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vladimir1956 [14]
3 years ago
6

Just as important as having the internal post-project meetings within the project organization is having a post-project evaluati

on meeting with the customer or sponsor.
Business
1 answer:
Paul [167]3 years ago
4 0

Answer:

Yes, If not more important than the internal post-project meetings.

Explanation:

The end of the execution phase of a project is not actually the completion of a project because there must be verification by both the executioner company and the customer or sponsor who awarded the project.

The verification of whether the execution of the project was done according to pre-execution standards set in the project planning phase in terms of 'project scope' 'project time' and 'project cost' will have to be done by the company as a way of self-assessment but ultimately by the sponsor. It is arguable that the sponsor is the stronger voice in the project execution assessment stage because 'he who pays the piper dictates the tune'.

The reasons why such post-project evaluation meeting with the customer is important is that:

1. Project Scope: The customer has to certify that the benefits to be delivered by the project are actually been delivered, which is the reason why the project was awarded in the first instance.

2. Project Time: The customer will have to agree that the project has been carried out within the agreed time-frame, and there will be no penalties for delay in execution of the project. Penalties for time-delay in project execution could carry significant consequences as the customer could trigger the liquidated damages clause in the contract.

Project Cost: Another point of consideration is whether or not the project has been done within budget.

All of these considerations have to be made between both parties before a successful project handover.

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Granfield Company is considering eliminating its backpack division, which reported an operating loss for the recent year of $41,
quester [9]

Answer:

 The impact of eliminating the backpack division

Particulars                                           Amount

Decrease in contribution margin      $480,500   ($950500-$470,000)

<u>Decrease in Expenses:</u>

Fixed expenses                                  <u>$208,800 </u>   ($70522,000*40%)

Decrease in Net operating income <u>$271,700</u>      (Financial disadvantage)

3 0
3 years ago
Incidents and diseases, although normally considered confidential, that must be reported to federal, state, or local agencies co
denis23 [38]

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4 0
2 years ago
The Smith Company manufactures insulated windows. Costs for March were as follows. Direct labor $53,000 Indirect labor 18,000 Sa
Marat540 [252]

Answer:

$27,000

Explanation:

The following costs were incurred by Smith's company during the month of March

Direct labor $53,000

Indirect labor 18,000

Salary of corporate vice president for advertising 25,000

Direct materials 48,000

Indirect materials 4,000

Interest expense 7,500

Salary of factory supervisor 3,000 Insurance on manufacturing equipment 2,000

Therefore the actual manufacturing overhead for March can be calculated as follows

= Indirect labour + indirect materials + salary of factory supervisor + insurance on manufacturing equipments

= $18,000 + $4,000 + $3,000 + $2,000

= $27,000

Hence the actual manufacturing overhead for March is $27,000

8 0
3 years ago
Poder Inc. is considering a project that has the following cash flow data. What is the project's payback?Year 0 1 2 3Cash flows
boyakko [2]

Answer:

c. 2.36 years

Explanation:

In the payback, we analyze in how many years the invested amount is recovered. The computation is shown below:

In year 0 = $750

In year 1 = $300

In year 2 = $325

In year 3 = $350

If we sum the first 2 year cash inflows than it would be $625

Now we deduct the $625 from the $750 , so the amount would be $125 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it

And, the next year cash inflow is $350

So, the payback period equal to

= 2 years + ($125 ÷ $350)

= 2.36 years

In 2.36 yeas, the invested amount is recovered.

3 0
3 years ago
g The Work in Process Inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $
poizon [28]

Answer:

200% of direct labor cost

Explanation:

The computation of the company overhead application rate is shown below;

But before that overhead cost would be determined

GIP = Direct material + Direct labor + Overhead

$4,400 = $2,000 + $800 + Overhead

So,

Overhead = $4,400 - $2,000 - $800

= $1,600

Now the overhead application rate is

= overhead ÷ direct labor cost

= $1,600 ÷ $800 × 100

= 200%

6 0
2 years ago
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