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Reika [66]
3 years ago
12

In contrast to a legal contract, the parties to a signed project charter feel obligated to the spirit (as opposed to the letter)

of the charter since the project details have not yet been worked out and the specifics will certainly change
Business
2 answers:
VLD [36.1K]3 years ago
8 0

Answer:

The basic purpose of a project charter is to authorize the project manager to start the approved project and allow him to use organizational resources to accomplish the objectives of the project.

Explanation:

rewona [7]3 years ago
7 0

Answer:The basic purpose of a project charter is to authorize the project manager to start the approved project and allow him to use organizational resources to accomplish the objectives of the project. If the charter is created properly, it also helps executives see the business value of the project.

Explanation: the project charter is an official document that formally authorizes a project or a phase and records the initial requirements that satisfy the stakeholders’ needs and expectations. A project charter documents the business needs or demands that cause the project’s existence, as well as its benefits to the organization, and it includes a short description of the output of the project. Changes to this document are sporadic because the project charter contains high-level information. The project charter should be created as soon as possible, because if there is no project charter there will be no project manager, no project title, no budget, and consequently, a cost account cannot be opened to record the cost of the project. A minimalist project charter should define the project scope, budget, milestones, and technical characteristics. Usually, one or two pages are enough for a project charter. Keep in mind that the project manager may create the project charter, but someone external to the project must authorize it. The project manager may help the project sponsor to create a project charter, or provide the input to create it, but only top management has the authority to sign it. I have seen many professionals become confused here. Some think that the project manager has the authority to approve the project and others wonder how they can be involved in making the project charter if they do not have the power to approve it. The project manager or the project management team may help in creating the project charter because of their expertise on the subject; however, the document must be approved by someone external to the project. The signing authority can be someone from your organization or from the client who has the authority to do so.

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You learned in the lesson how the stock market influences the economy. Do you have to own stocks to be impacted personally by th
TEA [102]
No, you do not have to own stocks yourself to be impacted by the change of the markets. Anybody who owns stocks AND run businesses that YOU go too will impact YOU dramatically. If stock prices drop, the amount of money they have will drop considerably, which means they have less money for merchandise. If they don't have merchandise, the businesses will go out, and you will not have anyplace to go too for your needs (for food, medicine, etc)

hope this helps
5 0
3 years ago
Which of the following represents an aggressive approach to demand management in the service sector when demand and capacity are
Rina8888 [55]

Answer:

a. lower resort hotel room prices on Wednesdays .

Explanation:

Now the hotel rooms capacity and demand do not match, even then the hotel prices lower rates to attract more customers and then there will be first come first take the hotel. Which shall create the problem of unavailability of hotel rooms mostly.

This is basically aggressive management, as all the rooms will generally stand accommodated, there will be low management required for allotment as people booking first will get rooms, and the staff needs to manage room service only.

8 0
4 years ago
Union Local School District has a bond outstanding with a coupon rate of 2.9 percent paid semiannually and 24 years to maturity.
marta [7]

Answer:

The bond price is $ 9,184.18  

Explanation:

I discounted all the future cash flows of the bond to present value in order to arrive at the price of the bond.

The discounting factor formula is 1/(1+r)^N where r is the rate of return of 3.4% divided by two as the return is semi-annualized and N is the relevant period of the cash flow.

The coupon is also divided by two to show that it is received twice a year.

Find attached detailed computation.

Download xlsx
7 0
4 years ago
Read 2 more answers
What is not true about bartering?
kenny6666 [7]
<span>Bartering can be more time-consuming than trading with money.
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5 0
3 years ago
Calgary Industries is preparing a budgeted income statement for 2018. Predicted sales for the year are $730,000 and cost of good
NeTakaya

Answer:

$186,900

Explanation:

The gross profit is the difference between the sales revenue and the cost of good sold. The gross profit percentage is the ratio of gross profit to net sales expressed as a percentage.

As such, the net operating income/loss is the difference between the sales and the total costs .

To get the net income, we would first get the gross income.

Gross income

= $730,000 - (40% * $730,000)

= $438,000

Next we must compute the net income before tax. This is the difference between the gross income and the operating expenses

= $438,000 - $90,000 - $81,000

= $267,000

Income tax expense = 30% * $267,000

= $80,100

budgeted net income for 2018

= $267,000 - $80,100

= $186,900

8 0
3 years ago
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