It is a typical Christmas electronics shopping season, and makers of flat-panel TVs are marketingthe latest available models through their own Web sites as well as via retailers such as Best Buy andWalmart. Each manufacturer offers its own uons of flat-panel TVs in differing arrays ofshapes and sizes. As usual, each is hoping to maintain a stream of economic profits earned since itfirst introduced
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It is a typical Christmas electronics shopping season, and makers of flat-panel TVs are marketing
the latest available models through their own Web sites as well as via retailers such as Best Buy and
Walmart. Each manufacturer offers its own uons of flat-panel TVs in differing arrays of
shapes and sizes. As usual, each is hoping to maintain a stream of economic profits earned since it
first introduced these most recent models late last year or perhaps just a few months before
Christmas. Nevertheless, as sales figures arrive at the headquarters of companies such as Dell,
Samsung, Sharp, and Sony, it is clear that most of the companies will end up earning only a normal
rate of return this year. (See page 560.)
a. How can makers of flat-panel TVs earn economic profits during the first few months after the
introduction of new models?
b. What economic forces result in the dissipation of economic profits earned by manufacturers of
flat-panel TVs?
Assignment2
Project Management Reading Review Exercise Week 5
The following questions are meant to help you discover essential knowledge regarding the project
management process. Discuss each of these questions in a written paper. About 150-300 words
should be sufficient for each question. This will provide an intelligible learning review and add to
substantially to your knowledge base. Upload your answers to Moodle for review by the course
professor. Submission will be worth 50 points towards the week’s grade.
Recognize that Monitoring & Controlling (M&C) takes place throughout the entire project.
Value the important requirement placed on project managers to adhere to the scope baseline.
Describe the purpose of the Perform Integrated Change Control Process.
Examine Dr. Deming’s viewpoint that quality is built into the process, and not inspected in the
operation.
Examine the risk and procurement implications particular to project management.
Note: when doing these exercises you may find relevant content in your book that is not covered in
the reading assignment. Use your book as a reference source as well as reading the weekly
assigned chapters. This will help you gain familiarity with this resource which should be beneficial
throughout the course.
In addition please use 2 additional references either from the internet or books you may have in your
possession in order to fill in some of the "gaps" that may have not been addressed in the "Monitoring
and Controlling Process Group" presentation you reviewed here in Moodle.
Good reading,
Assignment3
Class - Please review the attached "Earned Value Management reading" (in Course home page)
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