100% Original, Plagiarism Free, Tailored to your instructions

Order Now!

Use Books:
Managing Risk in Organizations, J. Davidson Frame, Jossey-Bass © 2003
A Guide to the Project Management Body of Knowledge (PMBOK) (5th Edition), Project Management Institute © 2013
Assignment 2
Events Plus Inc.
Events Plus Inc. is a company that organizes seminars. Each year, it holds some 120 seminars dealing with business management and public sector management themes.
In order to encourage early enrollments to its seminars, Events Plus offers 20 percent discounts to participants who register for a class up to six weeks in advance of the date of the seminar offering. Because this is an attractive discount, popular classes usually experience heavy levels of sign-ups before the six-week pre-seminar cut-off point. Less popular courses experience weaker levels of sign-ups.
Table 1 shows data collected on 110 seminar offerings that were tracked by Events Plus over the past year and a half. Looking at the data, Events Plus finds that in 22 cases, enrollments were so strong at the six-week marker that they covered all anticipated seminar costs. Typically, these classes resulted in decent profits, although in two cases the class had to be cancelled owing to instructor illness. In 33 cases, enrollments were reasonably good at the six-week marker and covered 70-95 percent of the seminar costs. The seminars usually experience some profit, although on ten occasions classes could not be held owing to insufficient enrollments. In 55 cases, enrollments were weak at the six-week marker, covering less than 70 percent of anticipated seminar costs. Often, these classes did not break even and in a number of cases resulted in substantial losses. On 22 instances, they were cancelled owing to poor enrollments.
Break even at six-week marker? Hold seminar? Overall Probability
Yes, 22 times (20%) Yes, 20 times (91%) 0.18
Yes, 22 times (20%) No, 2 times (9%) 0.02
Almost, 33 times (30%) Yes, 23 times (70%) 0.21
Almost, 33 times (30%) No, 10 times (30%) 0.09
No, 55 times (50%) Yes, 33 times (60%) 0.30
No, 55 times (50%) No, 22 times (40%) 0.20
Table 1
Events Plus uses the information contained in this table to track enrollment strength course-by-course. That is, decision-makers use this historical data to determine the viability of current seminar offerings. At the six-week pre-course marker, managers review enrollments and classify a seminar according one of three categories: Break even as of today; almost break even as of today; and not-near-to-breaking-even as of today.
1. Create a decision-tree that will help guide us in determining what action to take when we review student enrollments at the six-week, pre-course marker.
2. Senior management is reviewing past attendance at seminars. They want to have an overall understanding of how their seminar marketing efforts are doing. So they ask the following questions, which you should answer:
a. What is the probability that Events Plus will reach the break-even point at the six week marker and ultimately hold the seminar?
b. What is the probability that Events Plus will nearly reach the break-even point at the six-week marker and ultimately hold the seminar?
c. What is the probability that Events Plus will not reach the break-even point at the six-week marker, but winds up holding the seminar nonetheless?
3. Assume the cost of preparing for a typical seminar (including advertising cost) is $32,000 and revenue after preparation cost have been netted out is $20,000. When seminars are cancelled, the preparation costs are lost entirely.
a. If at the six-week marker we find that we have reached a break-even point, what is the expected monetary value associated with deciding to hold the seminar? Does it make good business sense to go ahead and hold the seminar?
b. If at the six week marker we find that we are near to reaching a break-even point, what is the expected monetary value associated with deciding to hold the seminar? Does it make good business sense to go ahead and hold the seminar?
c. If at the six week marker, we find that we clearly have not reached the break-even point, what is the expected monetary value associated with deciding to hold the seminar? Does it make good business sense to go ahead and hold the seminar?
4. When Events Plus begins preparing to offer a seminar, what is the probability that the seminar will actually be held?

Our Service Charter

  1. Excellent Quality / 100% Plagiarism-Free

    We employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique. Speaking of the academic writing standards, we will stick to the assignment brief given by the customer and assign the perfect writer. By saying “the perfect writer” we mean the one having an academic degree in the customer’s study field and positive feedback from other customers.
  2. Free Revisions

    We keep the quality bar of all papers high. But in case you need some extra brilliance to the paper, here’s what to do. First of all, you can choose a top writer. It means that we will assign an expert with a degree in your subject. And secondly, you can rely on our editing services. Our editors will revise your papers, checking whether or not they comply with high standards of academic writing. In addition, editing entails adjusting content if it’s off the topic, adding more sources, refining the language style, and making sure the referencing style is followed.
  3. Confidentiality / 100% No Disclosure

    We make sure that clients’ personal data remains confidential and is not exploited for any purposes beyond those related to our services. We only ask you to provide us with the information that is required to produce the paper according to your writing needs. Please note that the payment info is protected as well. Feel free to refer to the support team for more information about our payment methods. The fact that you used our service is kept secret due to the advanced security standards. So, you can be sure that no one will find out that you got a paper from our writing service.
  4. Money Back Guarantee

    If the writer doesn’t address all the questions on your assignment brief or the delivered paper appears to be off the topic, you can ask for a refund. Or, if it is applicable, you can opt in for free revision within 14-30 days, depending on your paper’s length. The revision or refund request should be sent within 14 days after delivery. The customer gets 100% money-back in case they haven't downloaded the paper. All approved refunds will be returned to the customer’s credit card or Bonus Balance in a form of store credit. Take a note that we will send an extra compensation if the customers goes with a store credit.
  5. 24/7 Customer Support

    We have a support team working 24/7 ready to give your issue concerning the order their immediate attention. If you have any questions about the ordering process, communication with the writer, payment options, feel free to join live chat. Be sure to get a fast response. They can also give you the exact price quote, taking into account the timing, desired academic level of the paper, and the number of pages.

Excellent Quality
Zero Plagiarism
Expert Writers

Instant Quote

Single spaced
approx 275 words per page
Urgency (Less urgent, less costly):
Total Cost: NaN

Get 10% Off on your 1st order!