15 Mar Project VIM component parts.
For the calculation section, complete the attached Excel template or a similar one. Post your answers in the Excel file.
For the written essay section, submit a paper that is 2 pages long
APA FORMAT
Option #1: Make or Buy
The PMP Certification Exam may include Make or Buy Analysis questions. Although it’s not the only reason for learning this material, this assignment helps prepare you for that type of question on the exam. The assignment is relevant whether you plan to take the PMP exam, have already passed the exam, or have no plans to take the exam.
The calculation part of the question requires only addition and multiplication. Start by reading the scenario and then answer the questions below.
Scenario:
You are the project manager on Project VIM, which is building a new printer, scanner, copier, and fax machine from various component parts. One of the component parts for the VIM product is currently available from a supplier for $115,000 for the 5,000 units you need. You took over for a prior project manager who only allocated $90,000 for this component. This means that you will exceed your project budget if you purchase the VIM component units from this supplier.
You reach out to your in-house manufacturing group and find that you can produce these 5,000 units in-house, within a time frame that fits the project timeline. The manufacturing group indicates that there is a one-time charge of $3,000 for setting up the production line. The material and labor cost will be $12 per unit if the firm manufactures the product in-house. You also learn that since this is a new set-up (which is using old equipment), the in-house manufacturing team estimates the following defects percentages, as well as the probability of those defects occurring:
Defect % 0 25 35 40
Probability of occurrence (%) 10 60 20 10
The replacement cost for defective components made in-house is $30 per defective unit.
Calculate the following (using the Excel Template linked below):
Total material costs
Expected number of defective units at each defect percentage (%)
Cost of replacing defective units at each defect percentage (%)
Material costs plus cost of replacing defective units at each defect percentage (%)
The probability of cost for the defect percentage (%) levels
Expected value of “making” components in-house
Address the following in a written essay:
Using the expected value, present your recommendation to make or buy the Project VIM component parts.
Will you need to issue a change request for additional money on your project? If so, for how much; and, if not, why not? What reasons do you think management might use to opt for the less economical choice?
Submission:
For the calculation section, complete the attached Excel template or a similar one. Post your answers in the Excel file.
For the written essay section, submit a paper that is 2 pages long. Include a minimum of two scholarly references, in addition to any course textbooks or lecture material you decide to use. The CSU-Global Library is a good place to find these sources. Format your entire paper according to the CSU-Global Guide to Writing & APA (Links to an external site.). You will also find an APA template for writing a paper on the Library site.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Wridemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.