Service and Delivery
Knowledge Element: Calculate Margins
Definition of Knowledge Element:
Know how to calculate profit margins for any works that are carried out by the company.
A very brief summary of the Knowledge:
Non provided.
A summary of expert opinion:
The knowledge named 'Calculate Margins' is considered to be absolutely critical.
In addition, the knowledge is thought to be slightly difficult to replace, it is mostly learned by study, and Between 7% and 30% of Group are Experts.
It is also specialised knowledge, and quite frequently changing knowledge.
See Parameter table below for more detail.
Risk:
This knowledge element has a risk value of 5.72, whilst the average risk for the whole knowledge structure is 4.862. Consult the RISK page for more details.
Knowledge linked by learning dependency:
| Costing work and services |
| Calculate Margins |
|---|
Postrequisite knowledge implies that Calculate Margins must be understood before for a person can gain a full understanding of the knowledge listed in the top row of the Linked Knowledge table.
Calculate Margins has no prerequisite knowledge items and is therefore known as a leaf node. A leaf node is knowledge that has not been investigated further when the map was constructed.
Parameters assigned for Calculate Margins.
| Identifier | Name | Value | Clarifier | Weight | Study Mean |
P1 |
Importance |
9.0 |
absolutely critical |
1.0 |
6.34 |
P2 |
Recovery |
1.0 |
slightly difficult to replace |
1.0 |
3.38 |
P3 |
Study-Exp |
1.0 |
mostly learned by study |
1.0 |
3.46 |
P4 |
Known By |
2.0 |
Between 7% and 30% of Group are Experts |
-1.0 |
2.80 |
P6 |
Specialised |
8.0 |
specialised knowledge |
1.0 |
5.05 |
P7 |
Stability |
2.0 |
quite frequently changing knowledge |
-0.7 |
6.41 |
People Involved with Calculate Margins:
| Person | Expert | Capable | Responsible | E N Roberts | Yes |
--- |
Yes |
|---|
Computed Similarity
The most similar node to Calculate Margins is Pricing structures.
The most dissimilar node to Calculate Margins is Communicate with customers.
Computer generated Options for Action:
Options for Action are computer generated ideas for the development of a particular knowledge area that an analyst or manager may wish to consider. The options generated for Calculate Margins are listed below.
Option Class is :- Preserving Knowledge
This option is :- The formal learning, documentation and integration of lessons during and on completion of work
This briefly involves :- Conduct a session to carry out a formal review of issues concerning the knowledge in question. The knowledge may be applied in several projects and lessons may be learned from any of them so the people invited to the review may have diverse backgrounds. Use the formal lessons learned approach but concentrate on the knowledge item rather than on a specific project.