New Test Development Project Risk Monitoring and Control Assignment

New Test Development Project Risk Monitoring and Control - Assignment Example Basically, the project monitoring and evaluation in this project management are meant to provide objective and reliable up to date information about the progress of the project and as such helps eliminate unnecessary risks. Four basic indicator systems will be used in the project monitoring and control which includes; Schedule Performance Monitoring, Program Metrics, Technical Performance Measurement (TPM) and Earned Value (EV) (Kerzner, 2006). An in-depth monitoring and control of scheduled risks will be conducted to gauge the extent of the damages caused by such risks if any will be undertaken during the project implementation. After 30days, the project management staff will conduct a scheduled performance monitoring indicator to establish whether the time allowed for a risk that may occur as a result of the delay caused by the NATA in granting accreditation of the assays was within the acceptable limits. This process will be done to ensure that the overall implementation period of the project is not compromised by risks caused by NATA. The project monitoring and control tool will also be used to check the effectiveness of the rejection of the risk to proceed to offer service without NATA accreditation. The process will find out if adopting the risk would have dented the image of a project as earlier been presumed. There are other risks such as technical risks that have been identified as possible causes of delays in the implementation of this project. However, program metrics and earned value (EV) are some of the indicator approaches that will be used to monitor and control the adopted response strategies. The project has adopted risks such as the failure of assay design, challenged validation report by NATA assessor and service redundancy. Likewise, during the implementation of the project risk monitoring will be done against the above-named risks to estimate the effectiveness of the decision of adopting them.  

Financial Ratio for Krispy Kreme and BCG Matrix for McDonald's Assignment

Financial Ratio for Krispy Kreme and BCG Matrix for McDonald's - Assignment Example The measurement considers all assets including inventory, accounts receivable, and fixed assets. The lower the ratio, the more slowly the firm’s sales are. Comparing the number to past years company data is important in order to see trends that have developed. In addition, comparing it to the industry standard is useful in order to see how the company compares to its prime competitors. If a problem exists with a low ratio, it could be possible that one or more of the firm’s asset categories have problems that need addressing. (Peavler, pp 1-2). Krispy Kreme’s total assets turnover ratio of 1.9 times is better than its prime competitors of McDonalds and Starbucks. McDonald's has a current total assets turnover of .80 times, while Starbucks Corporation has a current total assets turnover of 1.7 times. (ADVFN, PLC) Hence, this is listed as an overall strength or competitive advantage for Krispy Kreme. The second ratio examined is Krispy Kreme’s debt to equity ratio. The ratio is calculated as Total liabilities / Stockholder’s Equity. A high debt to equity ratio would indicate that the company has financed its growth through debt. The main issues would be if the company overextended itself and took on too much debt, or if it has to shoulder a large amount of interest due to the existing debt. High or increasing debt ratios in relation to equity can be dangerous since it would indicate that the company is being financed by creditors instead of internal cash flows. (www.enterpernuer.com website). Krispy Kreme’s debt to equity ratio of 1.05 is higher than its prime competitors. McDonalds Corporation has a .81 ratio, while Starbucks has a low .18 ratio. (ADVFN, PLC). Overall, 1.05 of Krispy Kreme is not an evident weakness, since using some leverage is not considered a clear weakness. The third ratio examined is the return on equity ratio. It is calculated as follows: Net income / Common Equity. This ratio is especially useful for shareholders who are interested in knowing what profits earned by the company can be made available to pay dividends.