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Assignment 6.1: Develop a Project Budget

1: Develop a Project BudgetIn Module 5, you used a work breakdown structure (WBS) as the basis for estimating project costs; that is, you identified only labor costs. In this application, you will prepare a budget that includes all costs (labor and non-labor costs).
Review the details of your cost estimate from Module 5. For each element in the WBS, do the following:
Identify non-labor costs. These may include-but are not limited to-materials, supplies, equipment, allowances for inflation, contingency funds, and so on.
Find the totals of labor and non-labor costs. This is your Budgeted Cost of Work Scheduled (BCWS).
Add the results of Step 1. This is your Budget at Completion (BAC).
Prepare a graph that illustrates the project budget over time. This is the Cost Baseline.
Find the total of all labor and non-labor costs. This is your Budget at Completion (BAC).

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–  The life of the typical college student is characterized by time
spent studying, attending class, and socializing with peers.

–  High school graduates should be required to take a year off to
pursue community service projects before entering college in order to increase
their maturity and global awareness.

–  While recycling is intended to reduce waste and curb pollution,
many recycling processes and industries actually end up contributing
significantly to environmental pollution. This creates a new priority; phase
out antiquated recycling technologies and develop cheaper, more efficient
recycling processes.

–  Homeschooling is good for kids because they get individual
attention based on their comprehension level. It helps in keeping the negative
influences at bay and also encourages excellent academic progress.

–  Advanced technology in the work place not only involves high
costs, but also leads to unemployment and dependency on machines.

–  Humans do not have the right to take away the life of other
humans, hence capital punishment is not the correct way of punishing a

–  Making uniforms mandatory in public schools will ensure that
financial differences among the students will not be known.

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For the purpose of this course, we have located it in Tennessee. It builds power tools, lawn mowers, lawn furniture, microwaves, and ranges. All products are manufactured locally and sold through large retailers like Sears, Best Buy, and Wal-Mart. They have sale papers inserted in every Wednesday and Sunday paper. Although they have a thriving business in the US and Canada, ToolsCorp is trying to break into the global marketplace.
At this point in time, you are at the beginning of a project, which will eventually yield (in six months) a complete business plan for ToolsCorp’s strategic initiative to penetrate the global marketplace. You will need to consider the strategic management process in building this business plan. In relation to this process, please prepare a report that provides appropriate responses to the following questions:
How would you go about defining the identity of ToolsCorp Corporation and creating its mission statement? Write the mission statement for ToolsCorp using the nine essential components in one paragraph. Where would you look for the information? What do you already know about ToolsCorp that can help?
What principle (s) would you use in order to prioritize the implementation steps needed to accomplish the strategic objectives?
What post implementation and feedback mechanisms would you have in place to evaluate the effectiveness of the process? What measures would you use?
What legal and ethical issues need to be considered?
Deliverable Length: The deliverable length shall be of five to seven pages (cover page and reference page not included). As a graduate business student, you are required to provide a well-researched and analyzed comprehensive response to every assignment question. Brief, vague, generic, or non-definitive responses will not earn good grades.
All individual project assignments require a minimum of five to seven (5 to 7) scholarly sources, a minimum of one per page. You are welcome and encouraged to use the David text book and the course materials that came for this course.
For reference use the APA guide available as shown in the virtual campus under “interactive learning”.
Please submit your assignment as a Word document in APA format.
Objective: The Objective of the Unit 1 IP Assignment will involve the following the Course Outcomes and Grading Criteria with their respective percentages for the Grading Rubric:
Identify examples of good and bad business practices in the use of strategy design components. (30%)
Recognize situations that present potential legal and ethical issues and develop solutions for those issues. (30%)
Develop plans to improve business operations. (30%)
Use effective communication techniques. (10%)


Conversely, some employers feel that unions interfere with management decisions and impede on a positive relationship between managers and employees. There may be some truth to both perceptions. The Final Paper is intended to provide a detailed explanation of the effective strategies an organization can implement to create and maintain a conducive working relationship with unions, as well as the effective strategies a union can implement to create and maintain a conducive working relationship with management.
1.Briefly describe the role of management in an organization.
2.Similarly, briefly discuss the role of a union in an organization.
3.Finally, present:
?A minimum of two strategies/actions an organization can implement to create and maintain a conducive, working relationship with unions.
?A minimum of two strategies/actions a union can implement to create and maintain a conducive, working relationship with management.

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