Question 1
Your company has assigned you to work on a project plan for a new internal support system. This system will be expected to track financial aspects of your company’s existing and proposed projects.
In a 3–5-page proposal to the corporate management, complete the following:
- Explain how balance sheets, income statements, and cash flow statements would be used as inputs to diagnose the performance of a project and determine shareholder value.
- Note that your proposal would form the basis for developing an automated tracking support system.
- The balanced scorecard is a conceptual framework that incorporates operational and financial measurements of an organization. Explain how the balanced score card concept could be used in analyzing project cost performance.
- Deepen your discussion by illustrating with examples.
Question 2
In 1-2 pages, answer the following questions:
- What company will you research and what makes it interesting from an Operations Management perspective?
- What do you already know about this topic and what research questions do you expect to answer?
- What kinds of sources (for example, company website, annual report, government websites, and library articles) do you plan to use for research?
- Why are you interested in this topic?
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