1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Taylor Shoe Company just realized that the local newspaper advertisement was not correct and they immediately contacted the loca
Artemon [7]

What is the question here?

I don't understand

3 0
3 years ago
Match the terms to their definitions.
Irina-Kira [14]

The question requires matching the terms to their definitions.

  • <u>Hiring</u> is the process of employing (someone) for wages.

  • <u>Recruitment</u> is the process of finding new people to join an organization.

  • <u>Job Description</u> informs applicants about the responsibilities and required qualification.

  • <u>Recruitment Plan</u> is the process of integrating a new employee into an organization, maps out the strategy for attracting skilled employees and obtaining applications from a diverse workforce.

  • <u>Offer</u> is a proposal put forward by an employer to a prospective employee.

  • <u>References</u> serve the purpose of gathering information about a prospective employee from previous employers.

  • <u>Types of Recruitment</u>: internal (employees within the company) and external (people outside the company).

  • <u>Compensation</u> the money the employee will receive as a salary or wages.

  • <u>Interview</u> a face to face meeting between an employer and a job applicant.

Read more:

brainly.com/question/17850173

8 0
3 years ago
A farmer grows a bushel of wheat and sells it to a miller for $1. The miller turns the wheat into flour and then sells the flour
SIZIF [17.4K]

Answer: Value added by farmer = $1 Value added by miller = $2  Value added by the baker =  $3

GDP contribution is $6.

Explanation: GDP refers to the market value of final goods and services produced withing the national territory of a country.

Using the value added method, we can calculate GDP by summing up the value added at each level of production.

Value added by farmer = $1 Value added by miller = $3 -$1 = $2  Value added by the baker = $6 - $3 = $3

GDP = Value added by the farmer +Value added by the miller + Value added by the baker  = $1 + $2 +$3 =$6

Or

Using the expenditure approach, GDP is the market value of the final good sold to the customer.

GDP = Cost of bread to the engineer = $6

6 0
3 years ago
On December 31, 2020, the Bennett Company had 100,000 shares of common stock issued and outstanding. On July 1, 2021, the compan
matrenka [14]

Answer:

$5.31

Explanation:

Earnings per share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding

<em>where,</em>

<u>Earnings Attributable to Holders of Common Stock is :</u>

Net Income                                                                       $650,000

Less Preference Stock dividend                                       ($71,000)

Earnings Attributable to Holders of Common Stock      $579,000

<em>and</em>

<u>Weighted Average Number of Common Stocks Outstanding :</u>

Common Stocks at Beginning outstanding                                  100,000

Stocks Sold at Weighted Average (18,000 / 2)                                9,000

Weighted Average Number of Common Stocks Outstanding    109,000

therefore,

Earnings per share = $579,000 ÷  109,000

                                = $5.31

The 2021 basic earnings per share is $5.31.

4 0
3 years ago
Bramble Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $59
shusha [124]

Answer and Explanation

Given:

Accounts receivable balance = $598,000

Percentage of receivables that are uncollectible = 5% or 0.05

Uncollectible receivables = 0.05 × 598,000 = $29,900

Adjusting journal entry to record bad debt expense is:

Particulars                                          Debit              Credit

Bad debts expense                            XXXXX

     Allowance for doubtful debts                               XXXXX

(Being bad debts incurred)

Noe, Allowance for doubtful debts has a credit balance of $4,800.

Bad debt incurred = 29,900 - 4,800 = $25,100

So adjusting entry :

Particulars                                          Debit              Credit

Bad debts expense                            $25,100

     Allowance for doubtful debts                             $25,100

(Being bad debts incurred)

7 0
4 years ago
Other questions:
  • Find last​ year's salary​ if, after a 4% pay​ raise, this​ year's salary is $39,000.
    5·1 answer
  • It is reasonable to state that one object has twice as much of the attribute property when it has a score of 60, and the other o
    5·1 answer
  • What is the logic behind co-locating purchasing personnel with internal customers?
    5·1 answer
  • At a local university, students talk about being able to retake an exam three times as a way of showing how committed the school
    8·1 answer
  • Florence’s Florals, a retail business, started a $250 petty cash fund on June 1. Below are descriptions of the transactions to e
    12·1 answer
  • When Factory Wages Payable costs for labor are allocated in a job cost accounting system: rev: 11_27_2015_QC_CS-34722 Multiple C
    11·1 answer
  • The phrase "walk the talk" means:
    14·1 answer
  • For each of the following accounts indicate the effect of a debit or a credit on the account and the normal balance.
    10·1 answer
  • Suppose the price of a substitute to lcd televisions rises. What effect will this have on the market equilibrium for lcd​ tvs? T
    7·1 answer
  • Explain how firms that compete in the four different market structures determine profitability.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!