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Jobisdone [24]
3 years ago
10

Complex projects such as research and development for new products often employ rolling wave planning to estimate costs. Which o

f the following best describes "rolling wave" planning? a. Project managers render a definitive estimate for the first stage and an order of magnitude estimate for the remainder of the project. b. Project managers render definitive estimates for all stages of the project during initiation. c. Project managers render an order of magnitude estimate for the first stage and a definitive estimate for the remainder of the project. d. Project managers render an order of magnitude estimate for all stages of the project.
Business
2 answers:
Aleks04 [339]3 years ago
3 0

Answer:

A. Project managers render a definitive estimate for the first stage and an order of magnitude estimate for the remainder of the project.

Explanation:

Project managers should not lie to themselves or others regarding project costs. Fixed costs remain the same regardless of the size or volume of work, while variable costs vary directly with volume of use. The project scope does not come into play when considering fixed and variable cost choices.

To provide an up-to-date record of commitments and authorized within budgets so that unexpected over/under run costs do not result, ensuring that all transactions are properly recorded and authorised and, where appropriate, decisions are justified.

storchak [24]3 years ago
3 0

Answer:

A

Explanation:

In a Rolling wave technique, a project manager is able to plan a project while it is taking place.

An example is where a project manager is faced with a project that has to be done in 10 months. And after estimating costs, the financial resources available could only run for the first 3 months. In this case the first 3 months are already accounted for. This is the definitive estimate for the first stage.

As the project progresses and more financial resources are available, the following months can be planned.

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Compute the cost of 1,000 gallons of each flavor of ice cream using the department allocation rates computed in requirement (b)
nirvana33 [79]

Answer:

As you did not include the departmental allocation rate calculated or the question relating to it, I shall provide an allocation rate and you can relate this with your assignment.

Assume the allocation rate is $3.00

Labor, raw materials and overhead cost allocation hours are given in terms of 1,000 gallons already.

Cost of Strawberry:

= Direct labor + Raw materials + Overhead cost

= 766 + 816 + (60 hours * $3.00 allocation)

= 766 + 816 + 180

= $‭1,762‬

Cost of Vanilla:

= 841 + 516 + (70 * 3)

= 841 + 516 + 210

= $1,567

Cost of Chocolate:

= 1,141 + 616 + (100 * 3)

= 1,141 + 616 + 300

= $2,057

3 0
3 years ago
Manufacturing Company has labor costs as follows: Gross Wages Factory...........$1,000,000 Net Wages Factory....................
Afina-wow [57]

Answer:

The debit of $1,100,000 is posted to factory labor

Explanation:

The debit to factory labor would comprises of the gross wages and employee payroll taxes payable as the cost of factory labor should reflect the company's total costs incurred for the relevant period.

Debit to factory labor=$1,000,000+$100,000

                                   =$1,100,000

There are some certain deductions taken from wages and salaries before the remnant is paid to employees such as contribution to pension scheme,the fact that such deductions are not paid to employees now  does not mean it should be excluded from total cost of labor as it is a part and parcel of payroll expenses.

3 0
4 years ago
Recently, a Domino's pizza franchise in Upstate New York made the strategic decision to stay open for 24 hours a day. The manage
bonufazy [111]

Answer and Explanation:

The matching is shown below:

For Strength:

Strong Brand Name

Good Location

For Weakness:

Staffing

Inventory Management

For Opportunity:

Demand

Late Night Eating

For Threat:

Health

Competitors

Like this way it is to be matched

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It basically performs the SWOT Analysis

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4 years ago
Your company has developed and implemented countermeasures for the greatest risks to their assets. However, there is still some
Makovka662 [10]

your company has developed and implemented countermeasures for the greatest risks to their assets. however, there is still some risk left. The remaining risk is called residual risk

<h3>What is residual risk?</h3>

The residual risk is the risk left for an individual or organization to face after the main danger have been removed.

The effects is usually not as high as the main risk associated to the work.

Learn more on residual risk below

brainly.com/question/6041526

#SPJ1

8 0
2 years ago
In formal group the designated work
Ksenya-84 [330]

Explanation:

In formal group the designated work

assignments establishing tasks and

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