Answer:
The factors that cause the failure of project management to achieve its goals include the following:
1. The scope of some projects are not well-defined and detailed.
2. Some project managers lack the required project and administrative experience, exposure, and training needed for successful project planning and implementation.
3. Some project managers do not identify the critical project risks from the beginning.
4. Projects that lack formal methods and strategies often fail.
5. It has been established that some project managers and their teams are not well-motivated to deliver their projects, leading to key staff abandoning the company and the projects mid-way.
6. Successful projects require detailed documentation and planning, the setting of deadlines, and the tracking of progress.
7. Leadership is key to effective project management. Without senior management or politicians' buy-in, some projects face massive failure.
Explanation:
Project management starts from the home to the larger society. It involves a fundamental application of process knowledge, management skills, technical tools and key deliverables, and various techniques to project activities in order to meet project goals and requirements. Project managers and organizations that must achieve success should understand the causes of project failure.
Answer:
$132,300
Explanation:
The total manufacturing costs for the month can be calculated as follows
Direct labor + indirect materials + factory manager salary + indirect labour + direct materials + depreciation on factory equipment
= 40,600 + 16,200 + 8,200 + 10,000 + 7,300 + 41,500 + 8,500
= $132,300
Hence the total manufacturing costs if $132,300
Answer:
b wages, interest payments, rent, and profits
Explanation:
The GDP refers to the Gross domestic product which reflects the finalized market value of the goods and services that are to be produced within the country
Plus According to the factor payments, the GDP are to be calculated based on wages, interest payments, rents, and profits and the same is to be considered while calculating the GDP
Answer:
Nolan Company
Bank Reconciliation
June 30
$
Balance per cash book 22,064
Less: Bank Service charges ( 24)
Add: Error in recording payment ( $ 59- $ 50) 9
Add: Interest earned <u> 27</u>
Adjusted balance per cash book <u> 22,076</u>
Balance per bank statement 22,531
Less: Outstanding checks ( 2,655)
Add; Deposits in Transit <u> 2,200</u>
Adjusted balance per bank statement <u>22,076</u>
Explanation:
The bank service charges and the interest earned appear on the bank statement and has to be adjusted in the cash book balance. The errors found in recording the payment at $ 59 instead of $ 50 results in an overpayment and the correction needs to be added to the cash book balance
the outstanding checks has not yet been cleared by the bank so there is a reduction on the bank statement balance. The deposits in transit has not been received by the bank so needs to be adjusted as an addition on the bank statement balance.
