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I need assistance with my homework.  I will need this on 1/22/2017.

1. Business Processes”

 

 

 

Note: Online students, please select one of the two subjects to discuss.

 

 

 

•Per the textbook, to eliminate or reduce non-value-added work is a core step in improving profitability or efficiency of the business process. Give your opinion on whether or not you agree or disagree with this statement and include one (1) example of a business process which supports or criticizes the aforementioned statement to support your position.

 

•Determine at least two (2) challenges in identifying Opportunity for Improvements (OFIs). Suggest at least one (1) strategy that business management can use to mitigate the challenges in question. Provide a rationale to support your suggestion.   

 

 

 

 

 

 

 

2. Homework Assignment 3

 

Due in Week 3 and worth 30 points

 

 

 

The following data consists of the actual time used and potential (the best time possible for this review process) to complete each step in the review process. The actual times are based on the review of 30 projects. The potential times are subjective engineering judgment estimates.

 

 

 

Table: Basic Data Review for Construction Project Equipment Arrangement                                         Cycle Time (hours)          Step       Description         Actual   Potential              Difference 1       Read basic data package               4              4              — 2                Write, type, proof, sign, copy, and distribute cover letter              21.9        0.5          21.4 3    Queue  40           0              40 4                Lead engineer calls key people to schedule meeting       4              0.25        3.75 5    Write, type, proof, sign, copy, and distribute confirmation letter     25.4        2.1          23.3 6    Hold meeting; develop path forward and concerns          4              4                — 7        Project leader and specialist develop missing information             12           12           — 8        Determine plant preferred vendors          12           12           — 9        Review notes from meeting       12           12           — 10      Resolve open issues                106         104         2 11        Write, type, proof, sign, copy, and distribute basic data acceptance letter             26.5        0.25                26.25     Totals    267.8     151.1     116.7

 

 

 

 

 

Use the data in the table above and answer the following questions in the space provided below:

 

 

 

1.What are the sources of value-added and non-value-added work in this process?

 

2.Where are the main opportunities to improve the cycle time of this process, with respect to both actual time used and the potential best times? What strategy would you use?

 

3.Step 10: Resolve Open Issues required 104 hours (potential) versus 106 hours (actual). Is there an OFI here? Why or why not? If so, how would you attack it?

 

4.What do you think are the most difficult critical issues to deal with when designing a sound cycle time study such as this one?