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Words 7447

Pages 30

Scheduling the Project

This chapter covers the topic of scheduling, probably the most extensively covered subject dealing with project management. In addition to the usual PERT and CPM networks, Gantt charts, etc., the subject of project uncertainty and risk management is also discussed. The use of computer simulation to generate the approximate distribution of project completion times is also discussed. Appendix C illustrates how Crystal Ball can facilitate this analysis and be used to help better understand the implications of schedule uncertainty.

Cases and Readings

A case appropriate to the subject of this chapter is:

Harvard: 9-613-021 Arrow Diagramming Exercise This 3-page case describes the marketing campaign for a newly developed industrial hardware item. Over two-dozen activities are noted and described. The case asks for the network diagram and critical path.

A reading appropriate to the subject of this chapter is:

L.P. Leach. Critical Chain Project Management Improves Project Performance (Project Management Journal, June 1999, p. 39-51). This article explains the procedures developed by E. Goldratt in his Critical Chain approach to project management. Includes a discussion of project and feeder buffers. Projects using the critical chain often report significantly improved schedule, cost, and scope performance.

Answers to Review Questions

1. By definition, critical tasks are those tasks that if delayed will delay the completion of the entire project. Therefore, these tasks should be managed more closely than non-critical tasks. (In cases where the activity times are not known with certainty, the tasks assumed to be critical at the beginning of the project may turn out not to be so critical. Therefore, when task times are uncertain, all tasks that may reasonably delay project completion must be carefully…...

...ch05.qxd 9/27/04 4:19 PM Page 174 CHAPTER Q1 Q2 Q3 Q4 Q5 Q6 Job Costing In Brief Custom products and services, which are produced singly or in small batches, need to be valued for financial statements, tax reporting, and management monitoring. Job costing is an accounting method used to assign product costs to custom products or services. In job costing, direct costs are traced and overhead costs are allocated to individual jobs. Sometimes defects occur in custom products. Defective units can sometimes be reworked. The costs for both spoilage and rework need to be accounted for, as does the cost of scrap that arises from production. This Chapter Addresses the Following Questions: How are costs assigned to customized goods and services? How is overhead allocated to individual jobs? What is the difference between actual costing and normal costing? What are the uses and limitations of job cost information? How are spoilage, rework, and scrap handled in job costing? What are the quality and behavioral implications of spoilage? ch05.qxd 9/27/04 4:19 PM Page 175 BOMBARDIER: CUSTOM MANUFACTURING n 1942, the Canadian company L’AutoNeige Bombardier Limitée began manufacturing tracked vehicles for snow-covered terrain. These vehicles were early models of what later became snowmobiles. In English, L’Auto-Neige means snow car. Over time, the company developed expertise in building engines and expanded into other markets such as personal watercraft, aircraft, subway cars,......

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...merchandiser that sells directly to consumers? A. Retailer B. Wholesaler C. Customer D. Service enterprise Correct! A merchandiser that sells directly to consumers is called a retailer. 3. Which is true about a wholesaler? A. It is a company that sells to consumers at a discount. B. It conducts large sales for consumers on a recurring basis. C. It sells to another business, which will sell to a consuming customer. D. It sells only to manufacturing companies. Correct! A wholesaler is the intermediary. It buys from one business and sells to another business that will resell to customers. 4. Which of the following statements about a periodic inventory system is true? higheredbcs.wiley.com/legacy/college/kimmel/1118162285/self_test/ch05.html?newwindow=true 1/11 8/4/13 Chapter 5 Results A. Companies determine cost of goods sold only at the end of the accounting period. B. Companies continously maintain detailed records of the cost of each inventory purchase and sale. C. The periodic system provides better control over inventories than a perpetual system. D. The increased use of computerized systems has increased the use of the periodic system. Correct! Under the periodic inventory system, cost of goods sold is determined at the end of the accounting period. 5. The operating cycle of a merchandising company is ordinarily ___________________ that of a service firm. A. the same as B. shorter than C. longer than D. has fewer steps than Correct! Due to......

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...Ch05 ControlSys-4e-A&S 03-21, 03-22-2013 Chapter 5 INDUSTRIAL CONTROL SYSTEMS REVIEW QUESTIONS 5.1 What is industrial control? Answer: As defined in the text, industrial control is the automatic regulation of unit operations and their associated equipment as well as the integration and coordination of the unit operations in the larger production system. 5.2 What is the difference between a continuous variable and a discrete variable? Answer: A continuous variable is one that is uninterrupted as time proceeds, and it is generally considered to be analog, which means it can take on any value within a certain range. A discrete variable is one that can take on only certain values within a given range, such as on or off. 5.3 Name and briefly define each of the three types of discrete variables. Answer: The three types of discrete variables are (1) binary, (2) discrete other than binary, and (3) pulse data. Binary means the variable can take on either of two possible values, ON or OFF, open or closed, and so on. Discrete variables other than binary are variables that can take on more than two possible values but less than an infinite number. Pulse data consist of a series of pulses and each pulse can be counted. 5.4 What is the difference between a continuous control system and a discrete control system? Answer: A continuous control system is one in which the variables and parameters are continuous and analog. A discrete control system is......

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...ACC 560 Entire Course Managerial Accounting http://homeworklance.com/downloads/acc-560-entire-course-managerial-accounting/ ACC 560 Week 1 HW Ch01 – Exercises 5, 8, 12, and 16, Problems 1 and 4 ACC 560 Week 2 HW Ch02 – Exercises 4, 9, 11, and 12, Problems 1 and 5 ACC 560 Week 2 HW Ch03 – Exercises 2, 5, 6, and 13, Problems 1 and 6 ACC 560 Week 2 Quiz 1 ACC 560 Week 3 Assignment 1 – Activity-based Costing (ABC) in Service Industries ACC 560 Week 3 HW Ch04 – Exercise 2, 3, 9, and 12, Problems 2 and 4 ACC 560 Week 3 Quiz 2 ACC 560 Week 3 Quiz 3 ACC 560 Week 4 HW Ch05 – Exercises 8, 13, 14, and 17, Problems 1 and 5 ACC 560 Week 4 HW Ch06 – Exercises 5, 10, 13, and 14, Problems 1 and 5 ACC 560 Week 4 Quiz 4 ACC 560 Week 5 HW Ch07 – Exercises 2, 5, 9, and 17, Problems 1 and 4 ACC 560 Week 5 HW Ch08 – Exercises 4, 5, 10, and 16, Problems 1 and 6 ACC 560 Week 5 Quiz 5 ACC 560 Week 5 Quiz 6 ACC 560 Week 6 HW Ch09 – Exercises 2, 6, 17, and 19, Problems 2 and 4 ACC 560 Week 6 HW Ch10 – Exercise 3, 7, 13, and 19, Problems 1 and 4 ACC 560 Week 6 Quiz 7 ACC 560 Week 6 Quiz 8 ACC 560 Week 7 HW Ch11 – Exercises 2, 4, 14, and 16, Problems 1 and 4 ACC 560 Week 7 Quiz 9 ACC 560 Week 7 Quiz 10 ACC 560 Week 8 HW Ch12 – Exercises 3, 6, 7, and 11, Problems 1 and 3 ACC 560 Week 8 Quiz 11 ACC 560 Week 9 Assignment 2 – Johnson Controls Capital Investments ACC 560 Week 9 HW Ch13 – Exercise 1, 3, 5, and 8, Problems 2 and 5 ACC 560 Week 9 Quiz 12 ACC 560 Week 10 HW Ch14 –...

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...ACC 560 Complete Class Click Link Below To Buy: http://hwcampus.com/shop/acc-560/acc-560-complete-class/ Or Visit www.hwcampus.com ACC 560 Complete Class ACC 560 Week 1 HW Ch01 – Exercises 5, 8, 12, and 16, Problems 1 and 4 ACC 560 Week 2 HW Ch02 – Exercises 4, 9, 11, and 12, Problems 1 and 5 ACC 560 Week 2 HW Ch03 – Exercises 2, 5, 6, and 13, Problems 1 and 6 ACC 560 Week 2 Quiz 1 ACC 560 Week 3 Assignment 1 – Activity-based Costing (ABC) in Service Industries ACC 560 Week 3 HW Ch04 – Exercise 2, 3, 9, and 12, Problems 2 and 4 ACC 560 Week 3 Quiz 2 ACC 560 Week 3 Quiz 3 ACC 560 Week 4 HW Ch05 – Exercises 8, 13, 14, and 17, Problems 1 and 5 ACC 560 Week 4 HW Ch06 – Exercises 5, 10, 13, and 14, Problems 1 and 5 ACC 560 Week 4 Quiz 4 ACC 560 Week 5 HW Ch07 – Exercises 2, 5, 9, and 17, Problems 1 and 4 ACC 560 Week 5 HW Ch08 – Exercises 4, 5, 10, and 16, Problems 1 and 6 ACC 560 Week 5 Quiz 5 ACC 560 Week 5 Quiz 6 ACC 560 Week 6 HW Ch09 – Exercises 2, 6, 17, and 19, Problems 2 and 4 ACC 560 Week 6 HW Ch10 – Exercise 3, 7, 13, and 19, Problems 1 and 4 ACC 560 Week 6 Quiz 7 ACC 560 Week 6 Quiz 8 ACC 560 Week 7 HW Ch11 – Exercises 2, 4, 14, and 16, Problems 1 and 4 ACC 560 Week 7 Quiz 9 ACC 560 Week 7 Quiz 10 ACC 560 Week 8 HW Ch12 – Exercises 3, 6, 7, and 11, Problems 1 and 3 ACC 560 Week 8 Quiz 11 ACC 560 Week 9 Assignment 2 – Johnson Controls Capital Investments ACC 560 Week 9 HW Ch13 – Exercise 1, 3, 5, and 8, Problems 2 and 5 ACC 560......

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...ACC 560 Entire Course Managerial Accounting http://homeworklance.com/downloads/acc-560-entire-course-managerial-accounting/ ACC 560 Week 1 HW Ch01 – Exercises 5, 8, 12, and 16, Problems 1 and 4 ACC 560 Week 2 HW Ch02 – Exercises 4, 9, 11, and 12, Problems 1 and 5 ACC 560 Week 2 HW Ch03 – Exercises 2, 5, 6, and 13, Problems 1 and 6 ACC 560 Week 2 Quiz 1 ACC 560 Week 3 Assignment 1 – Activity-based Costing (ABC) in Service Industries ACC 560 Week 3 HW Ch04 – Exercise 2, 3, 9, and 12, Problems 2 and 4 ACC 560 Week 3 Quiz 2 ACC 560 Week 3 Quiz 3 ACC 560 Week 4 HW Ch05 – Exercises 8, 13, 14, and 17, Problems 1 and 5 ACC 560 Week 4 HW Ch06 – Exercises 5, 10, 13, and 14, Problems 1 and 5 ACC 560 Week 4 Quiz 4 ACC 560 Week 5 HW Ch07 – Exercises 2, 5, 9, and 17, Problems 1 and 4 ACC 560 Week 5 HW Ch08 – Exercises 4, 5, 10, and 16, Problems 1 and 6 ACC 560 Week 5 Quiz 5 ACC 560 Week 5 Quiz 6 ACC 560 Week 6 HW Ch09 – Exercises 2, 6, 17, and 19, Problems 2 and 4 ACC 560 Week 6 HW Ch10 – Exercise 3, 7, 13, and 19, Problems 1 and 4 ACC 560 Week 6 Quiz 7 ACC 560 Week 6 Quiz 8 ACC 560 Week 7 HW Ch11 – Exercises 2, 4, 14, and 16, Problems 1 and 4 ACC 560 Week 7 Quiz 9 ACC 560 Week 7 Quiz 10 ACC 560 Week 8 HW Ch12 – Exercises 3, 6, 7, and 11, Problems 1 and 3 ACC 560 Week 8 Quiz 11 ACC 560 Week 9 Assignment 2 – Johnson Controls Capital Investments ACC 560 Week 9 HW Ch13 – Exercise 1, 3, 5, and 8, Problems 2 and 5 ACC 560 Week 9 Quiz 12 ACC 560 Week 10 HW Ch14 –...

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...ACC 560 Complete Class Click Link Below To Buy: http://hwcampus.com/shop/acc-560/acc-560-complete-class/ Or Visit www.hwcampus.com ACC 560 Complete Class ACC 560 Week 1 HW Ch01 – Exercises 5, 8, 12, and 16, Problems 1 and 4 ACC 560 Week 2 HW Ch02 – Exercises 4, 9, 11, and 12, Problems 1 and 5 ACC 560 Week 2 HW Ch03 – Exercises 2, 5, 6, and 13, Problems 1 and 6 ACC 560 Week 2 Quiz 1 ACC 560 Week 3 Assignment 1 – Activity-based Costing (ABC) in Service Industries ACC 560 Week 3 HW Ch04 – Exercise 2, 3, 9, and 12, Problems 2 and 4 ACC 560 Week 3 Quiz 2 ACC 560 Week 3 Quiz 3 ACC 560 Week 4 HW Ch05 – Exercises 8, 13, 14, and 17, Problems 1 and 5 ACC 560 Week 4 HW Ch06 – Exercises 5, 10, 13, and 14, Problems 1 and 5 ACC 560 Week 4 Quiz 4 ACC 560 Week 5 HW Ch07 – Exercises 2, 5, 9, and 17, Problems 1 and 4 ACC 560 Week 5 HW Ch08 – Exercises 4, 5, 10, and 16, Problems 1 and 6 ACC 560 Week 5 Quiz 5 ACC 560 Week 5 Quiz 6 ACC 560 Week 6 HW Ch09 – Exercises 2, 6, 17, and 19, Problems 2 and 4 ACC 560 Week 6 HW Ch10 – Exercise 3, 7, 13, and 19, Problems 1 and 4 ACC 560 Week 6 Quiz 7 ACC 560 Week 6 Quiz 8 ACC 560 Week 7 HW Ch11 – Exercises 2, 4, 14, and 16, Problems 1 and 4 ACC 560 Week 7 Quiz 9 ACC 560 Week 7 Quiz 10 ACC 560 Week 8 HW Ch12 – Exercises 3, 6, 7, and 11, Problems 1 and 3 ACC 560 Week 8 Quiz 11 ACC 560 Week 9 Assignment 2 – Johnson Controls Capital Investments ACC 560 Week 9 HW Ch13 – Exercise 1, 3, 5, and 8, Problems 2 and 5 ACC 560......

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...ACC 560 Entire Course Managerial Accounting http://homeworklance.com/downloads/acc-560-entire-course-managerial-accounting/ ACC 560 Week 1 HW Ch01 – Exercises 5, 8, 12, and 16, Problems 1 and 4 ACC 560 Week 2 HW Ch02 – Exercises 4, 9, 11, and 12, Problems 1 and 5 ACC 560 Week 2 HW Ch03 – Exercises 2, 5, 6, and 13, Problems 1 and 6 ACC 560 Week 2 Quiz 1 ACC 560 Week 3 Assignment 1 – Activity-based Costing (ABC) in Service Industries ACC 560 Week 3 HW Ch04 – Exercise 2, 3, 9, and 12, Problems 2 and 4 ACC 560 Week 3 Quiz 2 ACC 560 Week 3 Quiz 3 ACC 560 Week 4 HW Ch05 – Exercises 8, 13, 14, and 17, Problems 1 and 5 ACC 560 Week 4 HW Ch06 – Exercises 5, 10, 13, and 14, Problems 1 and 5 ACC 560 Week 4 Quiz 4 ACC 560 Week 5 HW Ch07 – Exercises 2, 5, 9, and 17, Problems 1 and 4 ACC 560 Week 5 HW Ch08 – Exercises 4, 5, 10, and 16, Problems 1 and 6 ACC 560 Week 5 Quiz 5 ACC 560 Week 5 Quiz 6 ACC 560 Week 6 HW Ch09 – Exercises 2, 6, 17, and 19, Problems 2 and 4 ACC 560 Week 6 HW Ch10 – Exercise 3, 7, 13, and 19, Problems 1 and 4 ACC 560 Week 6 Quiz 7 ACC 560 Week 6 Quiz 8 ACC 560 Week 7 HW Ch11 – Exercises 2, 4, 14, and 16, Problems 1 and 4 ACC 560 Week 7 Quiz 9 ACC 560 Week 7 Quiz 10 ACC 560 Week 8 HW Ch12 – Exercises 3, 6, 7, and 11, Problems 1 and 3 ACC 560 Week 8 Quiz 11 ACC 560 Week 9 Assignment 2 – Johnson Controls Capital Investments ACC 560 Week 9 HW Ch13 – Exercise 1, 3, 5, and 8, Problems 2 and 5 ACC 560 Week 9 Quiz 12 ACC 560 Week 10 HW Ch14 –...

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...ACC 560 Entire Course Managerial Accounting http://homeworklance.com/downloads/acc-560-entire-course-managerial-accounting/ ACC 560 Entire Course Managerial Accounting ACC 560 Week 1 HW Ch01 – Exercises 5, 8, 12, and 16, Problems 1 and 4 ACC 560 Week 2 HW Ch02 – Exercises 4, 9, 11, and 12, Problems 1 and 5 ACC 560 Week 2 HW Ch03 – Exercises 2, 5, 6, and 13, Problems 1 and 6 ACC 560 Week 2 Quiz 1 ACC 560 Week 3 Assignment 1 – Activity-based Costing (ABC) in Service Industries ACC 560 Week 3 HW Ch04 – Exercise 2, 3, 9, and 12, Problems 2 and 4 ACC 560 Week 3 Quiz 2 ACC 560 Week 3 Quiz 3 ACC 560 Week 4 HW Ch05 – Exercises 8, 13, 14, and 17, Problems 1 and 5 ACC 560 Week 4 HW Ch06 – Exercises 5, 10, 13, and 14, Problems 1 and 5 ACC 560 Week 4 Quiz 4 ACC 560 Week 5 HW Ch07 – Exercises 2, 5, 9, and 17, Problems 1 and 4 ACC 560 Week 5 HW Ch08 – Exercises 4, 5, 10, and 16, Problems 1 and 6 ACC 560 Week 5 Quiz 5 ACC 560 Week 5 Quiz 6 ACC 560 Week 6 HW Ch09 – Exercises 2, 6, 17, and 19, Problems 2 and 4 ACC 560 Week 6 HW Ch10 – Exercise 3, 7, 13, and 19, Problems 1 and 4 ACC 560 Week 6 Quiz 7 ACC 560 Week 6 Quiz 8 ACC 560 Week 7 HW Ch11 – Exercises 2, 4, 14, and 16, Problems 1 and 4 ACC 560 Week 7 Quiz 9 ACC 560 Week 7 Quiz 10 ACC 560 Week 8 HW Ch12 – Exercises 3, 6, 7, and 11, Problems 1 and 3 ACC 560 Week 8 Quiz 11 ACC 560 Week 9 Assignment 2 – Johnson Controls Capital Investments ACC 560 Week 9 HW Ch13 – Exercise 1, 3, 5, and 8, Problems 2 and......

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...ACC 560 Complete Class Click Link Below To Buy: http://hwcampus.com/shop/acc-560/acc-560-complete-class/ Or Visit www.hwcampus.com ACC 560 Complete Class ACC 560 Week 1 HW Ch01 – Exercises 5, 8, 12, and 16, Problems 1 and 4 ACC 560 Week 2 HW Ch02 – Exercises 4, 9, 11, and 12, Problems 1 and 5 ACC 560 Week 2 HW Ch03 – Exercises 2, 5, 6, and 13, Problems 1 and 6 ACC 560 Week 2 Quiz 1 ACC 560 Week 3 Assignment 1 – Activity-based Costing (ABC) in Service Industries ACC 560 Week 3 HW Ch04 – Exercise 2, 3, 9, and 12, Problems 2 and 4 ACC 560 Week 3 Quiz 2 ACC 560 Week 3 Quiz 3 ACC 560 Week 4 HW Ch05 – Exercises 8, 13, 14, and 17, Problems 1 and 5 ACC 560 Week 4 HW Ch06 – Exercises 5, 10, 13, and 14, Problems 1 and 5 ACC 560 Week 4 Quiz 4 ACC 560 Week 5 HW Ch07 – Exercises 2, 5, 9, and 17, Problems 1 and 4 ACC 560 Week 5 HW Ch08 – Exercises 4, 5, 10, and 16, Problems 1 and 6 ACC 560 Week 5 Quiz 5 ACC 560 Week 5 Quiz 6 ACC 560 Week 6 HW Ch09 – Exercises 2, 6, 17, and 19, Problems 2 and 4 ACC 560 Week 6 HW Ch10 – Exercise 3, 7, 13, and 19, Problems 1 and 4 ACC 560 Week 6 Quiz 7 ACC 560 Week 6 Quiz 8 ACC 560 Week 7 HW Ch11 – Exercises 2, 4, 14, and 16, Problems 1 and 4 ACC 560 Week 7 Quiz 9 ACC 560 Week 7 Quiz 10 ACC 560 Week 8 HW Ch12 – Exercises 3, 6, 7, and 11, Problems 1 and 3 ACC 560 Week 8 Quiz 11 ACC 560 Week 9 Assignment 2 – Johnson Controls Capital Investments ACC 560 Week 9 HW Ch13 – Exercise 1, 3, 5, and 8, Problems 2 and 5 ACC 560......

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...ACC 560 COMPLETE CLASS CHAPTER PROBLEMS, QUIZZES AND ASSIGNMENTS http://www.activitymode.com/product/acc-560-complete-class-chapter-problems-quizzes-and-assignments/ Contact us at: SUPPORT@ACTIVITYMODE.COM ACC 560 COMPLETE CLASS CHAPTER PROBLEMS, QUIZZES AND ASSIGNMENTS ACC 560 WK 1 HW Ch01 - Exercises 5, 8, 12, and 16, Problems 1 and 4 ACC 560 WK 2 HW Ch02 - Exercises 4, 9, 11, and 12, Problems 1 and 5 ACC 560 WK 2 HW Ch03 - Exercises 2, 5, 6, and 13, Problems 1 and 6 ACC 560 WK 2 Quiz 1 ACC 560 WK 3 Assignment 1 - Activity-based Costing (ABC) in Service Industries ACC 560 WK 3 HW Ch04 - Exercise 2, 3, 9, and 12, Problems 2 and 4 ACC 560 WK 3 Quiz 2 ACC 560 WK 3 Quiz 3 ACC 560 WK 4 HW Ch05 - Exercises 8, 13, 14, and 17, Problems 1 and 5 ACC 560 WK 4 HW Ch06 - Exercises 5, 10, 13, and 14, Problems 1 and 5 ACC 560 WK 4 Quiz 4 ACC 560 WK 5 HW Ch07 - Exercises 2, 5, 9, and 17, Problems 1 and 4 ACC 560 WK 5 HW Ch08 - Exercises 4, 5, 10, and 16, Problems 1 and 6 ACC 560 WK 5 Quiz 5 ACC 560 WK 5 Quiz 6 ACC 560 WK 6 HW Ch09 - Exercises 2, 6, 17, and 19, Problems 2 and 4 ACC 560 WK 6 HW Ch10 - Exercise 3, 7, 13, and 19, Problems 1 and 4 ACC 560 WK 6 Quiz 7 ACC 560 WK 6 Quiz 8 ACC 560 WK 7 HW Ch11 - Exercises 2, 4, 14, and 16, Problems 1 and 4 ACC 560 WK 7 Quiz 9 ACC 560 WK 7 Quiz 10 ACC 560 WK 8 HW Ch12 - Exercises 3, 6, 7, and 11, Problems 1 and 3 ACC 560 WK 8 Quiz 11 ACC 560 Complete Class Chapter Problems, Quizzes and Assignments ACC 560 WK 9......

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...senior chemist be assigned for the duration of the project. In the past, the senior chemists had been used mainly for internal rather than external customer projects. This would be the first time a senior chemist had been assigned to this client. With only four senior chemists on staff, the project manager expected the resource negotiation process with the lab manager to be an easy undertaking. Project manager: “I understand you’ve already looked over the technical requirements, so you should understand the necessity for assigning your best senior scientist.” Lab manager: “All of my senior scientists are good. Any one of them can do the job. Based upon the timing of your project, I have decided to assign John Thornton.” Ducor Chemical 237 1321.ch05 11/3/05 9:14 AM Page 237 Project manager: “Just my luck! You assigned the only one I cannot work with effectively. I have had the misfortune of working with him before. He’s extremely arrogant and unpleasant to work with.” Lab manager: “Perhaps so, but he got the job done, didn’t he?” Project manager: “Yes, he did. Technically, he is capable. However, his arrogant attitude and sarcasm produced a demoralizing atmosphere for my team. That project was about three months in length. This project is at least a year. Also, if follow-on work is generated, as I expect it to be, I’ll be stuck with him for a long time. That’s unacceptable to me.” Lab manager: “I’ll talk to John and see if I can put a gag in his mouth. Anyway, you’re a good......

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