Video: https://youtu.be/VI0Qh_VpIEw Phill Alzinwale Title: Earned Value Management Basics 1. What are the three basic questions to ask regarding the budget and earned value? 2. What are formulas for earned value management? 3. What is the criteria to determine if the cost or schedule variance is over budget or under budget and over schedule or under schedule?

Write 3 SMART goals on how you will be evaluated on your work as a Management accountant/Accounting Manager.   ADDITIONAL INFO FOR THIS ACTIVITY: The objectives and indicators need to be S.M.A.R.T. SPECIFIC Clearly specify the task to be done, when it must be completed, who is to accomplish it, and how much is to be accomplished. MEASUREABLE Use multiple measures if possible, for example, quantity, quality, time frame and cost. Ask questions such as: How much? How many? How will I know when it is accomplished? ATTAINABLE Ensure there is a reasonable path to achievement and an excellent chance that objectives will be accomplished. RELEVANT Goals should be aligned with the organization’s overall mission or strategy. Goals measure outcomes, not activities. TIME BASED Set a clear time frame for achieving performance objectives/goals. In most cases, objectives must be completed by the end of the performance review period.

How should each of the following Strategic Operations Management decisions be managed to ensure the success of the company.a. Product and service designb. Managing Qualityc. Process strategyd. Location strategye. Layout Strategyf. Human resourcesg. Supply chain managementh. Inventory Managementi. Schedulingj. Maintenance

Ten weeks of data on the Commodity Futures Index are 7.36, 7.41, 7.56, 7.57, 7.61, 7.53, 7.53, 7.71, 7.63, and 7.56. (a) Construct a time series plot. 1 2 3 4 What type of pattern exists in the data? Week 5 The data appear to follow a horizontal pattern. O The data appear to follow a cyclical pattern. O The data appear to follow a trend pattern. O The data appear to follow a seasonal pattern. 6 8.5- 8.3 8.1 7.9+ 7 7.7 7.5- 8 7.3 7.1 6.9 6.7 6.5 + 01 23 4567 7 8 9 10 11 Week 9 8.5- 8.3- 10 8.1 7.9 7.7+ 7.5- 7.3 7.1 6.9 6.7 6.5 0 1 2 Time Series Value 7.36 7.41 7.56 (b) Use trial and error to find a value of the exponential smoothing coefficient a that results in a relatively small MSE. (Round your answers to two decimal places.) 7.57 7.61 7.53 3 4 7.53 7.71 5 67 7 8 9 10 11 Week 7.63 7.56 a = 0.1 Forecast α = 0.3 Forecast J C O Index DIC a = 0.8 Forecast 8.5 8.3- 8.1 7.9 7.7 7.5- 7.3 7.1 6.9 6.7 6.5 0 8.5 T 8.3- 8.1 7.9- 7.7- 7.5 7.3 7.1 6.9- 6.7- 6.5 1 2 3 4 5 678 Week + 0 1 2 3 4 8 9…