Transcript Slide 1 - 7106-02-03-Y3

Advanced Business English
Group Y3
John Silberstein
Review of Wednesday’s Class
New Words:
Prosperous: dictionary.com: having or characterized by
financial success or good fortune; flourishing John’s
Definition: Having financial success.
Plight: Dictionary.com: a condition, state, or situation,
esp. an unfavorable or unfortunate one. John’s Definition:
a state of being that is usually characterized by
unfavorable conditions.
Avalanche: dictionary.com: to overwhelm with an
extremely large amount of anything. John’s Definition: to
be suddenly overwhelmed with some thing (such as snow)
or events.
Review of Wednesday’s Class
New Words:
Backlog: dictionary.com: a reserve or accumulation, as
of stock, work, or business: a backlog of business orders.
John’s definition: work that is left undone due to a state
of affairs where there is more work than manpower
available to do the work.
Make a dent: dictionary.com: to cause a person to take
heed; make an impression. John’s definition: to start
clearing a backlog.
Current Events
Wholesale Inventories off by most in 17 years.
Why would wholesalers want to cut back inventories now?
What does this mean for manufacturers?
What is an inventory turn?
Why is measuring Inventory turns important?
What is GDP?
GDP (the measure of an economy adopted by the United
States in 1991; the total market values of goods and
services produced by workers and capital within a
nation's borders during a given period (usually 1 year))
How would reduced inventories negatively effect GDP?
Listening
What businesses are the two people in?
What do they have in common?
How might they help each other?
Project Planning
Initiate
Plan
Execute/Control
Close
Which of the following tasks would be included in each of
the phases above?
1. Review the results
2. Evaluate the risk factor
3. Forecast costs
4. Select the Project team
5. Deliver the project
6. Launch the pilot project
7. Obtain status reports
8. Validate the project
9. Allocate resources
10. Prepare project overview
Close
Plan
Plan
Plan
Close
Execute/Control
Execute/Control
Initiate
Plan
Initiate
Unit 2 Listening 1
Which of the Phases does she consider the most
important?
Initiating and planning
What two questions should project managers ask at the
start?
Is the project feasible? Will it add value?
Identify the tasks above that she mentions.
10- prepare project overview, 9 – allocate resources, 3forecast costs, 2-evaluate risk factor, 4-select the proj.
team, 5-deliver the project.