Student tuition at Boehring University is $150150 per semester credit hour. The state supplements school revenue by $7070 per semester credit hour. Average class size for a typical 33-credit course is 5050 students. Labor costs are $4 comma 0004,000 per class, materials costs are $1818 per student per class, and overhead costs are $24 comma 00024,000 per class. The multifactor productivity ratio currently is 1.141.14 and the labor productivity ratio is $147.32147.32 per hour if the instructors work on an average of 1414 hours per week for 1616 weeks for each 33-credit class of 5050 students. Coach Bjourn Toulouse led the Big Red Herrings to several disappointing football seasons. Only better recruiting will return the Big Red Herrings to winning form. Because of the current state of the program, Boehring University fans are unlikely to support increases in the $192 season ticket price. Improved recruitment will increase overhead costs to $32 comma 00032,000 per class section from the current $24 comma 00024,000 per class section. The university's budget plan is to cover recruitment costs by increasing the average class size to 8080 students. Labor costs will increase to $6 comma 0006,000 per 33-credit course. Material costs will be about $3030 per student for each 33-credit course. Tuition will be $200200 per semester credit, which is supplemented by state support of $7070 per semester credit.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
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