Tag: Financial Accounting

  • [Solved] Week 6-Discussion 1

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    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management) **Leadership In Practice- A Real-World View** Throughout this course, you have examined theories and styles of leadership in business settings. You have explored the characteristics and behaviors of effective …

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    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management)

    **Leadership In Practice- A Real-World View**

    Throughout this course, you have examined theories and styles of leadership in business settings. You have explored the characteristics and behaviors of effective leaders and followers and the ways in which both roles are critical for a business’s success. You have also engaged in critical reflection to examine your own ethics, values, and principles to derive your own leadership perspectives and behaviors, including how you will use your leadership to be an agent for positive social change. For the final Discussion of the course, you will choose a leader from your professional career and compare their leadership style and traits to the many topics and issues presented throughout the course.

    **To prepare for this Discussion:**

    · Identify a person from your professional career (past or present) whom you consider to be a great leader.

    · Consider the following for your selected leader:

    o What has this individual accomplished in their career as a leader?

    o In what ways is/was this individual’s leadership effective?

    o What level of emotional intelligence does/did this leader exhibit, if any?

    o Does/Did this leader demonstrate inclusiveness in their leadership style? Are you able to see this person’s purpose and passion in their leadership?

    **Post** your evaluation of your assigned leader’s impact on a business by addressing the following:

    · Describe the individual leader you identified, including any relevant professional background.

    · Evaluate your selected leader’s leadership and management skills for each of the following prompts. Additionally, be sure to include a rationale to justify your posts. ( **Hint:** The answer should not be “because they have done well.” Your evaluation should link leadership and management skills you have examined throughout the course to specific examples of their successes or challenges.)

    o Explain whether you think this individual is/was an effective leader. (Include your rationale.)

    o Does/Did this leader exhibit emotional intelligence? (Include your rationale.)

    o Would you consider this individual an ethical leader? (Include your rationale.)

    o Do/Did they practice inclusive leadership? (Include your rationale.)

    o What sustainability initiatives is/was this leader driving? (Include your rationale.)

    · What lessons can you learn from this individual? Explain the implications such lessons can have on your career as a leader and as a manager.

    – [\
    \
    Week6LearningResources.docx](https://www.sweetstudy.com/files/week6learningresources-docx-10278135 "Week6LearningResources.docx")

    – a year ago

  • [Solved] Tourism

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    Executive Solution Overview

    [>Economics homework help](https://www.sweetstudy.com/fields/business-finance-economics) Please see attachment for instructions. – a year ago **files (1)** – ## Untitleddocument17.pdf **## Untitleddocument17.pdf** · Let's assume that you work for a tour operator company who will be in charge of an “…

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    Assignment Prompt & Instructions

    [>Economics homework help](https://www.sweetstudy.com/fields/business-finance-economics)

    Please see attachment for instructions.

    – a year ago

    **files (1)**

    – ## Untitleddocument17.pdf

    **## Untitleddocument17.pdf**

    · Let's assume that you work for a tour operator company who will be in charge of
    an “inbound international group” coming to SF Bay Area in Spring 2025.

    · The Group will be coming from overseas the app. size is 200 medical doctors
    and some will have their spouses.

    · The total duration of the package is 5 days and 4 nights

    · You are asked to prepare a package including lodging, transportation and
    meeting arrangement details (including venue where it will be held etc…) social hours
    and other attractions. (Be creative and give options)

    · What factors you should consider? What did you learn from what happened
    during the last 5 years in the tourism industry?

    · By considering what you have learned up to now and by doing some research on
    the internet or similar resources considering the new changes in our industry and come
    up with a Package (MAXIMUM 2 PAGES – PREFERABLY a TABLE) including:

    – A package which will include Transfers from / to airport

    – Lodging for 4 nights.

    – Meeting and the extras including which venue to select, lunch / dinner, coffee
    break and etc..

    – After hour programs, day trips etc..

    – An estimated price per person?

    Please consider different needs of the group while proposing the package. Use
    resources to justify your package. Check web for itinerary examples or daily hotel fees.

    **## Untitleddocument17.pdf**

    · Let's assume that you work for a tour operator company who will be in charge of
    an “inbound international group” coming to SF Bay Area in Spring 2025.

    · The Group will be coming from overseas the app. size is 200 medical doctors
    and some will have their spouses.

    · The total duration of the package is 5 days and 4 nights

    · You are asked to prepare a package including lodging, transportation and
    meeting arrangement details (including venue where it will be held etc…) social hours
    and other attractions. (Be creative and give options)

    · What factors you should consider? What did you learn from what happened
    during the last 5 years in the tourism industry?

    · By considering what you have learned up to now and by doing some research on
    the internet or similar resources considering the new changes in our industry and come
    up with a Package (MAXIMUM 2 PAGES – PREFERABLY a TABLE) including:

    – A package which will include Transfers from / to airport

    – Lodging for 4 nights.

    – Meeting and the extras including which venue to select, lunch / dinner, coffee
    break and etc..

    – After hour programs, day trips etc..

    – An estimated price per person?

    Please consider different needs of the group while proposing the package. Use
    resources to justify your package. Check web for itinerary examples or daily hotel fees.

  • [Solved] Managerial Accounting

    ✓ Verified Academic Solution Available

    Executive Solution Overview

    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management) See attached- Journal – a year ago – 22.5 **files (3)** – ## Unit4managerialacctstudyguide.pdf – Unit4ch7pdf.pdf – Unit4ch8pdf.pdf **## Unit4managerialacctstudyguide.pdf** ACC 3301, Managerial Accounting 1 Cou…

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    Have this question answered from scratch according to your specific instructions and deadline.

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    Assignment Prompt & Instructions

    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management)

    See attached- Journal

    – a year ago
    – 22.5

    **files (3)**

    – ## Unit4managerialacctstudyguide.pdf

    – Unit4ch7pdf.pdf
    – Unit4ch8pdf.pdf

    **## Unit4managerialacctstudyguide.pdf**

    ACC 3301, Managerial Accounting 1

    Course Learning Outcomes for Unit IV

    Upon completion of this unit, students should be able to:

    7. Analyze problems in managerial decision-making regarding cost planning and control.
    7.1 Demonstrate how incremental analysis is used in managerial decision-making.
    7.2 Discuss various factors managers must consider when setting prices for products.

    Required Unit Resources

    Chapter 7: Incremental Analysis—Read the following sections:

    • Decision-Making and Incremental Analysis
    • Special Orders
    • Make or Buy
    • Sell or Process Further
    • Repair, Retain, or Replace Equipment
    • Eliminate Unprofitable Segment or Product

    Chapter 8: Pricing—Read the following sections:

    • Target Costing
    • Cost-Plus and Variable-Cost Pricing
    • Time-and-Material Pricing
    • Transfer Prices

    In order to access the following resources, click the links below.

    Chapter 7 PowerPoint Presentation
    PDF of Chapter 7 Presentation

    Chapter 8 PowerPoint Presentation
    PDF of Chapter 8 Presentation

    Unit Lesson

    Introduction

    In Unit III, we focused mainly on the activity-based costing and cost-volume-profit analysis. In this unit, we will
    shift our studies to incremental analysis and pricing. A manager has many tasks to do in their daily job. Some
    of these tasks involve evaluating different options and choosing the best one based on cost factors. When
    was the last time you had to decide between making dinner or going out to eat? When is the last time you had
    to choose between buying a new car or getting your current one repaired? These are just a few examples of
    how we are faced with incremental analysis decisions.

    Relevant Costs

    The key to making such decisions is understanding the differences between relevant and non-relevant costs.
    Opportunity costs represent the benefit that could have been obtained by pursuing an alternative course of
    action. For instance, assume that you give up a summer job that pays $5,000 and instead take summer
    classes. The $5,000 would be viewed as an opportunity cost of attending summer school. Even though

    UNIT IV STUDY GUIDE
    Incremental Analysis and Pricing

    [https://online.columbiasouthern.edu/bbcswebdav/xid-150482616_1](https://online.columbiasouthern.edu/bbcswebdav/xid-150482616_1)

    [https://online.columbiasouthern.edu/bbcswebdav/xid-150483056_1](https://online.columbiasouthern.edu/bbcswebdav/xid-150483056_1)

    [https://online.columbiasouthern.edu/bbcswebdav/xid-150482618_1](https://online.columbiasouthern.edu/bbcswebdav/xid-150482618_1)

    [https://online.columbiasouthern.edu/bbcswebdav/xid-150483057_1](https://online.columbiasouthern.edu/bbcswebdav/xid-150483057_1)

    ACC 3301, Managerial Accounting 2

    UNIT x STUDY GUIDE
    Title

    opportunity costs are not recorded in a company’s accounting records, they are important issues to consider
    in business decisions. Unfortunately, they are sometimes not known at the time the decision is made.

    Sunk costs, on the other hand, represent costs that have already been incurred and cannot be changed by
    future actions. For instance, a company’s investment in a canned foods warehouse is a sunk cost. This cost
    will not change regardless of whether the company rents out the warehouse, continues operations, or decides
    to let the building go vacant. The only costs relevant to a decision are those that vary among the courses of
    action being considered. Sunk costs are not considered relevant since they cannot be changed, regardless of
    what decision is made.

    When it comes to incremental analysis, there are many decisions to be considered. For instance, special
    order decisions occur when a company receives large special orders to provide goods at less than regular
    price. Most of the time, these orders are not from a company’s regular customers. The relevant costs in this
    type of decision are the incremental revenues that will be earned and the incremental costs that will be
    incurred by accepting the order. Incremental analysis is a useful tool in evaluating the effects of expected
    short-term changes in revenue and costs. Managers should always be alert, however, to the long-run
    implications of their actions.

    Another type of incremental analysis involves make-or-buy decisions. In many manufacturing firms, the
    company must decide whether to make a certain part required in the assembly of a good or buy the part from
    outside suppliers. If the company is currently producing a part that could be purchased at a lower cost from
    outsiders, profits may be increased by a decision to buy the part and utilize the company’s own manufacturing
    resources for other purposes.

    View the following video by accessing the Unit IV Additional Unit Resources folder in the unit.

    To learn more about how to use incremental analysis for a make-or-buy decision, please view the Applied
    Skills Video: How to Use Incremental Analysis Related to Make or Buy, and Consider Opportunity Cost video.
    Once you click on the link, closed captioning can be accessed by clicking the “CC” button on the bottom right
    of the video window, and a transcript can be accessed by clicking the “T” button next to the “CC” button.

    Additionally, a common issue companies face is what to do with obsolete or defective products. Management
    must decide whether to devote the resources to rebuild these units, sell them at a reduced price, or simply
    scrap them. In the aviation industry, it is common for companies to rework parts that are found to be defective
    instead of purchasing new ones. It certainly reduces overall manufacturing costs and overall waste.

    Joint Product Decisions

    Many firms produce multiple products from common raw materials and a shared production process.
    Examples include oil refineries, lumber and steel mills, and meat processing companies. Products resulting
    from a shared manufacturing process are termed joint products, and the manufacturing costs that relate to
    these products as a group are called joint costs. In such manufacturing processes, two business issues arise.
    One is how to allocate joint costs among the various types of products manufactured. The other type of
    decision is whether some types of products should be processed further to create an even more valuable
    finished good.

    What are joint costs? Assume that Daisy Co. mixes together milk and cream. After joint manufacturing costs
    of $3,000 have been incurred, this mixture separates into two viable products: ice cream and whipping cream.
    How is the $3,000 in joint costs allocated between these products? While there is no right or wrong way to
    allocate the joint costs, the most commonly used method is in proportion to the relative sales value of the
    products produced.

    Once joint costs can be separated, they have reached what is called the split-off point. At this point, each
    product may be sold independently of the other, or it may be processed further. When we consider the Daisy
    Co. example, the company may sell its ice cream and whipping cream after the split-off point without further
    processing, or it may continue processing either of the products further. The decision of whether to sell the ice
    cream and whipping cream or to continue processing them into something else is based on the incremental
    costs and revenue expected after the split-off point.

    ACC 3301, Managerial Accounting 3

    UNIT x STUDY GUIDE
    Title

    To learn more about joint product costs and the split-off profit, please view the video below. A transcript and
    closed captioning are available once you access the video.

    Joint Product Costs and the Splitoff Point video

    Pricing

    What type of pricing decisions are involved in managerial accounting? We all know that setting the price for a
    company’s product or service is a very significant decision. It is also a very difficult process to manage due to
    the number and variety of influences involved. The pricing decision arises in virtually all types of
    organizations. Manufacturers set prices for the products they manufacture while merchandising firms set
    prices for their goods. Service firms also establish prices for the services they provide, such as movie tickets,
    hair salons, and insurance policies. Pricing a product or service that a company has sold for a long time may
    be quite different from pricing a new product or service. Public utilities and cable companies face political
    issues in pricing their products and services because their prices must adhere to certain governmental
    regulations.

    There are several ways to price a product. Managers must rely on a quick and straightforward method for
    setting prices through cost-based pricing formulas. Even though market considerations may determine the
    final product price, a cost-based pricing formula gives the manager a place to start. Most importantly, the cost
    of a product or service provides a floor below which the price cannot be set in the long run. Although a
    product may be initially set below cost, a product’s price ultimately must cover its costs in order for the firm to
    remain in business. Even a nonprofit organization cannot forever price products or services below their costs.

    Cost-plus pricing is based on the initial cost of a product or service plus a markup percentage that is applied
    to it. The markup used would be based on all built-in costs plus a certain margin level that would cover excess
    expenses related back to the company. The cost-plus method can be used effectively within an organization
    as long as careful consideration is given to the cost factors built into the initial product or service. It is
    imperative that price-setting managers understand that ultimately the price must cover all costs and normal
    profit margin. Cost-plus pricing formulas establish a starting point in setting prices. Then, the price setter must
    weigh market conditions, likely actions of competitors, and general business conditions. Thus, price setting
    requires a constant interplay of market considerations and cost awareness.

    Alternatively, target costing is the process of determining the maximum allowable cost for a new product and
    then developing a prototype that can be profitably made for that maximum target cost figure. How is the target
    cost computed? We have to start with the anticipated selling price and then deduct the desired profit:

    Target cost = anticipated selling price – desired profit

    Why is target costing used? It was developed in recognition of two important characteristics of markets and
    costs. The first is based on the fact that many companies have less control over price than they would like to
    think. The market determines price, and a company that attempts to ignore this does so at its peril. Thus, the
    anticipated market price is taken as a given in target costing. The second thing to note is that most of a
    product’s cost is determined in the design stage. Once a product is designed and has gone through
    production, not much can be done to reduce its cost.

    Most of the opportunities to lower the cost come from designing the product so that it is simple to make, uses
    inexpensive parts, and is robust and reliable. If a firm has little control over market price and cost once the
    product has started production, then it follows that the major opportunities for affecting profit come in the
    design stage where valuable features that customers are willing to pay for can be added and where most of
    the costs are really determined. The effort is concentrated in the designing and developing stages of the
    product. The difference between target costing and other popular methods is significant. Instead of designing
    a product and then finding out how much it costs, the target cost is set first and then the product is designed
    so that the target cost is attained. What a great way to tackle costing issues!

    [https://c24.page/g56bf4g7ru9jts6hamgt6dqabs](https://c24.page/g56bf4g7ru9jts6hamgt6dqabs)

    ACC 3301, Managerial Accounting 4

    UNIT x STUDY GUIDE
    Title

    Suggested Unit Resources

    In order to access the following resource, click the link below.

    The following video will give you more insights into how the decision is made to accept or reject a special
    order. A transcript and closed-captioning are available once you access the video.

    Edspira. (2020, November 10). Accept or reject special order [Video]. cielo24.

    https://c24.page/ra9hkry55h5fnhs79nybykfcze

    [https://c24.page/ra9hkry55h5fnhs79nybykfcze](https://c24.page/ra9hkry55h5fnhs79nybykfcze)

    – Course Learning Outcomes for Unit IV
    – Required Unit Resources
    – Unit Lesson

    – Introduction
    – Relevant Costs
    – Joint Product Decisions
    – Pricing

    – Suggested Unit Resources

    **Unit4ch7pdf.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/unit4ch7pdf-pdf)

    **Unit4ch8pdf.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/unit4ch8pdf-pdf)

    **Unit4ch8pdf.pdf**

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    **## Unit4managerialacctstudyguide.pdf**

    ACC 3301, Managerial Accounting 1

    Course Learning Outcomes for Unit IV

    Upon completion of this unit, students should be able to:

    7. Analyze problems in managerial decision-making regarding cost planning and control.
    7.1 Demonstrate how incremental analysis is used in managerial decision-making.
    7.2 Discuss various factors managers must consider when setting prices for products.

    Required Unit Resources

    Chapter 7: Incremental Analysis—Read the following sections:

    • Decision-Making and Incremental Analysis
    • Special Orders
    • Make or Buy
    • Sell or Process Further
    • Repair, Retain, or Replace Equipment
    • Eliminate Unprofitable Segment or Product

    Chapter 8: Pricing—Read the following sections:

    • Target Costing
    • Cost-Plus and Variable-Cost Pricing
    • Time-and-Material Pricing
    • Transfer Prices

    In order to access the following resources, click the links below.

    Chapter 7 PowerPoint Presentation
    PDF of Chapter 7 Presentation

    Chapter 8 PowerPoint Presentation
    PDF of Chapter 8 Presentation

    Unit Lesson

    Introduction

    In Unit III, we focused mainly on the activity-based costing and cost-volume-profit analysis. In this unit, we will
    shift our studies to incremental analysis and pricing. A manager has many tasks to do in their daily job. Some
    of these tasks involve evaluating different options and choosing the best one based on cost factors. When
    was the last time you had to decide between making dinner or going out to eat? When is the last time you had
    to choose between buying a new car or getting your current one repaired? These are just a few examples of
    how we are faced with incremental analysis decisions.

    Relevant Costs

    The key to making such decisions is understanding the differences between relevant and non-relevant costs.
    Opportunity costs represent the benefit that could have been obtained by pursuing an alternative course of
    action. For instance, assume that you give up a summer job that pays $5,000 and instead take summer
    classes. The $5,000 would be viewed as an opportunity cost of attending summer school. Even though

    UNIT IV STUDY GUIDE
    Incremental Analysis and Pricing

    [https://online.columbiasouthern.edu/bbcswebdav/xid-150482616_1](https://online.columbiasouthern.edu/bbcswebdav/xid-150482616_1)

    [https://online.columbiasouthern.edu/bbcswebdav/xid-150483056_1](https://online.columbiasouthern.edu/bbcswebdav/xid-150483056_1)

    [https://online.columbiasouthern.edu/bbcswebdav/xid-150482618_1](https://online.columbiasouthern.edu/bbcswebdav/xid-150482618_1)

    [https://online.columbiasouthern.edu/bbcswebdav/xid-150483057_1](https://online.columbiasouthern.edu/bbcswebdav/xid-150483057_1)

    ACC 3301, Managerial Accounting 2

    UNIT x STUDY GUIDE
    Title

    opportunity costs are not recorded in a company’s accounting records, they are important issues to consider
    in business decisions. Unfortunately, they are sometimes not known at the time the decision is made.

    Sunk costs, on the other hand, represent costs that have already been incurred and cannot be changed by
    future actions. For instance, a company’s investment in a canned foods warehouse is a sunk cost. This cost
    will not change regardless of whether the company rents out the warehouse, continues operations, or decides
    to let the building go vacant. The only costs relevant to a decision are those that vary among the courses of
    action being considered. Sunk costs are not considered relevant since they cannot be changed, regardless of
    what decision is made.

    When it comes to incremental analysis, there are many decisions to be considered. For instance, special
    order decisions occur when a company receives large special orders to provide goods at less than regular
    price. Most of the time, these orders are not from a company’s regular customers. The relevant costs in this
    type of decision are the incremental revenues that will be earned and the incremental costs that will be
    incurred by accepting the order. Incremental analysis is a useful tool in evaluating the effects of expected
    short-term changes in revenue and costs. Managers should always be alert, however, to the long-run
    implications of their actions.

    Another type of incremental analysis involves make-or-buy decisions. In many manufacturing firms, the
    company must decide whether to make a certain part required in the assembly of a good or buy the part from
    outside suppliers. If the company is currently producing a part that could be purchased at a lower cost from
    outsiders, profits may be increased by a decision to buy the part and utilize the company’s own manufacturing
    resources for other purposes.

    View the following video by accessing the Unit IV Additional Unit Resources folder in the unit.

    To learn more about how to use incremental analysis for a make-or-buy decision, please view the Applied
    Skills Video: How to Use Incremental Analysis Related to Make or Buy, and Consider Opportunity Cost video.
    Once you click on the link, closed captioning can be accessed by clicking the “CC” button on the bottom right
    of the video window, and a transcript can be accessed by clicking the “T” button next to the “CC” button.

    Additionally, a common issue companies face is what to do with obsolete or defective products. Management
    must decide whether to devote the resources to rebuild these units, sell them at a reduced price, or simply
    scrap them. In the aviation industry, it is common for companies to rework parts that are found to be defective
    instead of purchasing new ones. It certainly reduces overall manufacturing costs and overall waste.

    Joint Product Decisions

    Many firms produce multiple products from common raw materials and a shared production process.
    Examples include oil refineries, lumber and steel mills, and meat processing companies. Products resulting
    from a shared manufacturing process are termed joint products, and the manufacturing costs that relate to
    these products as a group are called joint costs. In such manufacturing processes, two business issues arise.
    One is how to allocate joint costs among the various types of products manufactured. The other type of
    decision is whether some types of products should be processed further to create an even more valuable
    finished good.

    What are joint costs? Assume that Daisy Co. mixes together milk and cream. After joint manufacturing costs
    of $3,000 have been incurred, this mixture separates into two viable products: ice cream and whipping cream.
    How is the $3,000 in joint costs allocated between these products? While there is no right or wrong way to
    allocate the joint costs, the most commonly used method is in proportion to the relative sales value of the
    products produced.

    Once joint costs can be separated, they have reached what is called the split-off point. At this point, each
    product may be sold independently of the other, or it may be processed further. When we consider the Daisy
    Co. example, the company may sell its ice cream and whipping cream after the split-off point without further
    processing, or it may continue processing either of the products further. The decision of whether to sell the ice
    cream and whipping cream or to continue processing them into something else is based on the incremental
    costs and revenue expected after the split-off point.

    ACC 3301, Managerial Accounting 3

    UNIT x STUDY GUIDE
    Title

    To learn more about joint product costs and the split-off profit, please view the video below. A transcript and
    closed captioning are available once you access the video.

    Joint Product Costs and the Splitoff Point video

    Pricing

    What type of pricing decisions are involved in managerial accounting? We all know that setting the price for a
    company’s product or service is a very significant decision. It is also a very difficult process to manage due to
    the number and variety of influences involved. The pricing decision arises in virtually all types of
    organizations. Manufacturers set prices for the products they manufacture while merchandising firms set
    prices for their goods. Service firms also establish prices for the services they provide, such as movie tickets,
    hair salons, and insurance policies. Pricing a product or service that a company has sold for a long time may
    be quite different from pricing a new product or service. Public utilities and cable companies face political
    issues in pricing their products and services because their prices must adhere to certain governmental
    regulations.

    There are several ways to price a product. Managers must rely on a quick and straightforward method for
    setting prices through cost-based pricing formulas. Even though market considerations may determine the
    final product price, a cost-based pricing formula gives the manager a place to start. Most importantly, the cost
    of a product or service provides a floor below which the price cannot be set in the long run. Although a
    product may be initially set below cost, a product’s price ultimately must cover its costs in order for the firm to
    remain in business. Even a nonprofit organization cannot forever price products or services below their costs.

    Cost-plus pricing is based on the initial cost of a product or service plus a markup percentage that is applied
    to it. The markup used would be based on all built-in costs plus a certain margin level that would cover excess
    expenses related back to the company. The cost-plus method can be used effectively within an organization
    as long as careful consideration is given to the cost factors built into the initial product or service. It is
    imperative that price-setting managers understand that ultimately the price must cover all costs and normal
    profit margin. Cost-plus pricing formulas establish a starting point in setting prices. Then, the price setter must
    weigh market conditions, likely actions of competitors, and general business conditions. Thus, price setting
    requires a constant interplay of market considerations and cost awareness.

    Alternatively, target costing is the process of determining the maximum allowable cost for a new product and
    then developing a prototype that can be profitably made for that maximum target cost figure. How is the target
    cost computed? We have to start with the anticipated selling price and then deduct the desired profit:

    Target cost = anticipated selling price – desired profit

    Why is target costing used? It was developed in recognition of two important characteristics of markets and
    costs. The first is based on the fact that many companies have less control over price than they would like to
    think. The market determines price, and a company that attempts to ignore this does so at its peril. Thus, the
    anticipated market price is taken as a given in target costing. The second thing to note is that most of a
    product’s cost is determined in the design stage. Once a product is designed and has gone through
    production, not much can be done to reduce its cost.

    Most of the opportunities to lower the cost come from designing the product so that it is simple to make, uses
    inexpensive parts, and is robust and reliable. If a firm has little control over market price and cost once the
    product has started production, then it follows that the major opportunities for affecting profit come in the
    design stage where valuable features that customers are willing to pay for can be added and where most of
    the costs are really determined. The effort is concentrated in the designing and developing stages of the
    product. The difference between target costing and other popular methods is significant. Instead of designing
    a product and then finding out how much it costs, the target cost is set first and then the product is designed
    so that the target cost is attained. What a great way to tackle costing issues!

    [https://c24.page/g56bf4g7ru9jts6hamgt6dqabs](https://c24.page/g56bf4g7ru9jts6hamgt6dqabs)

    ACC 3301, Managerial Accounting 4

    UNIT x STUDY GUIDE
    Title

    Suggested Unit Resources

    In order to access the following resource, click the link below.

    The following video will give you more insights into how the decision is made to accept or reject a special
    order. A transcript and closed-captioning are available once you access the video.

    Edspira. (2020, November 10). Accept or reject special order [Video]. cielo24.

    https://c24.page/ra9hkry55h5fnhs79nybykfcze

    [https://c24.page/ra9hkry55h5fnhs79nybykfcze](https://c24.page/ra9hkry55h5fnhs79nybykfcze)

    – Course Learning Outcomes for Unit IV
    – Required Unit Resources
    – Unit Lesson

    – Introduction
    – Relevant Costs
    – Joint Product Decisions
    – Pricing

    – Suggested Unit Resources

    **Unit4ch7pdf.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/unit4ch7pdf-pdf)

    **Unit4ch8pdf.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/unit4ch8pdf-pdf)

    **## Unit4managerialacctstudyguide.pdf**

    ACC 3301, Managerial Accounting 1

    Course Learning Outcomes for Unit IV

    Upon completion of this unit, students should be able to:

    7. Analyze problems in managerial decision-making regarding cost planning and control.
    7.1 Demonstrate how incremental analysis is used in managerial decision-making.
    7.2 Discuss various factors managers must consider when setting prices for products.

    Required Unit Resources

    Chapter 7: Incremental Analysis—Read the following sections:

    • Decision-Making and Incremental Analysis
    • Special Orders
    • Make or Buy
    • Sell or Process Further
    • Repair, Retain, or Replace Equipment
    • Eliminate Unprofitable Segment or Product

    Chapter 8: Pricing—Read the following sections:

    • Target Costing
    • Cost-Plus and Variable-Cost Pricing
    • Time-and-Material Pricing
    • Transfer Prices

    In order to access the following resources, click the links below.

    Chapter 7 PowerPoint Presentation
    PDF of Chapter 7 Presentation

    Chapter 8 PowerPoint Presentation
    PDF of Chapter 8 Presentation

    Unit Lesson

    Introduction

    In Unit III, we focused mainly on the activity-based costing and cost-volume-profit analysis. In this unit, we will
    shift our studies to incremental analysis and pricing. A manager has many tasks to do in their daily job. Some
    of these tasks involve evaluating different options and choosing the best one based on cost factors. When
    was the last time you had to decide between making dinner or going out to eat? When is the last time you had
    to choose between buying a new car or getting your current one repaired? These are just a few examples of
    how we are faced with incremental analysis decisions.

    Relevant Costs

    The key to making such decisions is understanding the differences between relevant and non-relevant costs.
    Opportunity costs represent the benefit that could have been obtained by pursuing an alternative course of
    action. For instance, assume that you give up a summer job that pays $5,000 and instead take summer
    classes. The $5,000 would be viewed as an opportunity cost of attending summer school. Even though

    UNIT IV STUDY GUIDE
    Incremental Analysis and Pricing

    [https://online.columbiasouthern.edu/bbcswebdav/xid-150482616_1](https://online.columbiasouthern.edu/bbcswebdav/xid-150482616_1)

    [https://online.columbiasouthern.edu/bbcswebdav/xid-150483056_1](https://online.columbiasouthern.edu/bbcswebdav/xid-150483056_1)

    [https://online.columbiasouthern.edu/bbcswebdav/xid-150482618_1](https://online.columbiasouthern.edu/bbcswebdav/xid-150482618_1)

    [https://online.columbiasouthern.edu/bbcswebdav/xid-150483057_1](https://online.columbiasouthern.edu/bbcswebdav/xid-150483057_1)

    ACC 3301, Managerial Accounting 2

    UNIT x STUDY GUIDE
    Title

    opportunity costs are not recorded in a company’s accounting records, they are important issues to consider
    in business decisions. Unfortunately, they are sometimes not known at the time the decision is made.

    Sunk costs, on the other hand, represent costs that have already been incurred and cannot be changed by
    future actions. For instance, a company’s investment in a canned foods warehouse is a sunk cost. This cost
    will not change regardless of whether the company rents out the warehouse, continues operations, or decides
    to let the building go vacant. The only costs relevant to a decision are those that vary among the courses of
    action being considered. Sunk costs are not considered relevant since they cannot be changed, regardless of
    what decision is made.

    When it comes to incremental analysis, there are many decisions to be considered. For instance, special
    order decisions occur when a company receives large special orders to provide goods at less than regular
    price. Most of the time, these orders are not from a company’s regular customers. The relevant costs in this
    type of decision are the incremental revenues that will be earned and the incremental costs that will be
    incurred by accepting the order. Incremental analysis is a useful tool in evaluating the effects of expected
    short-term changes in revenue and costs. Managers should always be alert, however, to the long-run
    implications of their actions.

    Another type of incremental analysis involves make-or-buy decisions. In many manufacturing firms, the
    company must decide whether to make a certain part required in the assembly of a good or buy the part from
    outside suppliers. If the company is currently producing a part that could be purchased at a lower cost from
    outsiders, profits may be increased by a decision to buy the part and utilize the company’s own manufacturing
    resources for other purposes.

    View the following video by accessing the Unit IV Additional Unit Resources folder in the unit.

    To learn more about how to use incremental analysis for a make-or-buy decision, please view the Applied
    Skills Video: How to Use Incremental Analysis Related to Make or Buy, and Consider Opportunity Cost video.
    Once you click on the link, closed captioning can be accessed by clicking the “CC” button on the bottom right
    of the video window, and a transcript can be accessed by clicking the “T” button next to the “CC” button.

    Additionally, a common issue companies face is what to do with obsolete or defective products. Management
    must decide whether to devote the resources to rebuild these units, sell them at a reduced price, or simply
    scrap them. In the aviation industry, it is common for companies to rework parts that are found to be defective
    instead of purchasing new ones. It certainly reduces overall manufacturing costs and overall waste.

    Joint Product Decisions

    Many firms produce multiple products from common raw materials and a shared production process.
    Examples include oil refineries, lumber and steel mills, and meat processing companies. Products resulting
    from a shared manufacturing process are termed joint products, and the manufacturing costs that relate to
    these products as a group are called joint costs. In such manufacturing processes, two business issues arise.
    One is how to allocate joint costs among the various types of products manufactured. The other type of
    decision is whether some types of products should be processed further to create an even more valuable
    finished good.

    What are joint costs? Assume that Daisy Co. mixes together milk and cream. After joint manufacturing costs
    of $3,000 have been incurred, this mixture separates into two viable products: ice cream and whipping cream.
    How is the $3,000 in joint costs allocated between these products? While there is no right or wrong way to
    allocate the joint costs, the most commonly used method is in proportion to the relative sales value of the
    products produced.

    Once joint costs can be separated, they have reached what is called the split-off point. At this point, each
    product may be sold independently of the other, or it may be processed further. When we consider the Daisy
    Co. example, the company may sell its ice cream and whipping cream after the split-off point without further
    processing, or it may continue processing either of the products further. The decision of whether to sell the ice
    cream and whipping cream or to continue processing them into something else is based on the incremental
    costs and revenue expected after the split-off point.

    ACC 3301, Managerial Accounting 3

    UNIT x STUDY GUIDE
    Title

    To learn more about joint product costs and the split-off profit, please view the video below. A transcript and
    closed captioning are available once you access the video.

    Joint Product Costs and the Splitoff Point video

    Pricing

    What type of pricing decisions are involved in managerial accounting? We all know that setting the price for a
    company’s product or service is a very significant decision. It is also a very difficult process to manage due to
    the number and variety of influences involved. The pricing decision arises in virtually all types of
    organizations. Manufacturers set prices for the products they manufacture while merchandising firms set
    prices for their goods. Service firms also establish prices for the services they provide, such as movie tickets,
    hair salons, and insurance policies. Pricing a product or service that a company has sold for a long time may
    be quite different from pricing a new product or service. Public utilities and cable companies face political
    issues in pricing their products and services because their prices must adhere to certain governmental
    regulations.

    There are several ways to price a product. Managers must rely on a quick and straightforward method for
    setting prices through cost-based pricing formulas. Even though market considerations may determine the
    final product price, a cost-based pricing formula gives the manager a place to start. Most importantly, the cost
    of a product or service provides a floor below which the price cannot be set in the long run. Although a
    product may be initially set below cost, a product’s price ultimately must cover its costs in order for the firm to
    remain in business. Even a nonprofit organization cannot forever price products or services below their costs.

    Cost-plus pricing is based on the initial cost of a product or service plus a markup percentage that is applied
    to it. The markup used would be based on all built-in costs plus a certain margin level that would cover excess
    expenses related back to the company. The cost-plus method can be used effectively within an organization
    as long as careful consideration is given to the cost factors built into the initial product or service. It is
    imperative that price-setting managers understand that ultimately the price must cover all costs and normal
    profit margin. Cost-plus pricing formulas establish a starting point in setting prices. Then, the price setter must
    weigh market conditions, likely actions of competitors, and general business conditions. Thus, price setting
    requires a constant interplay of market considerations and cost awareness.

    Alternatively, target costing is the process of determining the maximum allowable cost for a new product and
    then developing a prototype that can be profitably made for that maximum target cost figure. How is the target
    cost computed? We have to start with the anticipated selling price and then deduct the desired profit:

    Target cost = anticipated selling price – desired profit

    Why is target costing used? It was developed in recognition of two important characteristics of markets and
    costs. The first is based on the fact that many companies have less control over price than they would like to
    think. The market determines price, and a company that attempts to ignore this does so at its peril. Thus, the
    anticipated market price is taken as a given in target costing. The second thing to note is that most of a
    product’s cost is determined in the design stage. Once a product is designed and has gone through
    production, not much can be done to reduce its cost.

    Most of the opportunities to lower the cost come from designing the product so that it is simple to make, uses
    inexpensive parts, and is robust and reliable. If a firm has little control over market price and cost once the
    product has started production, then it follows that the major opportunities for affecting profit come in the
    design stage where valuable features that customers are willing to pay for can be added and where most of
    the costs are really determined. The effort is concentrated in the designing and developing stages of the
    product. The difference between target costing and other popular methods is significant. Instead of designing
    a product and then finding out how much it costs, the target cost is set first and then the product is designed
    so that the target cost is attained. What a great way to tackle costing issues!

    [https://c24.page/g56bf4g7ru9jts6hamgt6dqabs](https://c24.page/g56bf4g7ru9jts6hamgt6dqabs)

    ACC 3301, Managerial Accounting 4

    UNIT x STUDY GUIDE
    Title

    Suggested Unit Resources

    In order to access the following resource, click the link below.

    The following video will give you more insights into how the decision is made to accept or reject a special
    order. A transcript and closed-captioning are available once you access the video.

    Edspira. (2020, November 10). Accept or reject special order [Video]. cielo24.

    https://c24.page/ra9hkry55h5fnhs79nybykfcze

    [https://c24.page/ra9hkry55h5fnhs79nybykfcze](https://c24.page/ra9hkry55h5fnhs79nybykfcze)

    – Course Learning Outcomes for Unit IV
    – Required Unit Resources
    – Unit Lesson

    – Introduction
    – Relevant Costs
    – Joint Product Decisions
    – Pricing

    – Suggested Unit Resources

    **Unit4ch7pdf.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/unit4ch7pdf-pdf)

    **Unit4ch8pdf.pdf**

    This file is too large to display. [View in new window](https://www.sweetstudy.com/files/unit4ch8pdf-pdf)

  • [Solved] Week 5 Assigment

    ✓ Verified Academic Solution Available

    Executive Solution Overview

    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management) – a year ago **files (2)** – ## Week5-WeeklyResources.docx – ## Week5AssignmentInstructions.docx **## Week5-WeeklyResources.docx** **Emotional Intelligence** When Daniel Goleman introduced the concept of emoti…

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    Assignment Prompt & Instructions

    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management)

    – a year ago

    **files (2)**

    – ## Week5-WeeklyResources.docx

    – ## Week5AssignmentInstructions.docx

    **## Week5-WeeklyResources.docx**

    **Emotional Intelligence**

    When Daniel Goleman introduced the concept of emotional intelligence to the business world in the 1990s, he called it the most important leadership skill. He also instilled that emotional intelligence is a skill that can be learned. As you review these resources, reflect on your own level of emotional intelligence. How important do you feel the role of emotional intelligence is in a leadership role? Do you feel that you are relatively strong in this area? Are there any opportunities for growth and improvement?

    · Carucci, R. (2018, May 23).
    [Is your emotional intelligence authentic, or self-serving?](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FH04CDF-PDF-ENG%2Frich-text) _Harvard Business Review Digital Articles,_ 2–4. http://hbr.org

    · Mansel, B., & Einion, A. (2019).
    [“It’s the relationship you develop with them”: Emotional intelligence in nurse leadership. A qualitative studyLinks to an external site.](https://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=rzh&AN=139907292&site=eds-live&scope=site&custid=s6527200).
    _British Journal of Nursing_,
    _28_(21), 1400–1408. https://doi.org/10.12968/bjon.2019.28.21.1400

    · Ovans, A. (2015, April 28).
    [How emotional intelligence became a key leadership skill](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FH0219N-PDF-ENG%2Frich-text).
    _Harvard Business Review Digital Articles_, 2–5. http://hbr.org

    · Phipps, S. T. A., & Prieto, L. C. (2017, June).
    [Why emotional intelligence is necessary for effective leadership: Know the four reasons!Links to an external site.](https://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=edb&AN=123713490&site=eds-live&scope=site&custid=s6527200) _Leadership Excellence_,
    _34_(6), 56–57.

    · Turkle, S. (2022, February 17).
    [Empathy rules](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FH06V8S-PDF-ENG%2Frich-text). Harvard Business Review Digital Articles, 1–5. http://hbr.org

    **Diversity and Inclusion**

    Diversity is found in many areas of society. Sometimes it is embraced, and sometimes it is not. How important do you feel that it is for organizations to operate in a way that celebrates diversity and promotes an inclusive culture? What are the benefits that are created when diversity and inclusion are valued, not only for society but for the organizations themselves? What challenges might these organizations face in doing so? As you review these resources, consider these questions, as well as how a leader can ensure that their organization not only has diversity within its workforce, but also provides an inclusive environment as well.

    · Bourke, J., & Titus, A. (2019, March 29).
    [Why inclusive leaders are good for organizations, and how to become one](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FH04V8Y-PDF-ENG%2Frich-text).
    _Harvard Business Review Digital Articles_, 2–5. http://hbr.org

    · Coleman, J., Gulati, D., & Segovia, W. O. (2012).
    _Passion and purpose: Stories from the best and brightest young business leaders_. Harvard Business School Publishing.

    · “
    [People: Leading in a Diverse World,](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2F10343-PDF-ENG%2Frich-text)” pp. 99–138

    · Sherbin, L., & Rashid, R. (2017, February 1).
    [Diversity doesn’t stick without inclusion](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FH03FC8-PDF-ENG%2Frich-text).
    _Harvard Business Review Digital Articles_, 2–5. http://hbr.org

    · Tavakoli, M. (2015).
    [Diversity & inclusion drive success for today’s leaders: effective organizations and leaders are those that recognize diversity and inclusion as essential to business operationsLinks to an external site.](https://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=edsgea&AN=edsgcl.413170166&site=eds-live&scope=site&custid=s6527200).
    _TD Magazine_, (5), 46.

    **The Power of Networking**

    Developing and maintaining a strong professional network is an important business skill, especially for a leader or an aspiring leader. Social media provides some very good platforms for networking, but it still requires work perseverance to establish, maintain, and expand your network. Through these resources, you will examine how networking can be incorporated as a tool for leaders.

    · Battilana, J., & Casciaro, T. (2013, July–August).
    [The network secrets of great change agents](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FR1307D-PDF-ENG%2Frich-text).
    _Harvard Business Review, 91_(7/8), 62–68.

    · Dinning, A. (2017, August).
    [The lifelong pursuit of networking: Making professional and personal connections shouldn’t be a choreLinks to an external site.](https://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=edsgea&AN=edsgcl.500367464&site=eds-live&scope=site&custid=s6527200).
    _TD Magazine_,
    _71_(8), 72–73.

    · Ibarra, H., & Hunter, M. L. (2007, January).
    [How leaders create and use networks](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FR0701C-PDF-ENG%2Frich-text).
    _Harvard Business Review, 85_(1), 40–47.

    · Vracarich, M. (2018, October).
    [4 networking tips all small business owners should know: Tips for those who are not good in networkingLinks to an external site.](https://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=bth&AN=133411189&site=ehost-live&scope=site&custid=s6527200).
    _HCM Sales, Marketing and Alliance Excellence Essentials_,
    _17_(10), 31–33.

    **## Week5AssignmentInstructions.docx**

    **Week 5 Assignment**

    **Leadership For Good: Part 1**

    This Assignment features one of the
    _Business Skills for Good_ that you will learn more about and develop throughout your MBA program. This skill, emotional intelligence, includes the five components, as identified by Goleman (2004), as “self-awareness,” “self-regulation,” “motivation,” “empathy,” and “social skill.” If you have not already done so, review the following media piece before beginning this Assignment:

    · Walden University, LLC. (2021).
    _Emotional intelligence_[Video]. Walden University Canvas.
    [https://waldenu.instructure.com](https://waldenu.instructure.com/)

    ·
    **Note:** This Assignment is divided into two parts for a total of 8–10 pages. This week, you will complete and submit Part 1 (4–5 pages). You will complete Part 2 (4–5 pages) in Week 6 and submit your entire leadership profile in Week 6.

    · Consider the following scenario:

    · In recognition of your growth as a leader, you have been given the opportunity to join a professional leadership network. As part of your membership, you must create a unique leadership profile that focuses on your passion and your purpose for leadership, as well as your goals. This is your opportunity to present your leadership reflections and perspectives to others in your network and to create connections that may lead to professional experiences in the future.

    **To prepare for this Assignment:**

    · You should first engage in reflection. Self-reflection is an important skill in business, especially for a leader or an aspiring leader. There are a number of different models of reflection that can be utilized; however, one of the more commonly used models is the 5R Framework for Reflection (Bain, et al., 2002), which focuses on five defined stages of reflection: reporting, responding, relating, reasoning, and reconstructing. Using this framework will enable you to produce a critically engaging reflection based on your experiences. Refer to the following table for more information about the framework:

    | | | |
    | — | — | — |
    | **5R Stages** | **Description** | **Guidelines** |
    | Reporting | A brief descriptive account of the situation/topic | What happened, what the situation/topic is |
    | Responding | Your emotional/personal response to the situation/topic | Your observations, feelings, questions about the situation/topic |
    | Relating | Personal and theoretical understandings relevant to the situation/topic | Making the connections between the situation/topic and your experience, skills, knowledge, and understanding |
    | Reasoning | Your explanation of the situation/topic | Explaining the situation/topic in terms of the significant factors, relevant theories, and experiences |
    | Reconstruction | Drawing conclusions and developing a future actionable plan | Your deeper level of understanding about the situation/topic that is used to reframe or reconstruct your future practice and further develop your understanding of professional practice (application) |

    The 5R Framework of Self-Reflection
    Adapted from: Bain, J. D., Ballantyne, R., Mills, C., & Lester, N. C. (2002). Reflecting on practice: Student teachers’ perspectives. Post Pressed.

    · Download the
    [Module 3 Assignment Template (Word document)](https://waldenu.instructure.com/courses/164259/files/12991359?wrap=1) [Download Module 3 Assignment Template (Word document)](https://waldenu.instructure.com/courses/164259/files/12991359/download?download_frd=1). Note: Be sure to keep a copy of your completed Assignment this week, as you will be adding to the same file for your Week 10 and 11 Assignments.

    · As you reflect on your learning and experiences so far, consider your strengths, weaknesses, skills, and the knowledge you have gained as a leader and a follower—both in the classroom and beyond. With those thoughts in mind, construct Part 1 of your leadership profile, being sure to incorporate examples of personal experiences as well as citations for relevant academic resources from the classroom, the library, and other appropriate scholarly sources.

    Submit Part 1 of your leadership profile as follows:

    Part 1: Perspectives on Leadership/Leadership Values (4–5 pages)

    For the first part of your leadership profile, you will describe how you can/will apply positive leadership skills in pursuit of social change, be it in your professional or personal life. Be sure to incorporate the following:

    **Emotional Intelligence**

    · Analyze the importance of the five elements of emotional intelligence in being a strong leader: self-awareness, self-regulation, social skills, empathy, and motivation. Specifically:

    · How do these elements affect the leader-follower relationship?

    · How do they improve a leader’s ability to promote change?

    ![](https://www.sweetstudy.com/questions/week-5-assigment-20902869)**Developing a Diverse and Inclusive Environment**

    · Analyze the interdependency of diversity and inclusion.

    · Examine what diversity and inclusion look like in the workplace, as well as the benefits of having/developing a diverse working environment.

    · Summarize how you have worked/will work as a leader to promote diversity and inclusion in your work environment.

    ![](https://www.sweetstudy.com/questions/week-5-assigment-20902869)**The Power of Networking**

    · Based on your personal and professional experiences, examine the relationship of establishing and maintaining a professional network to your own leadership.

    · How can a strong network benefit both a rising leader and an established leader?

    · How can the use of networks enhance one’s ability to become an agent of positive social change?

    ## image1.png

    ## image2.png

    **## Week5AssignmentInstructions.docx**

    **Week 5 Assignment**

    **Leadership For Good: Part 1**

    This Assignment features one of the
    _Business Skills for Good_ that you will learn more about and develop throughout your MBA program. This skill, emotional intelligence, includes the five components, as identified by Goleman (2004), as “self-awareness,” “self-regulation,” “motivation,” “empathy,” and “social skill.” If you have not already done so, review the following media piece before beginning this Assignment:

    · Walden University, LLC. (2021).
    _Emotional intelligence_[Video]. Walden University Canvas.
    [https://waldenu.instructure.com](https://waldenu.instructure.com/)

    ·
    **Note:** This Assignment is divided into two parts for a total of 8–10 pages. This week, you will complete and submit Part 1 (4–5 pages). You will complete Part 2 (4–5 pages) in Week 6 and submit your entire leadership profile in Week 6.

    · Consider the following scenario:

    · In recognition of your growth as a leader, you have been given the opportunity to join a professional leadership network. As part of your membership, you must create a unique leadership profile that focuses on your passion and your purpose for leadership, as well as your goals. This is your opportunity to present your leadership reflections and perspectives to others in your network and to create connections that may lead to professional experiences in the future.

    **To prepare for this Assignment:**

    · You should first engage in reflection. Self-reflection is an important skill in business, especially for a leader or an aspiring leader. There are a number of different models of reflection that can be utilized; however, one of the more commonly used models is the 5R Framework for Reflection (Bain, et al., 2002), which focuses on five defined stages of reflection: reporting, responding, relating, reasoning, and reconstructing. Using this framework will enable you to produce a critically engaging reflection based on your experiences. Refer to the following table for more information about the framework:

    | | | |
    | — | — | — |
    | **5R Stages** | **Description** | **Guidelines** |
    | Reporting | A brief descriptive account of the situation/topic | What happened, what the situation/topic is |
    | Responding | Your emotional/personal response to the situation/topic | Your observations, feelings, questions about the situation/topic |
    | Relating | Personal and theoretical understandings relevant to the situation/topic | Making the connections between the situation/topic and your experience, skills, knowledge, and understanding |
    | Reasoning | Your explanation of the situation/topic | Explaining the situation/topic in terms of the significant factors, relevant theories, and experiences |
    | Reconstruction | Drawing conclusions and developing a future actionable plan | Your deeper level of understanding about the situation/topic that is used to reframe or reconstruct your future practice and further develop your understanding of professional practice (application) |

    The 5R Framework of Self-Reflection
    Adapted from: Bain, J. D., Ballantyne, R., Mills, C., & Lester, N. C. (2002). Reflecting on practice: Student teachers’ perspectives. Post Pressed.

    · Download the
    [Module 3 Assignment Template (Word document)](https://waldenu.instructure.com/courses/164259/files/12991359?wrap=1) [Download Module 3 Assignment Template (Word document)](https://waldenu.instructure.com/courses/164259/files/12991359/download?download_frd=1). Note: Be sure to keep a copy of your completed Assignment this week, as you will be adding to the same file for your Week 10 and 11 Assignments.

    · As you reflect on your learning and experiences so far, consider your strengths, weaknesses, skills, and the knowledge you have gained as a leader and a follower—both in the classroom and beyond. With those thoughts in mind, construct Part 1 of your leadership profile, being sure to incorporate examples of personal experiences as well as citations for relevant academic resources from the classroom, the library, and other appropriate scholarly sources.

    Submit Part 1 of your leadership profile as follows:

    Part 1: Perspectives on Leadership/Leadership Values (4–5 pages)

    For the first part of your leadership profile, you will describe how you can/will apply positive leadership skills in pursuit of social change, be it in your professional or personal life. Be sure to incorporate the following:

    **Emotional Intelligence**

    · Analyze the importance of the five elements of emotional intelligence in being a strong leader: self-awareness, self-regulation, social skills, empathy, and motivation. Specifically:

    · How do these elements affect the leader-follower relationship?

    · How do they improve a leader’s ability to promote change?

    ![](https://www.sweetstudy.com/questions/week-5-assigment-20902869)**Developing a Diverse and Inclusive Environment**

    · Analyze the interdependency of diversity and inclusion.

    · Examine what diversity and inclusion look like in the workplace, as well as the benefits of having/developing a diverse working environment.

    · Summarize how you have worked/will work as a leader to promote diversity and inclusion in your work environment.

    ![](https://www.sweetstudy.com/questions/week-5-assigment-20902869)**The Power of Networking**

    · Based on your personal and professional experiences, examine the relationship of establishing and maintaining a professional network to your own leadership.

    · How can a strong network benefit both a rising leader and an established leader?

    · How can the use of networks enhance one’s ability to become an agent of positive social change?

    ## image1.png

    ## image2.png

    **## Week5-WeeklyResources.docx**

    **Emotional Intelligence**

    When Daniel Goleman introduced the concept of emotional intelligence to the business world in the 1990s, he called it the most important leadership skill. He also instilled that emotional intelligence is a skill that can be learned. As you review these resources, reflect on your own level of emotional intelligence. How important do you feel the role of emotional intelligence is in a leadership role? Do you feel that you are relatively strong in this area? Are there any opportunities for growth and improvement?

    · Carucci, R. (2018, May 23).
    [Is your emotional intelligence authentic, or self-serving?](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FH04CDF-PDF-ENG%2Frich-text) _Harvard Business Review Digital Articles,_ 2–4. http://hbr.org

    · Mansel, B., & Einion, A. (2019).
    [“It’s the relationship you develop with them”: Emotional intelligence in nurse leadership. A qualitative studyLinks to an external site.](https://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=rzh&AN=139907292&site=eds-live&scope=site&custid=s6527200).
    _British Journal of Nursing_,
    _28_(21), 1400–1408. https://doi.org/10.12968/bjon.2019.28.21.1400

    · Ovans, A. (2015, April 28).
    [How emotional intelligence became a key leadership skill](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FH0219N-PDF-ENG%2Frich-text).
    _Harvard Business Review Digital Articles_, 2–5. http://hbr.org

    · Phipps, S. T. A., & Prieto, L. C. (2017, June).
    [Why emotional intelligence is necessary for effective leadership: Know the four reasons!Links to an external site.](https://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=edb&AN=123713490&site=eds-live&scope=site&custid=s6527200) _Leadership Excellence_,
    _34_(6), 56–57.

    · Turkle, S. (2022, February 17).
    [Empathy rules](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FH06V8S-PDF-ENG%2Frich-text). Harvard Business Review Digital Articles, 1–5. http://hbr.org

    **Diversity and Inclusion**

    Diversity is found in many areas of society. Sometimes it is embraced, and sometimes it is not. How important do you feel that it is for organizations to operate in a way that celebrates diversity and promotes an inclusive culture? What are the benefits that are created when diversity and inclusion are valued, not only for society but for the organizations themselves? What challenges might these organizations face in doing so? As you review these resources, consider these questions, as well as how a leader can ensure that their organization not only has diversity within its workforce, but also provides an inclusive environment as well.

    · Bourke, J., & Titus, A. (2019, March 29).
    [Why inclusive leaders are good for organizations, and how to become one](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FH04V8Y-PDF-ENG%2Frich-text).
    _Harvard Business Review Digital Articles_, 2–5. http://hbr.org

    · Coleman, J., Gulati, D., & Segovia, W. O. (2012).
    _Passion and purpose: Stories from the best and brightest young business leaders_. Harvard Business School Publishing.

    · “
    [People: Leading in a Diverse World,](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2F10343-PDF-ENG%2Frich-text)” pp. 99–138

    · Sherbin, L., & Rashid, R. (2017, February 1).
    [Diversity doesn’t stick without inclusion](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FH03FC8-PDF-ENG%2Frich-text).
    _Harvard Business Review Digital Articles_, 2–5. http://hbr.org

    · Tavakoli, M. (2015).
    [Diversity & inclusion drive success for today’s leaders: effective organizations and leaders are those that recognize diversity and inclusion as essential to business operationsLinks to an external site.](https://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=edsgea&AN=edsgcl.413170166&site=eds-live&scope=site&custid=s6527200).
    _TD Magazine_, (5), 46.

    **The Power of Networking**

    Developing and maintaining a strong professional network is an important business skill, especially for a leader or an aspiring leader. Social media provides some very good platforms for networking, but it still requires work perseverance to establish, maintain, and expand your network. Through these resources, you will examine how networking can be incorporated as a tool for leaders.

    · Battilana, J., & Casciaro, T. (2013, July–August).
    [The network secrets of great change agents](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FR1307D-PDF-ENG%2Frich-text).
    _Harvard Business Review, 91_(7/8), 62–68.

    · Dinning, A. (2017, August).
    [The lifelong pursuit of networking: Making professional and personal connections shouldn’t be a choreLinks to an external site.](https://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=edsgea&AN=edsgcl.500367464&site=eds-live&scope=site&custid=s6527200).
    _TD Magazine_,
    _71_(8), 72–73.

    · Ibarra, H., & Hunter, M. L. (2007, January).
    [How leaders create and use networks](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FR0701C-PDF-ENG%2Frich-text).
    _Harvard Business Review, 85_(1), 40–47.

    · Vracarich, M. (2018, October).
    [4 networking tips all small business owners should know: Tips for those who are not good in networkingLinks to an external site.](https://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=bth&AN=133411189&site=ehost-live&scope=site&custid=s6527200).
    _HCM Sales, Marketing and Alliance Excellence Essentials_,
    _17_(10), 31–33.

    **## Week5AssignmentInstructions.docx**

    **Week 5 Assignment**

    **Leadership For Good: Part 1**

    This Assignment features one of the
    _Business Skills for Good_ that you will learn more about and develop throughout your MBA program. This skill, emotional intelligence, includes the five components, as identified by Goleman (2004), as “self-awareness,” “self-regulation,” “motivation,” “empathy,” and “social skill.” If you have not already done so, review the following media piece before beginning this Assignment:

    · Walden University, LLC. (2021).
    _Emotional intelligence_[Video]. Walden University Canvas.
    [https://waldenu.instructure.com](https://waldenu.instructure.com/)

    ·
    **Note:** This Assignment is divided into two parts for a total of 8–10 pages. This week, you will complete and submit Part 1 (4–5 pages). You will complete Part 2 (4–5 pages) in Week 6 and submit your entire leadership profile in Week 6.

    · Consider the following scenario:

    · In recognition of your growth as a leader, you have been given the opportunity to join a professional leadership network. As part of your membership, you must create a unique leadership profile that focuses on your passion and your purpose for leadership, as well as your goals. This is your opportunity to present your leadership reflections and perspectives to others in your network and to create connections that may lead to professional experiences in the future.

    **To prepare for this Assignment:**

    · You should first engage in reflection. Self-reflection is an important skill in business, especially for a leader or an aspiring leader. There are a number of different models of reflection that can be utilized; however, one of the more commonly used models is the 5R Framework for Reflection (Bain, et al., 2002), which focuses on five defined stages of reflection: reporting, responding, relating, reasoning, and reconstructing. Using this framework will enable you to produce a critically engaging reflection based on your experiences. Refer to the following table for more information about the framework:

    | | | |
    | — | — | — |
    | **5R Stages** | **Description** | **Guidelines** |
    | Reporting | A brief descriptive account of the situation/topic | What happened, what the situation/topic is |
    | Responding | Your emotional/personal response to the situation/topic | Your observations, feelings, questions about the situation/topic |
    | Relating | Personal and theoretical understandings relevant to the situation/topic | Making the connections between the situation/topic and your experience, skills, knowledge, and understanding |
    | Reasoning | Your explanation of the situation/topic | Explaining the situation/topic in terms of the significant factors, relevant theories, and experiences |
    | Reconstruction | Drawing conclusions and developing a future actionable plan | Your deeper level of understanding about the situation/topic that is used to reframe or reconstruct your future practice and further develop your understanding of professional practice (application) |

    The 5R Framework of Self-Reflection
    Adapted from: Bain, J. D., Ballantyne, R., Mills, C., & Lester, N. C. (2002). Reflecting on practice: Student teachers’ perspectives. Post Pressed.

    · Download the
    [Module 3 Assignment Template (Word document)](https://waldenu.instructure.com/courses/164259/files/12991359?wrap=1) [Download Module 3 Assignment Template (Word document)](https://waldenu.instructure.com/courses/164259/files/12991359/download?download_frd=1). Note: Be sure to keep a copy of your completed Assignment this week, as you will be adding to the same file for your Week 10 and 11 Assignments.

    · As you reflect on your learning and experiences so far, consider your strengths, weaknesses, skills, and the knowledge you have gained as a leader and a follower—both in the classroom and beyond. With those thoughts in mind, construct Part 1 of your leadership profile, being sure to incorporate examples of personal experiences as well as citations for relevant academic resources from the classroom, the library, and other appropriate scholarly sources.

    Submit Part 1 of your leadership profile as follows:

    Part 1: Perspectives on Leadership/Leadership Values (4–5 pages)

    For the first part of your leadership profile, you will describe how you can/will apply positive leadership skills in pursuit of social change, be it in your professional or personal life. Be sure to incorporate the following:

    **Emotional Intelligence**

    · Analyze the importance of the five elements of emotional intelligence in being a strong leader: self-awareness, self-regulation, social skills, empathy, and motivation. Specifically:

    · How do these elements affect the leader-follower relationship?

    · How do they improve a leader’s ability to promote change?

    ![](https://www.sweetstudy.com/questions/week-5-assigment-20902869)**Developing a Diverse and Inclusive Environment**

    · Analyze the interdependency of diversity and inclusion.

    · Examine what diversity and inclusion look like in the workplace, as well as the benefits of having/developing a diverse working environment.

    · Summarize how you have worked/will work as a leader to promote diversity and inclusion in your work environment.

    ![](https://www.sweetstudy.com/questions/week-5-assigment-20902869)**The Power of Networking**

    · Based on your personal and professional experiences, examine the relationship of establishing and maintaining a professional network to your own leadership.

    · How can a strong network benefit both a rising leader and an established leader?

    · How can the use of networks enhance one’s ability to become an agent of positive social change?

    ## image1.png

    ## image2.png

    **## Week5-WeeklyResources.docx**

    **Emotional Intelligence**

    When Daniel Goleman introduced the concept of emotional intelligence to the business world in the 1990s, he called it the most important leadership skill. He also instilled that emotional intelligence is a skill that can be learned. As you review these resources, reflect on your own level of emotional intelligence. How important do you feel the role of emotional intelligence is in a leadership role? Do you feel that you are relatively strong in this area? Are there any opportunities for growth and improvement?

    · Carucci, R. (2018, May 23).
    [Is your emotional intelligence authentic, or self-serving?](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FH04CDF-PDF-ENG%2Frich-text) _Harvard Business Review Digital Articles,_ 2–4. http://hbr.org

    · Mansel, B., & Einion, A. (2019).
    [“It’s the relationship you develop with them”: Emotional intelligence in nurse leadership. A qualitative studyLinks to an external site.](https://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=rzh&AN=139907292&site=eds-live&scope=site&custid=s6527200).
    _British Journal of Nursing_,
    _28_(21), 1400–1408. https://doi.org/10.12968/bjon.2019.28.21.1400

    · Ovans, A. (2015, April 28).
    [How emotional intelligence became a key leadership skill](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FH0219N-PDF-ENG%2Frich-text).
    _Harvard Business Review Digital Articles_, 2–5. http://hbr.org

    · Phipps, S. T. A., & Prieto, L. C. (2017, June).
    [Why emotional intelligence is necessary for effective leadership: Know the four reasons!Links to an external site.](https://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=edb&AN=123713490&site=eds-live&scope=site&custid=s6527200) _Leadership Excellence_,
    _34_(6), 56–57.

    · Turkle, S. (2022, February 17).
    [Empathy rules](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FH06V8S-PDF-ENG%2Frich-text). Harvard Business Review Digital Articles, 1–5. http://hbr.org

    **Diversity and Inclusion**

    Diversity is found in many areas of society. Sometimes it is embraced, and sometimes it is not. How important do you feel that it is for organizations to operate in a way that celebrates diversity and promotes an inclusive culture? What are the benefits that are created when diversity and inclusion are valued, not only for society but for the organizations themselves? What challenges might these organizations face in doing so? As you review these resources, consider these questions, as well as how a leader can ensure that their organization not only has diversity within its workforce, but also provides an inclusive environment as well.

    · Bourke, J., & Titus, A. (2019, March 29).
    [Why inclusive leaders are good for organizations, and how to become one](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FH04V8Y-PDF-ENG%2Frich-text).
    _Harvard Business Review Digital Articles_, 2–5. http://hbr.org

    · Coleman, J., Gulati, D., & Segovia, W. O. (2012).
    _Passion and purpose: Stories from the best and brightest young business leaders_. Harvard Business School Publishing.

    · “
    [People: Leading in a Diverse World,](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2F10343-PDF-ENG%2Frich-text)” pp. 99–138

    · Sherbin, L., & Rashid, R. (2017, February 1).
    [Diversity doesn’t stick without inclusion](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FH03FC8-PDF-ENG%2Frich-text).
    _Harvard Business Review Digital Articles_, 2–5. http://hbr.org

    · Tavakoli, M. (2015).
    [Diversity & inclusion drive success for today’s leaders: effective organizations and leaders are those that recognize diversity and inclusion as essential to business operationsLinks to an external site.](https://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=edsgea&AN=edsgcl.413170166&site=eds-live&scope=site&custid=s6527200).
    _TD Magazine_, (5), 46.

    **The Power of Networking**

    Developing and maintaining a strong professional network is an important business skill, especially for a leader or an aspiring leader. Social media provides some very good platforms for networking, but it still requires work perseverance to establish, maintain, and expand your network. Through these resources, you will examine how networking can be incorporated as a tool for leaders.

    · Battilana, J., & Casciaro, T. (2013, July–August).
    [The network secrets of great change agents](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FR1307D-PDF-ENG%2Frich-text).
    _Harvard Business Review, 91_(7/8), 62–68.

    · Dinning, A. (2017, August).
    [The lifelong pursuit of networking: Making professional and personal connections shouldn’t be a choreLinks to an external site.](https://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=edsgea&AN=edsgcl.500367464&site=eds-live&scope=site&custid=s6527200).
    _TD Magazine_,
    _71_(8), 72–73.

    · Ibarra, H., & Hunter, M. L. (2007, January).
    [How leaders create and use networks](https://waldenu.instructure.com/courses/164259/external_tools/retrieve?url=https%3A%2F%2Fservices.hbsp.harvard.edu%2Flti%2Flinks%2FR0701C-PDF-ENG%2Frich-text).
    _Harvard Business Review, 85_(1), 40–47.

    · Vracarich, M. (2018, October).
    [4 networking tips all small business owners should know: Tips for those who are not good in networkingLinks to an external site.](https://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=bth&AN=133411189&site=ehost-live&scope=site&custid=s6527200).
    _HCM Sales, Marketing and Alliance Excellence Essentials_,
    _17_(10), 31–33.

    **## Week5AssignmentInstructions.docx**

    **Week 5 Assignment**

    **Leadership For Good: Part 1**

    This Assignment features one of the
    _Business Skills for Good_ that you will learn more about and develop throughout your MBA program. This skill, emotional intelligence, includes the five components, as identified by Goleman (2004), as “self-awareness,” “self-regulation,” “motivation,” “empathy,” and “social skill.” If you have not already done so, review the following media piece before beginning this Assignment:

    · Walden University, LLC. (2021).
    _Emotional intelligence_[Video]. Walden University Canvas.
    [https://waldenu.instructure.com](https://waldenu.instructure.com/)

    ·
    **Note:** This Assignment is divided into two parts for a total of 8–10 pages. This week, you will complete and submit Part 1 (4–5 pages). You will complete Part 2 (4–5 pages) in Week 6 and submit your entire leadership profile in Week 6.

    · Consider the following scenario:

    · In recognition of your growth as a leader, you have been given the opportunity to join a professional leadership network. As part of your membership, you must create a unique leadership profile that focuses on your passion and your purpose for leadership, as well as your goals. This is your opportunity to present your leadership reflections and perspectives to others in your network and to create connections that may lead to professional experiences in the future.

    **To prepare for this Assignment:**

    · You should first engage in reflection. Self-reflection is an important skill in business, especially for a leader or an aspiring leader. There are a number of different models of reflection that can be utilized; however, one of the more commonly used models is the 5R Framework for Reflection (Bain, et al., 2002), which focuses on five defined stages of reflection: reporting, responding, relating, reasoning, and reconstructing. Using this framework will enable you to produce a critically engaging reflection based on your experiences. Refer to the following table for more information about the framework:

    | | | |
    | — | — | — |
    | **5R Stages** | **Description** | **Guidelines** |
    | Reporting | A brief descriptive account of the situation/topic | What happened, what the situation/topic is |
    | Responding | Your emotional/personal response to the situation/topic | Your observations, feelings, questions about the situation/topic |
    | Relating | Personal and theoretical understandings relevant to the situation/topic | Making the connections between the situation/topic and your experience, skills, knowledge, and understanding |
    | Reasoning | Your explanation of the situation/topic | Explaining the situation/topic in terms of the significant factors, relevant theories, and experiences |
    | Reconstruction | Drawing conclusions and developing a future actionable plan | Your deeper level of understanding about the situation/topic that is used to reframe or reconstruct your future practice and further develop your understanding of professional practice (application) |

    The 5R Framework of Self-Reflection
    Adapted from: Bain, J. D., Ballantyne, R., Mills, C., & Lester, N. C. (2002). Reflecting on practice: Student teachers’ perspectives. Post Pressed.

    · Download the
    [Module 3 Assignment Template (Word document)](https://waldenu.instructure.com/courses/164259/files/12991359?wrap=1) [Download Module 3 Assignment Template (Word document)](https://waldenu.instructure.com/courses/164259/files/12991359/download?download_frd=1). Note: Be sure to keep a copy of your completed Assignment this week, as you will be adding to the same file for your Week 10 and 11 Assignments.

    · As you reflect on your learning and experiences so far, consider your strengths, weaknesses, skills, and the knowledge you have gained as a leader and a follower—both in the classroom and beyond. With those thoughts in mind, construct Part 1 of your leadership profile, being sure to incorporate examples of personal experiences as well as citations for relevant academic resources from the classroom, the library, and other appropriate scholarly sources.

    Submit Part 1 of your leadership profile as follows:

    Part 1: Perspectives on Leadership/Leadership Values (4–5 pages)

    For the first part of your leadership profile, you will describe how you can/will apply positive leadership skills in pursuit of social change, be it in your professional or personal life. Be sure to incorporate the following:

    **Emotional Intelligence**

    · Analyze the importance of the five elements of emotional intelligence in being a strong leader: self-awareness, self-regulation, social skills, empathy, and motivation. Specifically:

    · How do these elements affect the leader-follower relationship?

    · How do they improve a leader’s ability to promote change?

    ![](https://www.sweetstudy.com/questions/week-5-assigment-20902869)**Developing a Diverse and Inclusive Environment**

    · Analyze the interdependency of diversity and inclusion.

    · Examine what diversity and inclusion look like in the workplace, as well as the benefits of having/developing a diverse working environment.

    · Summarize how you have worked/will work as a leader to promote diversity and inclusion in your work environment.

    ![](https://www.sweetstudy.com/questions/week-5-assigment-20902869)**The Power of Networking**

    · Based on your personal and professional experiences, examine the relationship of establishing and maintaining a professional network to your own leadership.

    · How can a strong network benefit both a rising leader and an established leader?

    · How can the use of networks enhance one’s ability to become an agent of positive social change?

    ## image1.png

    ## image2.png

  • [Solved] Business Finance – Management Week 6 Assignment

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    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management) **Leadership For Good: Part 2** **Note:** This Assignment is divided into two parts. This week, you will add to your Week 5 Assignment by completing Part 2 and submit your entire leadership profile in this wee…

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    Assignment Prompt & Instructions

    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management)

    **Leadership For Good: Part 2**

    **Note:** This Assignment is divided into two parts. This week, you will add to your Week 5 Assignment by completing Part 2 and submit your entire leadership profile in this week’s Assignment.

    As you will recall from your Week 5 Assignment, in recognition of your growth as a leader, you have been given the opportunity to join a professional leadership network. As part of your membership, you must create a unique leadership profile that focuses on your passion and your purpose for leadership, as well as your goals. This is your opportunity to present your leadership reflections and perspectives to others in your network and to create connections that may lead to professional experiences in the future. Last week, you engaged in reflection and created the first part of your leadership profile, which focused on your perspectives on leadership and your leadership values. This week, you will focus on your passion and purpose for leadership.

    **To prepare for this Assignment:**

    · Read the “Foreword” (pp. iii–viii) and “Introduction” (pp. 1–10), as well as one or more of the following excerpts to review examples of other business leaders’ stories of “passion and purpose.”

    o Coleman, J., Gulati, D., & Segovia, W. O. (2012). _Passion and purpose: Stories from the best and brightest young business leaders_. Harvard Business School Publishing.

    § “Interview with David Gergen: Advisor to Four Presidents, Director of Harvard’s Center for Political Leadership, and Senior Political Analyst for CNN,” pp. 47–54

    § “Globalization: Embracing the Global Generation,” pp. 55–60 “People: Leading in a Diverse World,” pp. 99–138

    § “Sustainability: Integrating Preservation and Profits,” pp. 139–170

    § “Learning: Educating Tomorrow’s Leaders,” pp. 197–202

    § “Moving Forward,” pp. 243–245

    § “Capstone Interview with Nitin Nohira: Dean of the Harvard Business School,” pp. 246–253

    · Return to your Module 3 Assignment Template to complete Part 2 of your leadership profile. Be sure to incorporate any necessary revisions to your entire document before submitting the final version.

    · With those thoughts in mind, construct Part 2 of your leadership profile, being sure to incorporate examples of personal experiences, as well as citations for relevant academic resources from the classroom, the library, and other appropriate scholarly sources.

    **Submit** your final leadership profile, including all requirements for Part 2 as follows:

    **Part 2: Passion and Purpose for Leadership (4–5 pages)**

    For the second part of your leadership profile, you will share your own “passion and purpose” story, similar to those from _Passion and Purpose: Stories From the Best and Brightest Young Business Leaders_. Considering your self-reflection, your personal and professional experience, and the other ideas related to leadership that you have explored in your studies so far, address the following:

    · Create a narrative describing your passion and the purpose you see for yourself. Be sure to address the following questions as you construct your narrative:

    o What is most important to you in life?

    o What do you want the focus of your professional life to be?

    o How do you plan to (or currently) incorporate social responsibility and ethical decision making into your life and work?

    o What kind of positive difference do you want to make in the world?

    · Analyze how obtaining your degree at Walden will better equip you to pursue your passion and fulfill your purpose. Be sure to address the following in your analysis:

    o How do your passion and purpose align to Walden’s mission of positive social change?

    o How does Walden’s mission impact your experience as you study here—including the knowledge and skills you will take from this program and how that knowledge and those skills will shape your future and support you to make a positive difference?

    – [\
    \
    Week6LearningResources.docx](https://www.sweetstudy.com/files/week6learningresources-docx-10278143 "Week6LearningResources.docx")

    – a year ago

  • [Solved] Week 6-Discussion 2

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    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management) **A Self-Reflection** In this Discussion, you will reflect on your experiences throughout the course, addressing some of the highlights of the course, what knowledge or skills you have gained, the challenges y…

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    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management)

    **A Self-Reflection**

    In this Discussion, you will reflect on your experiences throughout the course, addressing some of the highlights of the course, what knowledge or skills you have gained, the challenges you faced, and how you have grown both personally and professionally.

    **To prepare for this Discussion:**

    · Consider all that you have examined in this course so far and how any insights gained will be useful to you in your professional practice.

    **Post** your self-reflection of experiences throughout the course. Be sure to address the following:

    · Describe any specific topics, lessons, or activities that stood out and made a significant impact on your learning experience. Explain why?

    · Describe new knowledge or skills you acquired during the course.

    · Explain how you might apply the new knowledge and skills to help you become a more effective agent of positive social change.

    · Describe how you see the concepts and lessons learned in this course being applicable to real-life situations or your future career path. Be specific.

    · Reflect on any challenges or obstacles you encountered during the course, describe how you overcame them, and what you learned from doing so.

    – a year ago

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    [>Accounting homework help](https://www.sweetstudy.com/fields/business-finance-accounting) – a year ago

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    – a year ago

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    [>Accounting homework help](https://www.sweetstudy.com/fields/business-finance-accounting) Job evaluation is the process of comparing a job against other jobs within the organization to determine the appropriate pay rate. There are four primary methods of job evaluations used to set compensation lev…

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    [>Accounting homework help](https://www.sweetstudy.com/fields/business-finance-accounting)

    Job evaluation is the process of comparing a job against other jobs within the organization to determine the appropriate pay rate. There are four primary methods of job evaluations used to set compensation levels: point factor, factor comparison, job ranking, and job classification. Historically, evaluations have mainly been internal comparisons of job worth; however, in recent years employers often prefer to use a combination of internal comparisons and external market benchmarking to obtain the most accurate data.

    In this assessment, select the most appropriate job evaluation method for the organization you identified in your first two assessments.(Southern Wellness & Care LLC

    In a 3–4 page paper:

    – Analyze the advantages and disadvantages of each of the four job evaluation methods: point factor, factor comparison, job ranking, and job classification.
    – Describe how an employer would use external market benchmarking during the job evaluation process.
    – Analyze which job evaluation method would be the most effective for the same company you used as the focus in the previous assessments. Also consider whether you would use internal comparisons of job worth only, or you would use a combination of internal comparisons and external marketing. Justify your reasoning.

    – a year ago

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    [>Accounting homework help](https://www.sweetstudy.com/fields/business-finance-accounting) – a year ago **files (2)** – ## Assignmentweek7.docx – ## PMP_Project_Management_Professional_Exam_Study_Gui…_—-_Pg_209–213.pdf **## Assignmentweek7.docx** The purpose of this case study assignme…

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    – a year ago

    **files (2)**

    – ## Assignmentweek7.docx

    – ## PMP_Project_Management_Professional_Exam_Study_Gui…_—-_Pg_209–213.pdf

    **## Assignmentweek7.docx**

    The purpose of this case study assignment is to guide you through the process of constructing a Logical Framework (LogFrame) and a Quality Template. These documents are essential for successfully managing a project.

    Read the "Kitchen Heaven Project Case Study" in Chapter 4 in
    _PMP: Project Management Professional Exam Study Guide_, found in the topic Resources. Complete the following in the "Logical Framework Template" (from Part 1 of the case study assignment) and the "Quality Template," found in the Class Resources:

    **_Part 1: Logical Framework Template (Columns B-D)_**

    In this section of the assignment, you will complete the Success Measures and Verification for each component (Columns B-D) of the "Logical Framework Template" based on the information provided. Specific requirements are as follows:

    1. The Goal should include a minimum of two success measures and their associated verification methods.

    2. The Purpose should have at least two success measures and related verification methods.

    3. Each Outcome should encompass a minimum of two success measures with their corresponding verification methods.

    4. You should have a minimum total of 10 success measures and corresponding verification methods: two for Goal + two for Purpose + six for Outcomes (two for each of your three Outcomes).

    **_Part 2: Quality Template_**

    Identify three groups or individuals for each Goal, Purpose, and Outcome success measure who need to be informed. Fill in Columns A-F, lifting information from your logical framework approach
    where appropriate.

    _**Part 3: Justification**_

    Provide a written defense, ranging from 250 to 500 words, explaining how each success measure and its associated validation methods align with and support the project's objectives.

    **_General Requirements_**

    APA style is not required, but solid academic writing is expected.

    This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

    You are required to submit this assignment to LopesWrite. A link to the LopesWrite technical support articles is located in Class Resources if you need assistance.

    **## PMP_Project_Management_Professional_Exam_Study_Gui…_—-_Pg_209–213.pdf**

    Chapter

    4
    Creating the Project
    Schedule

    The PMP® exaM conTenT froM The
    Planning PerforMance doMain covered
    in This chaPTer includes The following:

    ✓ Task 4: develop the project schedule based on the
    approved project deliverables and milestones, scope, and
    resource management plans in order to manage timely
    completion of the project.

    ✓ Knowledge and skills:

    ■ Time management planning, including scheduling tools and

    techniques

    ■ Workflow diagramming techniques

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

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    The Planning process group has more processes than any
    other process group. As a result, a lot of time and effort goes
    into the Planning processes of any project. On some projects,

    you might spend almost as much time planning the project as you do executing and
    controlling it. This isn’t a bad thing. The better planning you do up front, the more likely
    you’ll have a successful project. Speaking of planning, together the Planning, Executing,
    and Monitoring and Controlling process groups account for almost 70 percent of the PMP®
    exam questions, so plan on spending about the same percentage of your study time on these
    areas.

    This is another fun‐filled, action‐packed chapter. We’ll start off by defining the
    schedule management plan and then move on to the activities that become the work of
    the project. The WBS will come in handy here, so keep it close. Then we’ll sequence the
    activities in their proper order, estimate the resources we’ll need to complete the work,
    and estimate how long each activity will take. Last but not least, we’ll develop the project
    schedule.

    Everything you’ve done up to this point and the processes we’ll discuss in this chapter
    will help you create an accurate project schedule. You’ll use these documents (along with
    several other documents you’ve created along the way) throughout the Executing and
    Monitoring and Controlling processes to help measure the progress of the project. Let’s get
    going.

    The process names, inputs, tools and techniques, outputs, and
    descriptions of the project management process groups and related
    materials and figures in this chapter are based on content from A Guide to
    the Project Management Body of Knowledge (PMBOK® Guide), Fifth Edition
    (PMI, 2013).

    Creating the Schedule
    Management Plan
    The Plan Schedule Management process describes how the project schedule will be
    developed, executed, and controlled as well as how changes will be incorporated into the
    project schedule. According to A Guide to the Project Management Body of Knowledge
    (PMBOK® Guide), Fifth Edition, the primary benefit of this process is that it helps guide

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

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    Creating the Schedule Management Plan 153

    and direct how the project schedule will be managed. The only output of this process is
    the schedule management plan. Let’s first look at the inputs and the tools and techniques
    of this process and spend most of our time examining the schedule management
    plan itself.

    The inputs of this process include the project management plan, project charter,
    enterprise environmental factors, and organizational process assets. The project
    management plan includes the scope baseline, which in turn is made up of the project
    scope statement, WBS, and WBS dictionary. The project schedule will be derived from the
    WBS (which includes deliverables and work package levels), so the scope baseline is key to
    defining the processes you’ll use to develop the schedule management plan.

    Enterprise environmental factors include the culture of the organization and availability
    of resources as well as the project management software and work authorization system
    the organization uses to assign and track work components. The organizational process
    assets that are important to this process are templates, change control processes, historical
    information, policies and guidelines for schedule control, control tools for managing
    schedules, and risk control processes and procedures.

    We have seen all of the tools and techniques before. They are expert judgment,
    analytical techniques, and meetings.

    The key to this process, as I stated earlier, is the schedule management plan, which
    is an element of the project management plan. It is the only output of this process, and
    it serves to describe how the project schedule will be developed, monitored, controlled,
    and changed. According to the PMBOK® Guide, several elements make up the schedule
    management plan. Be certain to review all of them. I have highlighted the most important
    elements here:

    Schedule Model Development This refers to the methodologies and tools you’ll use to
    develop the schedule (for example, Oracle Primavera or Microsoft Project), along with the
    data they contain.

    Accuracy Levels This element describes the rounding you’ll use when deriving activity
    duration estimates. For example, you might round to the nearest week, day, or hour
    depending on the complexity of the project.

    Units of Measure This element also concerns activity duration estimates as well as
    schedule activities. This describes what measure you’ll use when developing the schedule,
    such as hours, days, weeks, or some other measure.

    Control Thresholds Control thresholds refer to the level of variance the schedule can
    experience before you take action. Again, depending on the complexity of the project, this
    might be a generous amount of time or a very limited amount of time. You can express
    thresholds in terms of hours or days (as an example, a slippage of greater than three days
    requires action) or, most typically, as a percentage of time.

    Performance Measurement Rules This refers to where and what types of measures you’ll
    use to verify schedule performance. This could include designating levels on the WBS and/
    or determining what type of earned value measurement technique you’ll use.

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

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    154 Chapter 4 ■ Creating the Project Schedule

    Defining Activities
    Now you’re off and running toward the development of your project schedule. To develop
    the schedule, you first need to define the activities, sequence them in the right order,
    estimate resources, and estimate the time it will take to complete the tasks. I’ll cover the
    Define Activities process here and the Sequence Activities process next, and I’ll pick up
    with the estimating processes in the next chapter.

    Define Activities and Sequence Activities are separate processes, each
    with its own inputs, tools and techniques, and outputs. In practice,
    especially for small to medium‐sized projects, you can combine the Create
    WBS process we talked about in Chapter 3, “Developing the Project Scope
    Statement,” with these processes and complete them all at once.

    The Define Activities process is a further breakdown of the work package elements
    of the WBS. It documents the specific activities needed to fulfill the deliverables detailed
    on the WBS and the project scope statement. Much as with the work package level of the
    WBS, activities can be easily assigned, estimated, scheduled, and controlled. The Define
    Activities process might be performed by the project manager, or when the WBS is broken
    down to the subproject level, this process (and all the activity‐related processes that follow)
    might be assigned to a subproject manager.

    define activities Process inputs
    The following are inputs (including the key elements of each input) to the Define Activities
    process:

    ■ Schedule management plan

    ■ Scope baseline (including deliverables, constraints, and assumptions)

    ■ Enterprise environmental factors (project management information systems,
    organizational culture, published commercial databases)

    ■ Organizational process assets (existing guidelines and policies, templates, lessons
    learned knowledge base, and historical information)

    Tools and Techniques for defining activities
    The tools and techniques of the Define Activities process are as follows:

    ■ Decomposition

    ■ Rolling wave planning

    ■ Expert judgment

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

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    Defining Activities 155

    We covered most of these topics in the previous chapter. Decomposition in this process
    involves breaking the work packages into smaller, more manageable units of work
    called activities. These are not deliverables but the individual units of work that must be
    completed to fulfill the work packages and the deliverables listed in the WBS. Activities will
    help in later Planning processes to define estimates and create the project schedule. Activity
    lists (which are one of the outputs of this process) from prior projects can be used as
    templates in this process. Rolling wave planning involves planning near‐term work in more
    detail than future‐term work. As we discussed in Chapter 3, this is a form of progressive
    elaboration. Expert judgment, in the form of project team members with prior experience
    developing project scope statements and WBSs, can help you define activities.

    Exam Spotlight

    The purpose of the Define Activities process is to decompose the work packages into
    schedule activities where the basis for estimating, scheduling, executing, and monitoring
    and controlling the work of the project is easily supported and accomplished.

    define activities outputs
    Define Activities has three outputs:

    ■ Activity list

    ■ Activity attributes

    ■ Milestone list

    We’ll look at each of these outputs next.

    activity list
    One primary output of the Define Activities process is an activity list. The activity list
    should contain all the schedule activities that will be performed for the project, with a
    scope of work description of each activity and an identifier (such as a code or number)
    so that team members understand what the work is and how it is to be completed. The
    schedule activities are individual elements of the project schedule, and the activity list
    document is part of the project documents. To keep your sanity, and that of your team
    members, make certain to enter the activity names onto the schedule the same way they
    appear on the activity list.

    activity attributes
    Activity attributes describe the characteristics of the activities and are an extension of the
    activity list. Activity attributes will change over the life of the project as more information
    is known. In the early stages of the project, activity attributes might include the activity ID,
    the WBS identification code it’s associated with, and the activity name. As you progress

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

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    **## PMP_Project_Management_Professional_Exam_Study_Gui…_—-_Pg_209–213.pdf**

    Chapter

    4
    Creating the Project
    Schedule

    The PMP® exaM conTenT froM The
    Planning PerforMance doMain covered
    in This chaPTer includes The following:

    ✓ Task 4: develop the project schedule based on the
    approved project deliverables and milestones, scope, and
    resource management plans in order to manage timely
    completion of the project.

    ✓ Knowledge and skills:

    ■ Time management planning, including scheduling tools and

    techniques

    ■ Workflow diagramming techniques

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

    C
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    The Planning process group has more processes than any
    other process group. As a result, a lot of time and effort goes
    into the Planning processes of any project. On some projects,

    you might spend almost as much time planning the project as you do executing and
    controlling it. This isn’t a bad thing. The better planning you do up front, the more likely
    you’ll have a successful project. Speaking of planning, together the Planning, Executing,
    and Monitoring and Controlling process groups account for almost 70 percent of the PMP®
    exam questions, so plan on spending about the same percentage of your study time on these
    areas.

    This is another fun‐filled, action‐packed chapter. We’ll start off by defining the
    schedule management plan and then move on to the activities that become the work of
    the project. The WBS will come in handy here, so keep it close. Then we’ll sequence the
    activities in their proper order, estimate the resources we’ll need to complete the work,
    and estimate how long each activity will take. Last but not least, we’ll develop the project
    schedule.

    Everything you’ve done up to this point and the processes we’ll discuss in this chapter
    will help you create an accurate project schedule. You’ll use these documents (along with
    several other documents you’ve created along the way) throughout the Executing and
    Monitoring and Controlling processes to help measure the progress of the project. Let’s get
    going.

    The process names, inputs, tools and techniques, outputs, and
    descriptions of the project management process groups and related
    materials and figures in this chapter are based on content from A Guide to
    the Project Management Body of Knowledge (PMBOK® Guide), Fifth Edition
    (PMI, 2013).

    Creating the Schedule
    Management Plan
    The Plan Schedule Management process describes how the project schedule will be
    developed, executed, and controlled as well as how changes will be incorporated into the
    project schedule. According to A Guide to the Project Management Body of Knowledge
    (PMBOK® Guide), Fifth Edition, the primary benefit of this process is that it helps guide

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

    C
    op

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    J

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    Creating the Schedule Management Plan 153

    and direct how the project schedule will be managed. The only output of this process is
    the schedule management plan. Let’s first look at the inputs and the tools and techniques
    of this process and spend most of our time examining the schedule management
    plan itself.

    The inputs of this process include the project management plan, project charter,
    enterprise environmental factors, and organizational process assets. The project
    management plan includes the scope baseline, which in turn is made up of the project
    scope statement, WBS, and WBS dictionary. The project schedule will be derived from the
    WBS (which includes deliverables and work package levels), so the scope baseline is key to
    defining the processes you’ll use to develop the schedule management plan.

    Enterprise environmental factors include the culture of the organization and availability
    of resources as well as the project management software and work authorization system
    the organization uses to assign and track work components. The organizational process
    assets that are important to this process are templates, change control processes, historical
    information, policies and guidelines for schedule control, control tools for managing
    schedules, and risk control processes and procedures.

    We have seen all of the tools and techniques before. They are expert judgment,
    analytical techniques, and meetings.

    The key to this process, as I stated earlier, is the schedule management plan, which
    is an element of the project management plan. It is the only output of this process, and
    it serves to describe how the project schedule will be developed, monitored, controlled,
    and changed. According to the PMBOK® Guide, several elements make up the schedule
    management plan. Be certain to review all of them. I have highlighted the most important
    elements here:

    Schedule Model Development This refers to the methodologies and tools you’ll use to
    develop the schedule (for example, Oracle Primavera or Microsoft Project), along with the
    data they contain.

    Accuracy Levels This element describes the rounding you’ll use when deriving activity
    duration estimates. For example, you might round to the nearest week, day, or hour
    depending on the complexity of the project.

    Units of Measure This element also concerns activity duration estimates as well as
    schedule activities. This describes what measure you’ll use when developing the schedule,
    such as hours, days, weeks, or some other measure.

    Control Thresholds Control thresholds refer to the level of variance the schedule can
    experience before you take action. Again, depending on the complexity of the project, this
    might be a generous amount of time or a very limited amount of time. You can express
    thresholds in terms of hours or days (as an example, a slippage of greater than three days
    requires action) or, most typically, as a percentage of time.

    Performance Measurement Rules This refers to where and what types of measures you’ll
    use to verify schedule performance. This could include designating levels on the WBS and/
    or determining what type of earned value measurement technique you’ll use.

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

    C
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    re
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    rv
    ed

    .

    154 Chapter 4 ■ Creating the Project Schedule

    Defining Activities
    Now you’re off and running toward the development of your project schedule. To develop
    the schedule, you first need to define the activities, sequence them in the right order,
    estimate resources, and estimate the time it will take to complete the tasks. I’ll cover the
    Define Activities process here and the Sequence Activities process next, and I’ll pick up
    with the estimating processes in the next chapter.

    Define Activities and Sequence Activities are separate processes, each
    with its own inputs, tools and techniques, and outputs. In practice,
    especially for small to medium‐sized projects, you can combine the Create
    WBS process we talked about in Chapter 3, “Developing the Project Scope
    Statement,” with these processes and complete them all at once.

    The Define Activities process is a further breakdown of the work package elements
    of the WBS. It documents the specific activities needed to fulfill the deliverables detailed
    on the WBS and the project scope statement. Much as with the work package level of the
    WBS, activities can be easily assigned, estimated, scheduled, and controlled. The Define
    Activities process might be performed by the project manager, or when the WBS is broken
    down to the subproject level, this process (and all the activity‐related processes that follow)
    might be assigned to a subproject manager.

    define activities Process inputs
    The following are inputs (including the key elements of each input) to the Define Activities
    process:

    ■ Schedule management plan

    ■ Scope baseline (including deliverables, constraints, and assumptions)

    ■ Enterprise environmental factors (project management information systems,
    organizational culture, published commercial databases)

    ■ Organizational process assets (existing guidelines and policies, templates, lessons
    learned knowledge base, and historical information)

    Tools and Techniques for defining activities
    The tools and techniques of the Define Activities process are as follows:

    ■ Decomposition

    ■ Rolling wave planning

    ■ Expert judgment

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

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    Defining Activities 155

    We covered most of these topics in the previous chapter. Decomposition in this process
    involves breaking the work packages into smaller, more manageable units of work
    called activities. These are not deliverables but the individual units of work that must be
    completed to fulfill the work packages and the deliverables listed in the WBS. Activities will
    help in later Planning processes to define estimates and create the project schedule. Activity
    lists (which are one of the outputs of this process) from prior projects can be used as
    templates in this process. Rolling wave planning involves planning near‐term work in more
    detail than future‐term work. As we discussed in Chapter 3, this is a form of progressive
    elaboration. Expert judgment, in the form of project team members with prior experience
    developing project scope statements and WBSs, can help you define activities.

    Exam Spotlight

    The purpose of the Define Activities process is to decompose the work packages into
    schedule activities where the basis for estimating, scheduling, executing, and monitoring
    and controlling the work of the project is easily supported and accomplished.

    define activities outputs
    Define Activities has three outputs:

    ■ Activity list

    ■ Activity attributes

    ■ Milestone list

    We’ll look at each of these outputs next.

    activity list
    One primary output of the Define Activities process is an activity list. The activity list
    should contain all the schedule activities that will be performed for the project, with a
    scope of work description of each activity and an identifier (such as a code or number)
    so that team members understand what the work is and how it is to be completed. The
    schedule activities are individual elements of the project schedule, and the activity list
    document is part of the project documents. To keep your sanity, and that of your team
    members, make certain to enter the activity names onto the schedule the same way they
    appear on the activity list.

    activity attributes
    Activity attributes describe the characteristics of the activities and are an extension of the
    activity list. Activity attributes will change over the life of the project as more information
    is known. In the early stages of the project, activity attributes might include the activity ID,
    the WBS identification code it’s associated with, and the activity name. As you progress

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

    C
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    .

    **## Assignmentweek7.docx**

    The purpose of this case study assignment is to guide you through the process of constructing a Logical Framework (LogFrame) and a Quality Template. These documents are essential for successfully managing a project.

    Read the "Kitchen Heaven Project Case Study" in Chapter 4 in
    _PMP: Project Management Professional Exam Study Guide_, found in the topic Resources. Complete the following in the "Logical Framework Template" (from Part 1 of the case study assignment) and the "Quality Template," found in the Class Resources:

    **_Part 1: Logical Framework Template (Columns B-D)_**

    In this section of the assignment, you will complete the Success Measures and Verification for each component (Columns B-D) of the "Logical Framework Template" based on the information provided. Specific requirements are as follows:

    1. The Goal should include a minimum of two success measures and their associated verification methods.

    2. The Purpose should have at least two success measures and related verification methods.

    3. Each Outcome should encompass a minimum of two success measures with their corresponding verification methods.

    4. You should have a minimum total of 10 success measures and corresponding verification methods: two for Goal + two for Purpose + six for Outcomes (two for each of your three Outcomes).

    **_Part 2: Quality Template_**

    Identify three groups or individuals for each Goal, Purpose, and Outcome success measure who need to be informed. Fill in Columns A-F, lifting information from your logical framework approach
    where appropriate.

    _**Part 3: Justification**_

    Provide a written defense, ranging from 250 to 500 words, explaining how each success measure and its associated validation methods align with and support the project's objectives.

    **_General Requirements_**

    APA style is not required, but solid academic writing is expected.

    This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

    You are required to submit this assignment to LopesWrite. A link to the LopesWrite technical support articles is located in Class Resources if you need assistance.

    **## PMP_Project_Management_Professional_Exam_Study_Gui…_—-_Pg_209–213.pdf**

    Chapter

    4
    Creating the Project
    Schedule

    The PMP® exaM conTenT froM The
    Planning PerforMance doMain covered
    in This chaPTer includes The following:

    ✓ Task 4: develop the project schedule based on the
    approved project deliverables and milestones, scope, and
    resource management plans in order to manage timely
    completion of the project.

    ✓ Knowledge and skills:

    ■ Time management planning, including scheduling tools and

    techniques

    ■ Workflow diagramming techniques

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

    C
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    J

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    . A

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    .

    The Planning process group has more processes than any
    other process group. As a result, a lot of time and effort goes
    into the Planning processes of any project. On some projects,

    you might spend almost as much time planning the project as you do executing and
    controlling it. This isn’t a bad thing. The better planning you do up front, the more likely
    you’ll have a successful project. Speaking of planning, together the Planning, Executing,
    and Monitoring and Controlling process groups account for almost 70 percent of the PMP®
    exam questions, so plan on spending about the same percentage of your study time on these
    areas.

    This is another fun‐filled, action‐packed chapter. We’ll start off by defining the
    schedule management plan and then move on to the activities that become the work of
    the project. The WBS will come in handy here, so keep it close. Then we’ll sequence the
    activities in their proper order, estimate the resources we’ll need to complete the work,
    and estimate how long each activity will take. Last but not least, we’ll develop the project
    schedule.

    Everything you’ve done up to this point and the processes we’ll discuss in this chapter
    will help you create an accurate project schedule. You’ll use these documents (along with
    several other documents you’ve created along the way) throughout the Executing and
    Monitoring and Controlling processes to help measure the progress of the project. Let’s get
    going.

    The process names, inputs, tools and techniques, outputs, and
    descriptions of the project management process groups and related
    materials and figures in this chapter are based on content from A Guide to
    the Project Management Body of Knowledge (PMBOK® Guide), Fifth Edition
    (PMI, 2013).

    Creating the Schedule
    Management Plan
    The Plan Schedule Management process describes how the project schedule will be
    developed, executed, and controlled as well as how changes will be incorporated into the
    project schedule. According to A Guide to the Project Management Body of Knowledge
    (PMBOK® Guide), Fifth Edition, the primary benefit of this process is that it helps guide

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

    C
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    J

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    Creating the Schedule Management Plan 153

    and direct how the project schedule will be managed. The only output of this process is
    the schedule management plan. Let’s first look at the inputs and the tools and techniques
    of this process and spend most of our time examining the schedule management
    plan itself.

    The inputs of this process include the project management plan, project charter,
    enterprise environmental factors, and organizational process assets. The project
    management plan includes the scope baseline, which in turn is made up of the project
    scope statement, WBS, and WBS dictionary. The project schedule will be derived from the
    WBS (which includes deliverables and work package levels), so the scope baseline is key to
    defining the processes you’ll use to develop the schedule management plan.

    Enterprise environmental factors include the culture of the organization and availability
    of resources as well as the project management software and work authorization system
    the organization uses to assign and track work components. The organizational process
    assets that are important to this process are templates, change control processes, historical
    information, policies and guidelines for schedule control, control tools for managing
    schedules, and risk control processes and procedures.

    We have seen all of the tools and techniques before. They are expert judgment,
    analytical techniques, and meetings.

    The key to this process, as I stated earlier, is the schedule management plan, which
    is an element of the project management plan. It is the only output of this process, and
    it serves to describe how the project schedule will be developed, monitored, controlled,
    and changed. According to the PMBOK® Guide, several elements make up the schedule
    management plan. Be certain to review all of them. I have highlighted the most important
    elements here:

    Schedule Model Development This refers to the methodologies and tools you’ll use to
    develop the schedule (for example, Oracle Primavera or Microsoft Project), along with the
    data they contain.

    Accuracy Levels This element describes the rounding you’ll use when deriving activity
    duration estimates. For example, you might round to the nearest week, day, or hour
    depending on the complexity of the project.

    Units of Measure This element also concerns activity duration estimates as well as
    schedule activities. This describes what measure you’ll use when developing the schedule,
    such as hours, days, weeks, or some other measure.

    Control Thresholds Control thresholds refer to the level of variance the schedule can
    experience before you take action. Again, depending on the complexity of the project, this
    might be a generous amount of time or a very limited amount of time. You can express
    thresholds in terms of hours or days (as an example, a slippage of greater than three days
    requires action) or, most typically, as a percentage of time.

    Performance Measurement Rules This refers to where and what types of measures you’ll
    use to verify schedule performance. This could include designating levels on the WBS and/
    or determining what type of earned value measurement technique you’ll use.

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

    C
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    154 Chapter 4 ■ Creating the Project Schedule

    Defining Activities
    Now you’re off and running toward the development of your project schedule. To develop
    the schedule, you first need to define the activities, sequence them in the right order,
    estimate resources, and estimate the time it will take to complete the tasks. I’ll cover the
    Define Activities process here and the Sequence Activities process next, and I’ll pick up
    with the estimating processes in the next chapter.

    Define Activities and Sequence Activities are separate processes, each
    with its own inputs, tools and techniques, and outputs. In practice,
    especially for small to medium‐sized projects, you can combine the Create
    WBS process we talked about in Chapter 3, “Developing the Project Scope
    Statement,” with these processes and complete them all at once.

    The Define Activities process is a further breakdown of the work package elements
    of the WBS. It documents the specific activities needed to fulfill the deliverables detailed
    on the WBS and the project scope statement. Much as with the work package level of the
    WBS, activities can be easily assigned, estimated, scheduled, and controlled. The Define
    Activities process might be performed by the project manager, or when the WBS is broken
    down to the subproject level, this process (and all the activity‐related processes that follow)
    might be assigned to a subproject manager.

    define activities Process inputs
    The following are inputs (including the key elements of each input) to the Define Activities
    process:

    ■ Schedule management plan

    ■ Scope baseline (including deliverables, constraints, and assumptions)

    ■ Enterprise environmental factors (project management information systems,
    organizational culture, published commercial databases)

    ■ Organizational process assets (existing guidelines and policies, templates, lessons
    learned knowledge base, and historical information)

    Tools and Techniques for defining activities
    The tools and techniques of the Define Activities process are as follows:

    ■ Decomposition

    ■ Rolling wave planning

    ■ Expert judgment

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

    C
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    J

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    Defining Activities 155

    We covered most of these topics in the previous chapter. Decomposition in this process
    involves breaking the work packages into smaller, more manageable units of work
    called activities. These are not deliverables but the individual units of work that must be
    completed to fulfill the work packages and the deliverables listed in the WBS. Activities will
    help in later Planning processes to define estimates and create the project schedule. Activity
    lists (which are one of the outputs of this process) from prior projects can be used as
    templates in this process. Rolling wave planning involves planning near‐term work in more
    detail than future‐term work. As we discussed in Chapter 3, this is a form of progressive
    elaboration. Expert judgment, in the form of project team members with prior experience
    developing project scope statements and WBSs, can help you define activities.

    Exam Spotlight

    The purpose of the Define Activities process is to decompose the work packages into
    schedule activities where the basis for estimating, scheduling, executing, and monitoring
    and controlling the work of the project is easily supported and accomplished.

    define activities outputs
    Define Activities has three outputs:

    ■ Activity list

    ■ Activity attributes

    ■ Milestone list

    We’ll look at each of these outputs next.

    activity list
    One primary output of the Define Activities process is an activity list. The activity list
    should contain all the schedule activities that will be performed for the project, with a
    scope of work description of each activity and an identifier (such as a code or number)
    so that team members understand what the work is and how it is to be completed. The
    schedule activities are individual elements of the project schedule, and the activity list
    document is part of the project documents. To keep your sanity, and that of your team
    members, make certain to enter the activity names onto the schedule the same way they
    appear on the activity list.

    activity attributes
    Activity attributes describe the characteristics of the activities and are an extension of the
    activity list. Activity attributes will change over the life of the project as more information
    is known. In the early stages of the project, activity attributes might include the activity ID,
    the WBS identification code it’s associated with, and the activity name. As you progress

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

    C
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    J

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    or
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    . A

    ll
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    s

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    ed

    .

    **## Assignmentweek7.docx**

    The purpose of this case study assignment is to guide you through the process of constructing a Logical Framework (LogFrame) and a Quality Template. These documents are essential for successfully managing a project.

    Read the "Kitchen Heaven Project Case Study" in Chapter 4 in
    _PMP: Project Management Professional Exam Study Guide_, found in the topic Resources. Complete the following in the "Logical Framework Template" (from Part 1 of the case study assignment) and the "Quality Template," found in the Class Resources:

    **_Part 1: Logical Framework Template (Columns B-D)_**

    In this section of the assignment, you will complete the Success Measures and Verification for each component (Columns B-D) of the "Logical Framework Template" based on the information provided. Specific requirements are as follows:

    1. The Goal should include a minimum of two success measures and their associated verification methods.

    2. The Purpose should have at least two success measures and related verification methods.

    3. Each Outcome should encompass a minimum of two success measures with their corresponding verification methods.

    4. You should have a minimum total of 10 success measures and corresponding verification methods: two for Goal + two for Purpose + six for Outcomes (two for each of your three Outcomes).

    **_Part 2: Quality Template_**

    Identify three groups or individuals for each Goal, Purpose, and Outcome success measure who need to be informed. Fill in Columns A-F, lifting information from your logical framework approach
    where appropriate.

    _**Part 3: Justification**_

    Provide a written defense, ranging from 250 to 500 words, explaining how each success measure and its associated validation methods align with and support the project's objectives.

    **_General Requirements_**

    APA style is not required, but solid academic writing is expected.

    This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

    You are required to submit this assignment to LopesWrite. A link to the LopesWrite technical support articles is located in Class Resources if you need assistance.

    **## PMP_Project_Management_Professional_Exam_Study_Gui…_—-_Pg_209–213.pdf**

    Chapter

    4
    Creating the Project
    Schedule

    The PMP® exaM conTenT froM The
    Planning PerforMance doMain covered
    in This chaPTer includes The following:

    ✓ Task 4: develop the project schedule based on the
    approved project deliverables and milestones, scope, and
    resource management plans in order to manage timely
    completion of the project.

    ✓ Knowledge and skills:

    ■ Time management planning, including scheduling tools and

    techniques

    ■ Workflow diagramming techniques

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

    C
    op

    yr
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    5.
    J

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    or
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    . A

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    s

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    .

    The Planning process group has more processes than any
    other process group. As a result, a lot of time and effort goes
    into the Planning processes of any project. On some projects,

    you might spend almost as much time planning the project as you do executing and
    controlling it. This isn’t a bad thing. The better planning you do up front, the more likely
    you’ll have a successful project. Speaking of planning, together the Planning, Executing,
    and Monitoring and Controlling process groups account for almost 70 percent of the PMP®
    exam questions, so plan on spending about the same percentage of your study time on these
    areas.

    This is another fun‐filled, action‐packed chapter. We’ll start off by defining the
    schedule management plan and then move on to the activities that become the work of
    the project. The WBS will come in handy here, so keep it close. Then we’ll sequence the
    activities in their proper order, estimate the resources we’ll need to complete the work,
    and estimate how long each activity will take. Last but not least, we’ll develop the project
    schedule.

    Everything you’ve done up to this point and the processes we’ll discuss in this chapter
    will help you create an accurate project schedule. You’ll use these documents (along with
    several other documents you’ve created along the way) throughout the Executing and
    Monitoring and Controlling processes to help measure the progress of the project. Let’s get
    going.

    The process names, inputs, tools and techniques, outputs, and
    descriptions of the project management process groups and related
    materials and figures in this chapter are based on content from A Guide to
    the Project Management Body of Knowledge (PMBOK® Guide), Fifth Edition
    (PMI, 2013).

    Creating the Schedule
    Management Plan
    The Plan Schedule Management process describes how the project schedule will be
    developed, executed, and controlled as well as how changes will be incorporated into the
    project schedule. According to A Guide to the Project Management Body of Knowledge
    (PMBOK® Guide), Fifth Edition, the primary benefit of this process is that it helps guide

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

    C
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    J

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    .

    Creating the Schedule Management Plan 153

    and direct how the project schedule will be managed. The only output of this process is
    the schedule management plan. Let’s first look at the inputs and the tools and techniques
    of this process and spend most of our time examining the schedule management
    plan itself.

    The inputs of this process include the project management plan, project charter,
    enterprise environmental factors, and organizational process assets. The project
    management plan includes the scope baseline, which in turn is made up of the project
    scope statement, WBS, and WBS dictionary. The project schedule will be derived from the
    WBS (which includes deliverables and work package levels), so the scope baseline is key to
    defining the processes you’ll use to develop the schedule management plan.

    Enterprise environmental factors include the culture of the organization and availability
    of resources as well as the project management software and work authorization system
    the organization uses to assign and track work components. The organizational process
    assets that are important to this process are templates, change control processes, historical
    information, policies and guidelines for schedule control, control tools for managing
    schedules, and risk control processes and procedures.

    We have seen all of the tools and techniques before. They are expert judgment,
    analytical techniques, and meetings.

    The key to this process, as I stated earlier, is the schedule management plan, which
    is an element of the project management plan. It is the only output of this process, and
    it serves to describe how the project schedule will be developed, monitored, controlled,
    and changed. According to the PMBOK® Guide, several elements make up the schedule
    management plan. Be certain to review all of them. I have highlighted the most important
    elements here:

    Schedule Model Development This refers to the methodologies and tools you’ll use to
    develop the schedule (for example, Oracle Primavera or Microsoft Project), along with the
    data they contain.

    Accuracy Levels This element describes the rounding you’ll use when deriving activity
    duration estimates. For example, you might round to the nearest week, day, or hour
    depending on the complexity of the project.

    Units of Measure This element also concerns activity duration estimates as well as
    schedule activities. This describes what measure you’ll use when developing the schedule,
    such as hours, days, weeks, or some other measure.

    Control Thresholds Control thresholds refer to the level of variance the schedule can
    experience before you take action. Again, depending on the complexity of the project, this
    might be a generous amount of time or a very limited amount of time. You can express
    thresholds in terms of hours or days (as an example, a slippage of greater than three days
    requires action) or, most typically, as a percentage of time.

    Performance Measurement Rules This refers to where and what types of measures you’ll
    use to verify schedule performance. This could include designating levels on the WBS and/
    or determining what type of earned value measurement technique you’ll use.

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

    C
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    s

    re
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    rv
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    .

    154 Chapter 4 ■ Creating the Project Schedule

    Defining Activities
    Now you’re off and running toward the development of your project schedule. To develop
    the schedule, you first need to define the activities, sequence them in the right order,
    estimate resources, and estimate the time it will take to complete the tasks. I’ll cover the
    Define Activities process here and the Sequence Activities process next, and I’ll pick up
    with the estimating processes in the next chapter.

    Define Activities and Sequence Activities are separate processes, each
    with its own inputs, tools and techniques, and outputs. In practice,
    especially for small to medium‐sized projects, you can combine the Create
    WBS process we talked about in Chapter 3, “Developing the Project Scope
    Statement,” with these processes and complete them all at once.

    The Define Activities process is a further breakdown of the work package elements
    of the WBS. It documents the specific activities needed to fulfill the deliverables detailed
    on the WBS and the project scope statement. Much as with the work package level of the
    WBS, activities can be easily assigned, estimated, scheduled, and controlled. The Define
    Activities process might be performed by the project manager, or when the WBS is broken
    down to the subproject level, this process (and all the activity‐related processes that follow)
    might be assigned to a subproject manager.

    define activities Process inputs
    The following are inputs (including the key elements of each input) to the Define Activities
    process:

    ■ Schedule management plan

    ■ Scope baseline (including deliverables, constraints, and assumptions)

    ■ Enterprise environmental factors (project management information systems,
    organizational culture, published commercial databases)

    ■ Organizational process assets (existing guidelines and policies, templates, lessons
    learned knowledge base, and historical information)

    Tools and Techniques for defining activities
    The tools and techniques of the Define Activities process are as follows:

    ■ Decomposition

    ■ Rolling wave planning

    ■ Expert judgment

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

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    Defining Activities 155

    We covered most of these topics in the previous chapter. Decomposition in this process
    involves breaking the work packages into smaller, more manageable units of work
    called activities. These are not deliverables but the individual units of work that must be
    completed to fulfill the work packages and the deliverables listed in the WBS. Activities will
    help in later Planning processes to define estimates and create the project schedule. Activity
    lists (which are one of the outputs of this process) from prior projects can be used as
    templates in this process. Rolling wave planning involves planning near‐term work in more
    detail than future‐term work. As we discussed in Chapter 3, this is a form of progressive
    elaboration. Expert judgment, in the form of project team members with prior experience
    developing project scope statements and WBSs, can help you define activities.

    Exam Spotlight

    The purpose of the Define Activities process is to decompose the work packages into
    schedule activities where the basis for estimating, scheduling, executing, and monitoring
    and controlling the work of the project is easily supported and accomplished.

    define activities outputs
    Define Activities has three outputs:

    ■ Activity list

    ■ Activity attributes

    ■ Milestone list

    We’ll look at each of these outputs next.

    activity list
    One primary output of the Define Activities process is an activity list. The activity list
    should contain all the schedule activities that will be performed for the project, with a
    scope of work description of each activity and an identifier (such as a code or number)
    so that team members understand what the work is and how it is to be completed. The
    schedule activities are individual elements of the project schedule, and the activity list
    document is part of the project documents. To keep your sanity, and that of your team
    members, make certain to enter the activity names onto the schedule the same way they
    appear on the activity list.

    activity attributes
    Activity attributes describe the characteristics of the activities and are an extension of the
    activity list. Activity attributes will change over the life of the project as more information
    is known. In the early stages of the project, activity attributes might include the activity ID,
    the WBS identification code it’s associated with, and the activity name. As you progress

    Heldman, Kim. PMP: Project Management Professional Exam Study Guide : Updated for the 2015 Exam, John Wiley & Sons, Incorporated, 2015. ProQuest
    Ebook Central, http://ebookcentral.proquest.com/lib/gcu/detail.action?docID=4185201.
    Created from gcu on 2025-04-29 22:53:50.

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    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management) ## Scenario You have been asked to evaluate Company A and Company B and make your recommendation for acquiring one or both companies. Based on your initial assessment, you have created balanced scorecards for …

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    Assignment Prompt & Instructions

    [>Management homework help](https://www.sweetstudy.com/fields/business-finance-management)

    ## Scenario

    You have been asked to evaluate Company A and Company B and make your recommendation for acquiring one or both companies. Based on your initial assessment, you have created balanced scorecards for both companies. You are now ready to analyze the information you have gathered so far about the two companies so that you can compare the costs, benefits, and risks associated with acquiring each company and make a well-informed decision.

    In this milestone, you will first analyze the current situation of TransGlobal Airlines using the given data and other sources to understand their business environment. You will also evaluate the performance of Company A and Company B using the balanced scorecards you created in Milestone One.

    ## Prompt

    Write a report with your performance evaluation of the three companies involved in the acquisition.

    Specifically, you must address the following rubric criteria:

    1. **Situation Analysis of TransGlobal Airlines (parent company).** Use the provided TransGlobal [Company Information](https://learn.snhu.edu/content/enforced/1894521-MBA-620-10749.202518-1/Course%20Documents/MBA%20620%20TransGlobal%20Airlines%20Information.pdf?ou=1894521) and [Financials](https://learn.snhu.edu/content/enforced/1894521-MBA-620-10749.202518-1/Course%20Documents/MBA%20620%20Transglobal%20AirLines%20Financial%20Information.xlsx?ou=1894521) to highlight the company’s current business environment.

    1. Internal environment: culture, leadership, internal processes, human resources, operations, and financial performance
    2. External environment: competitive, market, regulatory, customers, suppliers, and other relevant stakeholders
    2. **Balanced Scorecard Analysis of Company A.**Using the balanced scorecard for Company A from Milestone One, describe your analysis of Company A’s performance. Perform a cost-benefit-risk analysis to explain whether the benefits justify the costs of acquisition.

    1. **Opportunity cost**: What will it cost to move forward with this opportunity?
    2. **Risk:** Identify and explain the magnitude (low, medium, or high) of the risks this acquisition poses to the parent company related to its market, financial, cultural, and operational environments.
    3. **Balanced Scorecard Analysis of Company B.**Using the balanced scorecard for Company B from Milestone One, describe your analysis of Company B’s performance. Perform a cost-benefit-risk analysis to explain whether the benefits justify the costs of acquisition.

    1. **Opportunity cost:** What will it cost to move forward with this opportunity?
    2. **Risk:** Identify and explain the magnitude (low, medium, or high) of the risks this acquisition poses to the parent company related to its market, financial, cultural, and operational environments.

    ## What to Submit

    Submit a 6- to 8-page Word document using double spacing, 12-point Times New Roman font, and one-inch margins. If references are included, they should be cited in APA format

    – [\
    \
    MBA620TransGlobalAirlinesInformation3.pdf](https://www.sweetstudy.com/files/mba620transglobalairlinesinformation3-pdf-10278373 "MBA620TransGlobalAirlinesInformation3.pdf")
    – [\
    \
    MBA620TransglobalAirLinesFinancialInformation1.xlsx](https://www.sweetstudy.com/files/mba620transglobalairlinesfinancialinformation1-xlsx-10278375 "MBA620TransglobalAirLinesFinancialInformation1.xlsx")

    – a year ago