Imagine that you are a manager at a delivery service and you are creating a repo
ID: 2386234 • Letter: I
Question
Imagine that you are a manager at a delivery service and you are creating a report to project the effects on your company of rising gas prices in the next ten years. Using the preceding statistical analysis as your basis and outside scholarly resources to support your claims, write a 3 to 5 page paper interpreting the results from this perspective. Include the following considerations:1. Introduce the project and its significance to the company.
2. Explain the statistical analysis that you completed in Part I. Be sure to explain where the data came from, what analysis was done, and what the results were.
3. Give conclusions that you have drawn from the data. Consider the effects of your gas price predictions on the delivery business. Also consider whether or not you believe your predicted gas prices are accurate. What could occur in the future that would change your linear regression line and therefore your prediction?
Explanation / Answer
1) Most business people have witnessed what no planning or poor planning can do to a business project, no matter how great an idea that project might have been initially. Poor planning often means poor employee morale, can adversely affect profits and can hinder a company's ability to adequately assess the future and act accordingly. Good planning can help minimize risk and can position a company for future growth. Whether business projects are big or small, proper planning is essential.Crystallize Objectives Whether a project is big or small, planning gives direction to the activities of the company. The focus here is on desired results. For example, if a company is considering expanding its manufacturing capacity, it must consider whether the expansion is warranted in light of sales goals and forecasts 2)A project manager's primary role is to ensure the projects under his management are completed on time and on budget. Business analysis involves defining and documenting user requirements, developing and testing technology systems, and navigating through organizational bureaucracies. Large companies may assign business analysts to work alongside project managers, but in small businesses, project managers may have to take on business analysis responsibilities. Communication Business analysis involves communicating complex technical details in easy-to-understand language to stakeholders, including developers, administrative personnel and senior management. A project manager has to understand the role of her project in improving business processes and achieving cost savings for the company. This is important because she has to explain the organizational context to her team members and communicate the technical details to her peers and to senior management. For example, a new quality control system project in the manufacturing department may affect data processing functions in accounting, which means that project managers in both departments would have to grasp the technical details to manage their respective implementations. Requirements A key aspect of project management is managing user requirements because project schedules and budgets may slip if the requirements keep changing. For example, changes to the user interface of a software product could take developers' time away from testing and integration, which could push back the product launch. Sometimes, the user requirements are vague, especially for a new product, but the project manager must bring structure and discipline to the process. He has to say "no" to design changes, even if it comes from senior management. A large project may have a requirements management committee to screen change requests and either approve minor changes or, for major changes, negotiate schedule extensions and additional funding. Implementation Business analysis plays an important role in project implementation, which involves development and testing. Development includes modeling internal business processes and data flow, identifying critical components that affect system performance, and preparing test plans. The testing phase involves testing the individual components first, followed by testing the integrated system. Strategy Business analysis also involves understanding how external political, environmental, social and technological forces affect corporate strategy. Project managers can benefit from this insight because a change in corporate strategy could lead to a change in project scope. For example, new technology standards would affect a small or large technology company's product development strategy, which might affect the scope and even viability of ongoing research-and-development projects. 3) natural calamities absolescence , new technology may change the result of regression