RESEARCH ON TIME RESOURCE ALLOCATION

Research On Time Resource Allocation Percentage Based On Historical Data

Research On Time Resource Allocation Percentage Based On Historical Data

Introduction

Many companies in all sectors of the economy, and not-for-profit and governmental organizations as well, allocate service department costs to “production” or user departments, and ultimately to the products and services that they provide. For example, hospitals use sophisticated methods for allocating costs of service departments such as Housekeeping, Patient Admissions, and Medical Records to patient wards and outpatient services, and then to individual patients. Historically, these allocations were important to hospitals because Medicare reimbursement was based on actual costs. To the extent that the hospital allocated service department costs to Medicare patients, Medicare covered these costs.

Companies that allocate service department costs do so for one or more of the following reasons:

To provide more accurate product cost information. Allocating service department costs to production departments, and then to products, recognizes that these services constitute an input in the production process.

To improve decisions about resource utilization. By imposing on division managers the cost of the service department resources that they use, division managers are encouraged to use these resources only to the extent that their benefit exceeds their cost.

To ration limited resources. When production departments have some discretion over their utilization of a service department resource, charging production departments for the resource usually results in less demand for it than if the resource were “free” to the production departments.

Skill Sets For Project Manager

To fulfill the responsibilities of the role of project manager and handle the challenges you'll face, you'll need very diverse skills and a wealth of knowledge. So what knowledge and skills does it take to be an effective project manager? There are many ways to slice up this pie. The way that makes the most sense to me is to break it down into four major knowledge and skill categories:

project management process skill

interpersonal and behavioral skills

technology management skills

desired personal traits

Project Management Process Skills

Project management process skills (sometimes called the “hard skills”) are knowledge and skills related to the mechanics of project management. You should be extremely knowledgeable about project management tools, techniques, and process technology and be able to apply them. For example, you should be know how to prepare a comprehensive customer requirements document, construct a network diagram, and construct a work breakdown structure. Without these skills, you'll find it very difficult to coordinate and facilitate the creation of a high-quality project plan and to maintain control during project execution. Also, since these skills are a basic expectation, you can expect to encounter problems of respect from your team members if you're deficient in this area. As mentioned earlier, this skill set is the main focus of this book.

Interpersonal and Behavioral Skills

Since managing projects is all about getting things done through other people, your skills in dealing with people are of immeasurable value. Closely tied to your interpersonal skills are your behavioral skills: your personal conduct, style, and ...