I need a discussion done for week 9 and a response to 2 other

 Forecasting and CBAOption 1As we are discovering, Cost Benefit Analysis is based on assumptions about financial forecasts of future cash flows and expenses. Since the future is unknown, getting consensus on inputs can often be the most challenging part of running a Cost Benefit Analysis.In Assignment 2, we find five colleagues who each have very different views of the future. Referencing our readings this week and drawing on your own personal experiences, answer the following questions:

  • Why do skilled professionals working in the same business often have significantly different forecasts and views of the future?  Share an example from your own work experience where your colleagues had very different forecasts for the same item.
  • How can we make better use of data (past performance, industry outlook, etc.) to improve our forecasts and resolve disagreements? 
  • Would “sensitivity analysis” have helped Management understand the potential variations driven by changes in assumptions?
  • After the forecast is complete, describe the communication process you would use to convey results and successes to stakeholders, lenders, and employees. 

– OR –
Option 2As you’re learning in Assignment 2, a key technique in managerial accounting/finance is the use of “Cost Benefit Analysis” to help management make better business decisions.

  • Define this approach in your own words and discuss 2 applications of this concept in your current work environment (examples might include make vs. buy, plant location, new product or packaging, downsizing, acquisition/divestiture, etc.).
  • Discuss a variable or assumption within the project where the data was difficult to obtain — and what you did to develop a reasonable assumption for the project economics.
  • Additionally, share or create one example where using financial data and cost benefit analysis that did, or could have, led to a better decision.

Post your initial response by Wednesday, midnight of your time zone, and reply to at least 2 of your classmates’ initial posts by Sunday, midnight of your time zone.​ 

1st person to respond to

Phi

 RE: Week 9 Discussion AttachmentCOLLAPSE

Hello Professor/Classmates,

I chose Option 2 this week.

Forecasting and cost-benefit analysis are two words that are often associated with Acquisition and Government Contracting. As stewards of the taxpayers’ dollars, interested parties (EoP, 1) must exercise due diligence in establishing government estimates by looking at previous buys, historical data, and market changes. In 2020 DoDs Inspector General reported on ten operational or management challenges; Challenge #9 (2) was among them.

Acquisitions from a government perspective are the procuring of a product, service, and construction at a fair and reasonable price (Best Value). Many layers and steps go into this process. The following is a snapshot of generating and shaping a requirement and benefit analysis is the critical part of the process. This process can involve a PDT (Project Development Team) or a few individuals based on complexity.


Fig #1

Buy vs lease is another application and can be viewed as a subset of the overall acquisition process. Leasing by the government can be broken down into two types:

a capital lease (lease to ownership) and an operating lease (lease with an option-to-own). Typical examples are vehicle fleet and office space.

Lease agreements may be unbreakable, and in many cases, the organization must continue to pay for it for the duration of the lease. In our present office, the pandemic made it difficult for management to identify assumptions (Boitnott, 3) on whether we needed the current space or decreased due to many staff teleworking 100%. With back-to-work policies looming, consideration had to be given on how small, or large the office footprint (50%, 75%, etc.) would be. Confirming and committing to a percentage, we could then use our experience that we had to go through to recommend to our customers’ ways to modify contracts at their locations to decrease occupancy and lease rates and terminate for convenience as a last resort. 

The government does not do a great job of providing reasonable estimates for work to be done; therefore, much waste accumulates. Understanding the budget and the expenses combined with a steady utilization rate could have led to a better decision and a timely one.

Phil

References

1. JWI530.  Week 9. Video. Forecasting.

2. Inspector General Report (2020). Top DOD Management Challenges. Retrieved from https://media.defense.gov/2020/Mar/11/2002263093/-1/-1/1/TOP%20DOD%20MANAGEMENT%20CHALLENGES%20FISCAL%20YEAR%202020.PDF







Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10