Essays on Escalations

Communication & Soft Skills

Dear Jerry: Thanks for the trust you have put in me and asked me to lead this project. This project is undoubtedly one of its kind in the division and would go on to serve the business well immediately and in the future. Definitely this project had hiccups right from the start – the first possible one was the unfortunate exit of Mark. Well, we accept that as a personal career choice. Having accepted that, I have spent time in understanding the overall project since having taken over the project as per your directives. I have arrived at two remarkable ...

Meaning & Definition

All companies work on projects, which unlike their permanent and ongoing daily routine operations are “temporary activities undertaken to produce a unique product or service or result, thus, making them have a defined beginning and end time” (PMI Inc., 2013). They “achieve a specific goal of creating the product or service in question, by performing defined activities that consume a given set of limited resources” (Munns & Bjeirmi, 1996, p.81). All projects are successfully mobilized and completed by employees, by judiciously leveraging other limited resources such as time, money etc., thus, bringing into the picture, the need for proper “planning, ...

Analysis of Direct Material and Other Direct Costs

When pricing a contract, the analysis of projected direct costs is a most important factor in determining overall costs and therefore contract price to be tendered to the client, in order to ensure a profitable outcome at the completion of the contract. “Direct” costs are those costs specifically attributable to the contract, for example materials, labor, travel, etc. In general, these direct costs are increased by a multiplying factor when determining pricing, in order to recover indirect costs, i.e. a proportion of the company’s operating costs / overheads.

Depending on the contract type, the direct costs and therefore the accurate analyses of them ...