Program Management:
Figure 1:
Question:
Decision Node Option 1: Cost Chance Node Chance/ Expected Differential Profit/Loss x Probability Revenue for (Profit/Loss) Probability Demand Type DoodVid This package provides worldwide rights to utilise 60 videos, which are pitched at engaging teenage students in Science, Technology, Engineering and Maths (STEM) subjects within secondary schools (Years 7 to 12). Many schools have reviewed these videos as being excellent, and the schools indicated that they helped their students to learn. Doodvid is also a local Western Australian company, and it is adding new videos to the collection all the time. All DoodVid videos will be available for the price listed below and will be licensed for unlimited use over 20 years. $520,000 1A: Strong 40% $840,000 $ $320,000 $128.000 Demand 1B: Moderate 45% $680,000 $160,000 $ $72,000 Demand 1C: Weak 15% $500,000 -$20,000 -$3,000 Demand DisMovies This company is offering 200 funny cartoon videos, that support learning across many subjects for Primary School students (Years 1 to 6). The licensing only covers use in Australia, and it is only valid for two (2) years. A review by the Department of Education in Western Australia identified that these videos were generally good and engaging for students. $485,000 2A: Strong 15% $1,150,000 $665,000 $99,750 Demand 2B: Moderate : 55% $860,000 $375,000 $206,250 Demand 2C: Weak 30% $580,000 $95.000 $28,500 Demand Option 2: Decision Cost Chance Node Chance! Expected Differential Profit/Loss Node Probability Revenue for (Profit/Loss) Probability Demand Type Option 3: OzSoc The 100 videos covered in this offer are focussed on a range of History curriculum related topics, which are suitable for use in secondary schools. A review provided by several schools who are current EdMI clients indicated that about 60% of these videos were useful and engaging for most students. This agreement would provide a global license, which lasts for five 15) years. Please note that Ozsoc is actually licensing these videos from other overseas suppliers and that OzSoc is a one person company based out of Taipei (Taiwan). $385,000 3A: Strang 45% $790,000 $405,000 $182,250 Demand 3B: Moderate 35% $670,000 $285,000 $99,750 Demand 3C: Weak 20% $640,000 $255,000 $51,000 Demand Your next email contains a report developed by JPMedia, which includes the following two tables. The figures in the first table are based on their expert analysis, which relates to purchasing the licenses for one of three video packages for inclusion in the EduStream system. The expected revenues listed in this table only cover two years. They have asked you to conduct an Expected Monetary Value (EMV) assessment for them and include the results in the two tables provided below. Decision Node Option 1: Cost Chance Node Chance/ Expected Differential Profit/Loss x Probability Revenue for (Profit/Loss) Probability Demand Type DoodVid This package provides worldwide rights to utilise 60 videos, which are pitched at engaging teenage students in Science, Technology, Engineering and Maths (STEM) subjects within secondary schools (Years 7 to 12). Many schools have reviewed these videos as being excellent, and the schools indicated that they helped their students to learn. Doodvid is also a local Western Australian company, and it is adding new videos to the collection all the time. All DoodVid videos will be available for the price listed below and will be licensed for unlimited use over 20 years. $520,000 1A: Strong 40% $840,000 $ $320,000 $128.000 Demand 1B: Moderate 45% $680,000 $160,000 $ $72,000 Demand 1C: Weak 15% $500,000 -$20,000 -$3,000 Demand DisMovies This company is offering 200 funny cartoon videos, that support learning across many subjects for Primary School students (Years 1 to 6). The licensing only covers use in Australia, and it is only valid for two (2) years. A review by the Department of Education in Western Australia identified that these videos were generally good and engaging for students. $485,000 2A: Strong 15% $1,150,000 $665,000 $99,750 Demand 2B: Moderate : 55% $860,000 $375,000 $206,250 Demand 2C: Weak 30% $580,000 $95.000 $28,500 Demand Option 2: Decision Cost Chance Node Chance! Expected Differential Profit/Loss Node Probability Revenue for (Profit/Loss) Probability Demand Type Option 3: OzSoc The 100 videos covered in this offer are focussed on a range of History curriculum related topics, which are suitable for use in secondary schools. A review provided by several schools who are current EdMI clients indicated that about 60% of these videos were useful and engaging for most students. This agreement would provide a global license, which lasts for five 15) years. Please note that Ozsoc is actually licensing these videos from other overseas suppliers and that OzSoc is a one person company based out of Taipei (Taiwan). $385,000 3A: Strang 45% $790,000 $405,000 $182,250 Demand 3B: Moderate 35% $670,000 $285,000 $99,750 Demand 3C: Weak 20% $640,000 $255,000 $51,000 Demand Your next email contains a report developed by JPMedia, which includes the following two tables. The figures in the first table are based on their expert analysis, which relates to purchasing the licenses for one of three video packages for inclusion in the EduStream system. The expected revenues listed in this table only cover two years. They have asked you to conduct an Expected Monetary Value (EMV) assessment for them and include the results in the two tables provided below
