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U.S. Tax Structure – Is it designed to help the poor?
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resources are available more than demand (resource underloading), then we should keep them because it will be difficult to reemploy them temporarily (example: professional technicians and the core equipment during construction phase and need to visit the cost draft for employment and their needs). During this phase decision makers has to decide whether to let go or keep the resources (considering budget). On other hand scare resource is less than its demand(resource overloading), the decision makers has to hire additional resources immediately to avoid impact on project scheduling. The resource can be of higher cost which then fluctuates the project budget. Fig 1. The calculation for the extra hire cost and idle resource cost. Adapted from Yan, Q., Zhang, Q., & Zou, X. (2016) Structure Allocation and Negotiating: Structure of allocation is very important because of multiple levels that should be considered during the process. The easiest way is to break the problem in to multiple small and simple chunks and then coordinate to come up with an optimal solution. Let’s take an example of construction of a car where things like wheels, frame, transmission, steering components and other parts needs to be assembled correctly and they are not all done at the same time. People are assigned the tasks individually and coordinated regularly to complete the design for the product. Also, people in same design functional group has to be in cooperative relationship. So usually project managers compete for both similar and scare resources to reach for ideal team. This will bring the team to have healthy cooperative and competitive relationship by bringing up the work quality. Negotiating to get the right balance is an important skill for resource management to develop support for the project and preventing frustration among all parties involved, which could delay or cause project failure. Critical Analysis of the Goal: Analysis of the goal is very important as it’s a major factor that directly influences the resource management. Theory of constraints defines a way to clearly analyze this. Theory of constraints suggest that every process has only one constraint and the total process of the throughput is improved when that constrain>GET ANSWER