What other factors should Marvin and his team consider?

Marvin along with his team can examine the following factors before proceeding to bid or not bid.

1.     If Marvin’s company would voluntarily decide not to bid, then it has to think that any other company can bid for the project and potentially benefit from bidding. The primary reason is Marvin’s company is not the only company which has to publish its detail cost analysis of the project to the client, but also all companies have to present this cost analysis.

2.     Marvin’s company can research whether there is a way to get more profit margin by following the client cost model because it is a long-term contract for ten or more years.

3.     Marvin has to think whether company loses its brand value if it doesn’t participate in the bid because, in the consulting industry, the companies must be active in getting projects else the reputation diminishes among clients.

4.     Marvin and his team must consider whether their company is suitable for contracts of the type cost reimbursable because in this contract type the client pays for each work package, so the profit is less compared to fixed price projects.

Should they bid on the job?

There are a lot of crucial factors that help the company if they can get this contract. The most important to consider is this is the most significant contract compared to all other agreements that Marvin’ company ever received in its history. For 10-year or longer, the company will generate continuous revenue that helps the growth of the company. As it is a contract with a major client, Marvin’s company’s reputation will increase in consulting industry, and this, in turn, attracts more clients. The performance of the company will increase by improving their evaluation of contracts using a bottom-up approach. Marvin’s company can also try to address its concern to release complete cost breakdown information by using its association with the client, and they can explain in detail by showing the examples of previous project budgets associated with them. Finally, it is helpful for Marvin’s company by considering all these factors, so they have to bid for the job.

Marvin’s company should also consider a lot of interesting facts regarding the new contract opportunity. The customer’s ability to treat Marvin’s business as a strategic partner rather than an offer. Establishing a workable standard to win a larger contract and, ultimately, better overall earnings and profits due to a larger business base. On the other hand, Marvin’s team can also ask relevant questions about the prospects of his company. Will the company survive the impact of publishing sensitive information later? Can the company manage without the project? Will the project be a development path for the company in the long term? The answers to these questions could also be crucial for Marvin to make the right decision. If issues become a concern, it is desirable that the company explore this new horizon and learn ways to manage the impacts of sharing key information.

There is a legitimate purpose behind the additional necessities on the DP. Basic information has been requested in the RFP cuts on all organizations offering so, they all offer risks and rewards. What’s more, since the offer will be considered non-receptive without them, it’s excessively prescribed that Marvin’s organization offers for the task.

Before choosing to bid deliberately recognize all the potential hazards that might emerge on the job. Monitors tender records, plans and determinations for the task and relies on verifiable information from comparable companies whose hazards you have come to recognize. Basic hazards include fragmented development files, obscure site conditions, fast schedules, and welfare issues.

References

[1] Bob, L. (2015). 7 Question to Answer When Making Bid/ No Bid  Decisions. Washington Technology.

[2] Cagno, E., Caron, F., and Perego, A. (2001). Multi-criteria evaluation of the likelihood of winning in the focused bidding process. Global Journal of Project Management, 19(6), 313-324.

[3] Jones, K. (2017). Key Factors to Consider in Bid/No-Bid Decision Making. Construct Connect. Retrieved from  https://www.constructconnect.com/blog/operating-insights/key-factors-consider-bidno-bid-decision-making/

[4] Kerzner, H. (2013). Project management: – a systems approach to planning, scheduling, and controlling. John Wiley & Sons.

NOTE: All initial postings must have at least one citation or reference and it must be in APA format. please make sure they’re in APA format. Need to be atleast 150 word.

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New Perspectives Excel 2013| Tutorial 9: SAM Project 1a

New Perspectives Excel 2013

Tutorial 9: SAM Project 1a

Wayside Driving School

EXPLORING FINANCIAL TOOLS AND FUNCTIONS

Project Goal

M Project Name

Project Goal

PROJECT DESCRIPTION

Emma Patterson is the owner of Wayside Driving School, and wants to expand operations into neighboring towns. To do so, she would need a loan to cover the costs of additional classroom space, vehicles, and instructors. Emma has asked you to create a detailed analysis of various expansion and financing options, complete with loan amortization and depreciation schedules. She also wants you to create a five-year sales forecast and income statement.

GETTING STARTED

· Download the following file from the SAM website:

· NP_Excel2013_T9_P1a_FirstLastName_1.xlsx

· Open the file you just downloaded and save it with the name:

· NP_Excel2013_T9_P1a_FirstLastName_2.xlsx

· Hint: If you do not see the .xlsx file extension in the Save file dialog box, do not type it. Excel will add the file extension for you automatically.

· With the file NP_Excel2013_T9_P1a_FirstLastName_2.xlsx still open, ensure that your first and last name is displayed in cell B6 of the Documentation sheet. If cell B6 does not display your name, delete the file and download a new copy from the SAM website.

PROJECT STEPS

Go to the Loan Analysis worksheet. In cell D12, use the PMT function to calculate the monthly payment for a loan using the inputs listed under the Add 1 Location loan scenario in cells D5, D7, and D9 (Hint: The result will be displayed as a negative number to reflect the negative cash flow of a loan payment).

In cell E7, enter a formula using the RATE function to calculate the monthly interest rate for a loan using the inputs listed under the Add 2 Locations loan scenario in cells E9, E12, and E5 (Hint: Assume the present value of the loan is the loan amount shown in cell E5).

In cell F5, enter a formula using the PV function to calculate the loan amount using the inputs listed under the Add 3 Locations loan scenario in cells F7, F9, and F12.

In cell G9, enter a formula using the NPER function to calculate how many months it would take to pay back a $1 million loan using inputs listed under the Expansion + BuyOut loan scenario in cells G7, G12, and G5.

Go to the Amortization worksheet. In cell C17, enter a formula using the CUMIPMT function to calculate the cumulative interest paid on the loan after the first year (payments 1 through 12) when the payments are made at the end of the period (Hint: Use 0 as the type argument in your formula). Use absolute references for the RATE, NPER, and PV arguments and relative references for the Start and End arguments. Copy the formula from cell C17 to the range D17:G17.

In cell H17, use the Error Checking command to identify the error in the cell, then correct the error (Hint: The formula in the cell should calculate the total the values in C17:G17 using the SUM function).

In cell C18, enter a formula using the CUMPRINC function to calculate the cumulative principal paid in the first year (payments 1 through 12) when the payments are made at the end of the period (Hint: Use 0 as the type argument in your formula). Use absolute references for the RATE, NPER, and PV arguments and relative references for the Start and End arguments. Copy the formula from cell C18 to the range D18:G18.

In cell E23, enter a formula that uses the PPMT function to determine the amount of loan payment number 1 devoted to the principal. Use absolute references for the RATE, NPER, and PV arguments and use cell A23 as the period argument (Hint: Remember that the period used in the formula is based on a monthly payment schedule). Copy the formula from cell E23 to range E24:E82.

In cell F23, enter a formula that uses the IPMT function to determine the amount of loan payment number 1 devoted to the interest. Use absolute references for the RATE, NPER, and PV arguments and use cell A23 as the period argument (Hint: Remember that the period used in the formula is based on a monthly payment schedule). Copy the formula from cell F23 to range F24:F82.

Go to the Depreciation worksheet. In cell C12, enter a formula that uses the SLN function to calculate the straight-line depreciation for the new vehicle fleet during the first year of service, with the value in cell D6 representing the expected life of the vehicle fleet. Use absolute references for the cost, salvage, and life arguments in the SLN formula. Copy the formula, without cell formatting, from cell C12 to the range D12:I12.

In cell C20, enter a formula that uses the DB function to calculate the declining balance depreciation for the new vehicle fleet during the first year of service, with the value in cell D6 representing the expected life of the vehicle fleet and the value in cell C19 as the current period. Use absolute references for the cost, salvage and life arguments in the DB formula and a relative reference for the period argument. Copy the formula from cell C20 to the range D20:I20.

Determine the error in cell D21 by using the Trace Precedent and Trace Dependent arrows. The formula in cell D21 should calculate the cumulative depreciation of the vehicle fleet by adding the Cumulative Depreciation value in year 1 to the Yearly Depreciation value in year 2. Correct the error in cell D21, copy the corrected formula in cell D21 to the range E21:I21, and then remove any arrows from the worksheet.

Go to the Income Statement worksheet. Project the revenues associated with the Classroom fees category for 2018-2020 (cells D5:F5) using a Growth Trend interpolation (Hint: Remember to select the range C5:G5 before filling this series with values).

Project the revenues associated with the Other category for 2018-2020 (cells D7:F7) using a Linear Trend interpolation (Hint: Remember to select the range C7:G7 before filling this series with values).

Project the expenses associated with the Payroll category for 2018-2021 (cells D11:G11) using a Growth trend extrapolation, using a step value of 1.07. (Hint: Remember that, when extrapolating values, the trend button in the Series Dialog Box should not be checked). Do not set a stop value for the series (Hint: Remember to select the range C11:G11 before filling this series with values).

Go to the Rate of Return worksheet and complete the following actions.

a. In cell E15, enter a formula that uses the NPV function to calculate the Present Value of the Add 1 Location investment, using the value in cell E14 as the desired rate of return and the range D7:D12 as the return paid to investors (Hint: If it appears, ignore the Formula Omits Adjacent Cell error warning).

b. In cell E16, enter a formula that calculates the Net Present Value by adding the Present Value of the Add 1 Location investment (calculated in cell E15) to the value of the initial investment (in cell D6).

In cell E17, enter a formula that uses the IRR function to calculate the internal rate of return of the Add 1 Location investment, using the range D6:D12 as the returns paid to the investors.

Your workbook should look like the Final Figures on the following pages. Save your changes, close the workbook, and exit Excel. Follow the directions on the SAM website to submit your completed project.

Final Figure 1: Loan Analysis Worksheet

Microsoft product screenshot reprinted with permission from Microsoft Incorporated. Copyright © 2014 Cengage Learning. All Rights Reserved.

Final Figure 2: Amortization Worksheet

Copyright © 2014 Cengage Learning. All Rights Reserved.

Final Figure 3: Depreciation Worksheet

Copyright © 2014 Cengage Learning. All Rights Reserved.

Final Figure 4: Income Statement Worksheet

Copyright © 2014 Cengage Learning. All Rights Reserved.

 Final Figure 5: Rate of Return Worksheet

Copyright © 2014 Cengage Learning. All Rights Reserved.

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The Hamilton Civic Center is developing a template for member exercise and off-site seminars. You create the template, set validation, enter formulas, and insert a combo box control. You then create a new workbook from the template.

[Student Learning Outcomes 7.1, 7.2, 7.3, 7.4, 7.6]

File Needed: HamiltonCC-07.xlsx (Available from the Start File link.)

Completed Project File Names: [your name]-HamiltonCC-07.xlsx

Skills Covered in This Project

• Set data validation to use a list.
• Set validation to restrict dates.
• Create an error alert message.
• Insert a combo box control.
• Check accessibility and add alt text.
• Protect a worksheet.

1. Open the HamiltonCC-07 workbook and click the Enable Editing button. The file will be renamed automatically to include your name.
2. Select cell D2 on the Data sheet and review the formula. The formula divides calories by time and rounds the results to three decimal places.Figure 7-69 Custom format for values
3. Select cells D2:D10 and open the Format Cells dialog box.
4. Select the Custom category on the Number tab and build a format to display three decimal places (Figure 7-69).
5. Select cell D2 and click the Format Painter button [Home tab, Clipboard group]. Click the Calorie Tracking tab and paint the format to cells E3:E33.Figure 7-70 VLOOKUP formula
6. Select cell E3 on the Calorie Tracking sheet. Start a VLOOKUP function to lookup the label in cell C3. For the array, use an absolute reference to cells A2:D10 on the Data sheet. The Col_index_num is 4 for the calories per minute column. Leave the Range_lookup argument empty; the array (A2:D10) is sorted in ascending order. The result of the VLOOKUP formula is calories per minute for the exercise (Figure 7-70).
7. Edit the formula in cell E3 to multiply the results by the number of minutes in cell D3.
8. Copy the formula in cell E3 to cells E4:E33. The #N/A error message displays in rows where no data displays.
9. Select cells C3:C33 and set data validation to use the list of activity names on the Data sheet. Do not use an input message or an error alert.
10. Select the Calorie Tracking sheet and delete the data in cells A3:D23.Figure 7-71 Data validation for dates
11. Select cells B3:B33 and set data validation to use a Date that is less than or equal to TODAY (Figure 7-71). Include a Stop error alert with a title of Check Date and a message of Date must be today or in the past. including the period.
12. Select cells A3:D33 and remove the Locked cell property. Select cell A3 to position the insertion point.
13. Display the Developer tab on the Ribbon and click the Data worksheet tab.Figure 7-72 Combo box settings
14. Draw a combo box control to cover cell F8 and open its Format Control dialog box. Select cells G8:G11 for the Input range and type f8 in the Cell link box (Figure 7-72).
15. Deselect the control and then select Second from the control. The linked cell is under the control and hidden from view.
16. Click the Hospital Seminars tab and select cell D4. This cell has Center Across Selection alignment applied.
17. Select cell D4 and use CONCAT and INDEX to display the result from the combo box, concatenating the Index results to the word “Quarter.”
    1. Start a CONCAT function [Text group].
    2. Use the INDEX function with the first arguments list as the Text1 argument.Figure 7-73 INDEX is nested within CONCAT
    3. Choose cells G8:G11 on the Data sheet for the Array argument and cell F8 for the Row_num argument. You can select the combo box control or type f8 after the sheet name (Figure 7-73). When the array is one column, a Column_num argument is not necessary.
    4. Click between the two ending parentheses in the Formula bar to return to the CONCAT arguments and type a comma (,) to move to the Text2 argument. (If you accidentally click OK, click the Insert Function button to re-open the Function Arguments dialog box.)Figure 7-74 Space character is included with Text2 argument
    5. Click the Text2 box, press Spacebar, type Quarter, and click OK. (Figure 7-74).
    6. Format cell D4 as bold italic 16 pt.
18. Select the Data sheet, select Third from the combo box control, and return to the Hospital Seminars sheet to see the results.
19. Select cell D4 and cells D6:G10 on the Hospital Seminars sheet and remove the Locked property.
20. Delete the contents of cells D6:G10 and select cell D6.
21. Check accessibility and add the alternative text Hamilton Civic Center Logo to both pictures in the workbook.
22. Select cell D6 on the Hospital Seminars sheet and cell A3 on the Calorie Tracking sheet.
23. Protect the Hospital Seminars sheet and the Calorie Tracking sheet, both without passwords.
24. Save and close the workbook (Figure 7-75).
25. Upload and save your project file.
26. Submit project for grading.

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Dear Participants,

“Today many big organizations are sitting on large chunks of data, not knowing what to do with it. They invite consultants & business analysts to have a look at data and come up with insights that could help the organization run their business better. There is no clear set of instructions in such open-ended problems and it is expected of the consultant to do a lot of exploration first and formulate the problems themselves. These DVT projects fall into the bucket of such open-ended problems and a specific problem statement has not been given intentionally. It is expected of students to explore the data and come up with good insights. There is no right and wrong answer here. There should a clear logical story which should come out of their submission.”

Please find below DVT Project instructions:

Note: Please upload the project on Tableau public and include the URL in a word doc and upload it.

• Any assignment found copied/ plagiarized with another person will not be graded and marked as zero.
• Please ensure timely submission as a post-deadline assignment will not be accepted.

Please find the instructions here.

To learn how to publish your tableau file, click here.

Please use the following  datasets- (Car Claim Insurance.xlsx)

Business Context 

We are all aware that accidents are prone everywhere due to negligent driving or climatic conditions. An insurance company always needs to be prepared to estimate the number of accidents and the claims that they can receive at a given point time. Also understanding the pattern of claims would help the companies to frame different types of policies for the users providing better benefits and at the same time increasing the premium to the company.

Problem Statement:

Consider that you are a Lead Data Analyst at an Insurance Claims company that has provided you with the Car Insurance Claims dataset. You have been given a task to explore the data, create different plots and interpret useful insights/findings. Your end goal here will be to create a storyboard that you have to present to the Senior Management and the story has to have an end objective and should follow a logical flow to display that you are heading towards achieving the end objective. This will help the Senior Management in taking some decisive actions on the current claims system in place. This storyboard will be an open-ended story for you to explore various different features in the data and try to showcase different plots. Make sure to have minimum clutter in the plots, follow a consistent color scheme across all the plots, and use proper colors to highlight a specific insight. Moreover, your plots on all the dashboards should be interactive and responsive. There should be 1 dashboard that should cover the summary of the story as well as your recommendations.

Important Note: Please reflect on all that you have learned while working on this project. This step is critical in cementing all your concepts and closing the loop. Please write down your thoughts here.

Regards,

Program Office

CriteriaPoints

Creation of multiple charts and tables for representing useful insights/findings. The charts used should be inline with the objective that you wish to convey to the Senior Management.

[Mandatory 8 types of charts/tables from any of the following: text table, bar chart(multiple/stacked/side by side), bubble chart, treemap, Pareto chart, scatterplot, Wordcloud, line plot, histogram, boxplot, circle views, heatmap, highlighted tables. No restrictions on the upper limit of the number of charts/tables to be used]  16 points

Creating a calculated field. The calculated field should add some meaningful value and should be inline with your storyboard which you will create in this project. (Specify where calculated field has been used)

2 points

Use of filters, parameter, actions, etc in the charts.

4 points

Minimal clutter and consistency in use of colors across charts.

5 points

Multiple Dashboards creation

At least 5 Dashboards 10 points

Correct interpretations/insights from each type of chart created. The interpretations should be inline with the storyboard which is to be created in this project.

These interpretations can be in the captions of the storyboard or in the plots as well 16 points

Interactivity among the charts on each Dashboard 5 points

Storyboard Creation

At least 1 Storyboard 15 points

Logical flow to the story represented in the storyboard. 5 Points

1 dashboard which will cover the summary and the recommendations from the insights to be added to the end of the storyboard

This dashboard will be an extra dashboard apart from the mandatory 5 dashboards mentioned in the 5th part of the rubric. At least 5 summary/recommendation points should be mentioned in this dashboard(at least 1 recommendation/summary point from each dashboard you created). 1 conclusion point of the story. This dashboard has to be a part of the storyboard created and not to be submitted separately. Note: This will not be evaluated if submitted as a separate dashboard/storyboard.

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