Current Event-Licensing Agreement Essay Example | Topics and Well Written Essays - 250 words

Current Event-Licensing Agreement - Essay Example The deal fits well into the objectives of each of the parties involved, and this may mean that the parties carefully looked into what benefits they will accrue from such an agreement before signing. Kate Spade & Co is seeking to use Fossil’s extensive networks to expand its operations to a global scale, meet growing demands and increase its profit margins. On the other hand, Fossil Global Inc is excited to add and represent Kate Spade & Co to its already envious portfolio. Looking back, Fossil Global has successfully entered into huge deals before. They have signed agreements with popular, successful brands such as Giorgio Armani and Michael Kors, both of which recently renewed their agreements for another ten year period. Fossil Global also handles the design, production and distribution of accessories for its portfolio of clients and takes off this load from the clients. Also with Fossil Global’s large distribution channel spanning competitively over 150 countries, Kate Spade & Co headache of creating their distribution points across the globe will reduce. I strongly believe that this partnership is worth undertaking despite the currency dip challenges that faced Fossil Global in the last quarter of their financial year. This type of partnership is a perfect example of a huge risk huge returns opportunity. The deal involves known and unknown risks as well as assumptions and uncertainties, some of which are outside the parties’ control. Using past experiences, Fossil Global Inc has signed other such agreements with huge and reputable brands including the American sportswear brand, Tory Burch and have come out successful in the end. When I look at the agreement, the ten-year period provides the parties involved with sufficient time to gather enough information to make informed decisions on whether the partnership is worthwhile or

IT Project Management Ch7 Assignment Example | Topics and Well Written Essays - 500 words

IT Project Management Ch7 - Assignment Example The main benefit of using its cost management feature is that it allows project managers to manage all the project related information at a single place. For instance, all the project related information such as resources, activities, schedule and costs can be managed in a single application at the single location. As a result, it becomes easy for them to integrate project activities with associated cost and schedule (Schaffhauser, 2010; Microsoft Corporation, 2015; Schwalbe, 2012). Every project manager uses a specific project management tool in order to manage their project management activities. For the cost management, they use specific criteria and some firms have their own software tools that allow them to calculate costs according to their available resources. In some cases, cost estimates are developed and maintained separately from the project plan. Though, MS Project 2010 encompasses all the features that are necessary to maintain a complete project cost management process, but it is still a new component for the majority of project managers, and it can take some time to get complete expertise (Schwalbe, 2012). The project completion opens a door for learning by measuring the performance and improving on the basis of mistakes. To evaluate the performance of any project, the Earned Value Management is quite a significant evaluation practice used in project management (Schwalbe, 2012). A study conducted by Dr. Song that is sponsored by the PMI (Project Management Institute) and CPM (College of Performance Management), is purposed at assisting the project managers to understand and measure the extent of practicing the Earned Value Management technique in project management as well as its practitioners’ base. This study’s important aspect is to deliver a cross sectional perspective of most of the recent EVM practices by surveying more than 600 project management experts. For getting a more useful and practical insight