Individual project 2 Essay Example | Topics and Well Written Essays - 500 words - 1

Individual project 2 - Essay Example On the other hand, NASDAQ is highly automated in operations. Trading at NASDAQ happens in the invisible trading system. The second major difference is based on the types of stocks that are traded at each exchange. NASDAQ focuses on high growth IT and Telecommunications industry. Most of the Silicon Valley biggies are actively traded on NASDAQ. Even, IT companies from other countries are listing themselves at NASDAQ through the allowable investment routes. At the same time NYSE focuses on the traditional market consisting of auto, electronic and semiconductors, etc. The charges for listing in NYSE are as high as $250,000 while that for NASDAQ is $150,000. NASDAQ is seemed to be a highly volatile market while NYSE is less volatile. This is also known as the Sarbanes-Oxley Act (SOX). The Sarbanes-Oxley Act may be defined as â€Å"An act passed by U.S. Congress in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations.† (Investopedia, 2012) The SOX was a result of various well known scams in the early 2000 such as Enron, Tyco and WorldCom. The act lays down various rules and guidelines that have to be followed mandatorily by an organization. The act applies to all publicly listed companies and its two main objectives are investor protection and prohibition of misrepresentation of financial data. The administrative authority of the act is the Securities and Exchange Commission (SEC). As per the Act, a business firm should maintain their financial records at least for a period of five years failing which the concerned authority will be subjected to fines and/or imprisonment. This Act also applies to those companies from other countries that are listed in the US stock markets. The act has brought about changes even to the composition of the board of an organization. Post the act, it is mandatory for all public companies to form an audit committee as part of the board of directors. Companies are also not supposed to

Project Management - Bubble Bee Case part 2 [sap4] Essay

Project Management - Bubble Bee Case part 2 [sap4] - Essay Example This permits removal or alteration of work assignments of the tasks affected. Leveling creates splits in the work that is remaining. This will ensure that over-allocated tasks are split before the instance of over-allocation. It restarts the remaining portion of the task at some point in time when resources are sufficient. 3. It is not easy to wholesomely resolve the over-allocation challenge, though the project end-date cannot be moved out. The reason is when using the "slack" meaning that the amount of time in which activities are delayed without the project end-date getting affected, cannot delay some tasks. Leveling only within existing slack† is an endeavor to reorganize the schedule through taking the benefit of the slack that is obtainable to resolving the problem without protracting the project. 4. Constrained resource means that the project has scarce resource though the time provided is agile. By leveling outside the slack, the over allocation challenges are settled. Nevertheless, the project duration which is 135 days, is significantly increased to 150 days. The new finish date will be 6/20/2012, instead of 5/23/2013. The managerial connotation results in the delay of the following projects employing similar resources. The critical path will be altered while project costs are increased. For instance, trial marketing will have to wait for the shelf life report to be produced. The project will delay due to the resource constraint while idle resources are costly. 6. I have learned that Gantt chart provides situations of tracking project progress as well as mapping the performance of schedule, cost and time. Leveling of resources has also allowed me to understand the implication of manipulating tasks falling within and outside the critical path. I now know that the project manager rearranges the logic of the network where critical activities are set in parallel as opposed to sequential arrangement. I have also learned that Gantt charts determine th e critical paths and aid the planners to estimate costs and guide the project to meet its obligations. Through leveling of resources, I have known use of MS project as a powerful tool to establish under or over allocation of tasks, resources and costs. The software is a quick win for project managers involved in handling large projects spanning more than two years. I am now confident in using PERT/CPM and Gantt charts to guide projects. 7. The project on bubble bee gum is optimal and can proceed without straining available resources Table 1: Gantt chart with the schedule table after leveling within slack Table 2: Gantt chart with the schedule table after leveling outside the slack References Project Management Institute. (2004). A Guide to the Project Management Body of Knowledge: PMBOK ® Guide, 3rd Edition. Newtown Square, Pennsylvania, Project Managemen