reduce annual labor cost by $3,000.Option 2: Purchasing Machine Y would cost $15,000 and reduce annual labor cost by $2,000.Given the information on option 1 âMachine Xâ , carry out Payback period analysis, the payback period for option 1 isa. 6 yearsb. 7.5 yearsc. 4 yearsd. 2 yearsWhich is the best machine to purchase according to the payback method?a.Machine Xb.Machine Yc. C. None of them is recommendedWhich of the following is true?Discounted cash flow analysis is the least precise of the cash flow techniques because it does not consider the time value of money.NPV is the least precise of the cash flow analysis echniques because it assumes reinvestment at the discount rate.NPV Payback period is the least precise of the cash flowAnalysis techniques because it does not consider the time value of money.Part 2A Team of 7 members that you coordinate as a Project Leader has been working well together, they are all in Tuckmanâs âperformingâ stage for over a month to design and implement a plan for the project. Unfortunately, the recent reorganization of your company has reassigned two of your team to another division. That ends by adding two new and fresh replacements to your team. That results in reverting your team to Tuckmanâs âstormingâ stage again. You as a team leader reorder the steps that you will take to help your team to work perfectly in your project.Reorder the following scenarios:Use several team meetings to direct the work of the team with the new members, ask if there is anything you can do to help the new members, and support their excitement about being new in your team.Continuously communicate with your team as well as articulate your vision. Work closely to monitor the performance of the entire team. Guide the entire team, incorporate any ideas and suggestions of all team members, encourage effective teamwork.Put them with other members of the team who can helpthem learn how to design and implement the project.Welcome the new members to the team, and take time to introduce the new team members to your original teammates.For each of the descriptions on the right, which of the following team structures are the best fit with each other?Match the right answer:The leader is primarily accountable for project successTop-down teamInterdisciplinary teamSuperstar-support teamâClassicâ team with a traditional boss and subordinatesTop-down teamInterdisciplinary teamSuperstar-support teamDecisions are typically made by the whole team Top-down teamInterdisciplinary teamSuperstar-support teamOne individual performs most of the central tasksTop-down teamInterdisciplinary teamSuperstar-support teamTaskStatusPlanning150/150Section 1 Build320/500Section 2 Build150/600Completion0/100Usethe project information above, and calculate the Current Earned Value?a. 45.9%b. 31%c. 62%d. 31.7%Usethe tasks below, create a precedence diagram, and then determine the duration needed to complete the tasks. TaskEstimated DurationDependenciesAConfirm # of Attendees5 MinStartBPrint Name Tags30 MinACSet Up Tables 30 MinADConfirm Catering10 MinAEPlace Table Linens20 MinCFPlace Name Tags10 MinB, EWhich path is the Critical Path?a. ADEFb. ABEFc. ACEFd. ABFPart 3Instructions:Step 1: Read the email from Geoff Thompson, CEO of Oasis Construction.Step 2: Read Appendix A: The asset/infrastructure requirements.Step 3: Watch Appendix B: Site visit report.Step 4: Match the PESTLE framework with identified risks.Step 1: Email from Geoff ThompsonFrom: Geoff Thompson CEO Oasis Construction, Texas Head Office
Sent: Monday, July 20, 2017 10.37 AM
To: You Project Manager, Budget Hotel Construction Division
Subject: Confidential â Western Savannah Luxury Hotel Project (Australia)
Importance: High-Hi,With a view to expand our portfolio internationally, we submitted a tender to the Western Australian state government to develop a high-quality eco-hotel in a remote northern region of the state called the Kimberley. The aim of the government is to develop and expand high-value tourism across remo
te areas of the state. I have just received notification that our company was awarded the construction contract by the Western Australian government.The executive team here at Oasis Construction has acknowledged the successes of your past projects, and as such we would like to offer you the role of projectmanager on this project. Although this assignment is very different to your usual role of managing our three-star budget traveler hotel construction projects in Texas, the Board has decided to expand Oasisâs offshore activities. We have full confidence in your ability to manage and oversee this projectsuccessfully.The brief:We have been informed that the hotel will have functional and luxurious elements catering to a wider variety of tourists visiting the region. The core hotel development will consist of 40 rooms including private swimming pools and other five-star facilities like an eco-spa. The construction of the hotel would be used to showcase the natural spectacle of the region without disrupting the natural ecosystem, with a focus on sustainable materials. Due to regulatory requirements, the hotel cannot exceed one level in height and should be constructed using sustainable materials that will not visually impact the natural scenery of the region. Specifications include rooms blended into the rocky gorges and include the fitting of glass ceilings to give full access to the magnificent starlit canopy at night.The Kimberley is a sparsely settled northern region known for vast wilderness demarcated by rugged ranges, dramatic gorges, and semi-arid savannah. The Gibb River Road runs 700 kilometers through the heart of the region, passing through several national parks, some of which have towering limestone cliffs and rock pools where freshwater crocodiles gather. This region has become a popular tourist attraction in Australia, despite the remoteness of the region.Your first activity is to undertake an early stage risk assessment for the project. The Board has requested that you develop a high-level risk register to present at their next meeting in 4 weeks. To assist you in this assignment, please find attached:Appendix A: Overview of infrastructure/assets to be constructedAppendix B: Some observations made during a pre-tender site visit conducted by our Business Opportunity Manager.Best regards,Geoff ThompsonCEO: Oasis Construction25 Millbend Road, The Woodlands, Texas, 75201e: [email protected] 3: Watch Appendix B: Site visit reporthttps://youtu.be/5iDWIa2KRG4Step 4: PESTLE frameworkRisks identifiedNow that you have a thorough understanding of the Western Savannah project, use this PESTLE framework to categories each of the identified risks. Match each identified risk into the corresponding part of the framework.Political stabilitySocial factorsLegal factorsTechnological factorsEnvironmental factorsPolitical factorsEconomic factorsVarious demographicsSocial factorsLegal factorsTechnological factorsEnvironmental factorsPolitical factorsEconomic factorsGovernmental influenceSocial factorsLegal factorsTechnological factorsEnvironmental factorsPolitical factorsEconomic factorsThe analysis of the environmentSocial factorsLegal factorsTechnological factorsEnvironmental factorsPolitical factorsEconomic factorsEmployment lawsSocial factorsLegal factorsTechnological factorsEnvironmental factorsPolitical factorsEconomic factorsCost of livingSocial factorsLegal factorsTechnological factorsEnvironmental factorsPolitical factorsEconomic factorsNational and international lawsSocial factorsLegal factorsTechnological factorsEnvironmental factorsPolitical factorsEconomic factorsImpending and current legislationSocial factorsLegal factorsTechnological factorsEnvironmental factorsPolitical factorsEconomic factorsInterest ratesSocial factorsLegal factorsTechnological factorsEnvironmental factorsPolitical factorsEconomic factorsAwareness of seasonal changeSocial factorsLegal factorsTechnological factorsEnvironmental factorsPolitical factorsEconomic factorsEnvironment regulationsSocial factorsLegal factorsTechnological factorsEnvironmental factorsPolitical factorsEconomic factorsInflationSocial factorsLegal factorsTechnological factorsEnvironmental factorsPolitical factorsEconomic factorsCultural aspectsSocial factorsLegal factorsTechnological factorsEnvironmental factorsPolitical factorsEconomic factorsCompatibility with the technologiesSocial factorsLegal factorsTechnological factorsEnvironmental factorsPolitical factorsEconomic factors