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cestrela7 [59]
2 years ago
6

Why do more than half of enterprise application projects exceed budgets, deliver less than expected benefits, or experience over

runs?
Business
1 answer:
inessss [21]2 years ago
3 0

Answer: The answer is provided below

Explanation:

1. Underfinancing: One main reason that cause budget overrun and less than expected benefits is underfinancing. Allocation of an adequate amount of budget to project at the beginning will lead to a budget overrun or failure.

2. Unfeasible Cost Estimates: Estimation of cost is a vital process in a project and another common reason for budget overrun. When the cost is calculated by inexperienced or unqualified personnel, the project is going to face budget overruns.

3. Underestimating the Project Complexity: Big projects are usually at the risk of overrunning its budget as a result of bigger complications that may arise during its execution.

4. Lack of Resource Planning: When one fails to plan the resources that are available effectively, then this would lead to a budget overrun and less benefits. A common mistakes that cause overrun is failure to estimate the resources which would be utilized during the project.

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What are requirements managers responsible for providing?
9966 [12]
Requirements managers are responsible for documenting and analyzing and prioritizing requirements for projects and ensuring the products or services conform to the agreed upon capabiities of these. For example, in a mine a drill contractor may be required to drill a hole of only a certain diameter and complete holes say up to 300m long and have a drill that fits inside a safety canopy provided by the client. 
5 0
3 years ago
For featuring Lego Sets prominently in its store window, Toy Emporium, a store that carries educational toys, received a free mo
postnew [5]

Answer:

Promotional allowance

Explanation:

Promotional allowance is a discount on aproduct or any compensation given by suppliers to trade partners in order to carry out more promotions of their products.

Seasonal discounts are usually given on seasonal goods to encourage buyers to purchase the product in off peak periods.

Cash discount is usually given for prompt payment.

Rebate is when a part of an amount paid is returned to a customer.

I hope my answer helps you.

6 0
3 years ago
Hi-Test Company uses the weighted-average method of process costing to assign production costs to its products. Information for
LenaWriter [7]

Answer and Explanation:

The computation of given question is shown below:-

                                     <u> Hi-Test Company</u>

                            <u>Weighted-average method</u>

                                                              <u>Equivalent units</u>

<u>Particulars                            Physical units  Material  Conversion costs</u>

Units to be accounted for

Beginning work-in-progress    2,000

Production started                    28,000

Total units                                  30,000

Units accounted for:

1. Completed and transferred

out                                             23,000        23,000        23,000

                                                                 (23,000 × 100%)

Ending work-in-progress          7,000          7,000           2,800

                                                               (7,000 × 100%) (7,000 × 40%)

2. Total units                             30,000         30,000       25,800

                                           <u>Materials   Conversion costs  Total costs</u>

<u>Costs to account for:</u>

Beginning work in

progress                              $45,000        $56,320               $101,320

                                                  ($25,600 + $30,720)

Costs added during

period                                  $375,000      $341,000            $716,000

Total costs                           $420,000     $397,320            $817,320

÷

Total equivalent unit

of production                         $30,000      $25,800

3. Cost per equivalent unit   $14.00         $15.40

Cost accounted for

4. Completed and transferred

out                                         $322,000     $354,200         $676,200

                                      (23,000 × $14.00) (2,800 × $15.40)

7. Ending work in progress   $98,000        $43,120            $141,120

                                    (30,000 × $14.00) (25,800 × $15.40)

Total cost                                $420,000     $397,320         $817,320

4 0
3 years ago
After graduating from college, you are hired by the Ford automobile company as an economic analyst. For your first project, you
Olenka [21]

Answer:

1. if the price of Chevrolet Camaro increases, the demand for Ford Mustangs increases. Conversely, if the price of Chevrolet Camaro falls, the demand for Ford Mustangs falls.

2.If the price of gasoline increases, the demand for Ford Mustangs would fall and if the price of gasoline falls, the demand for Ford Mustangs would increase.

3. if income increases, demand for Ford Mustangs increases and if demand falls, demand for Ford Mustangs falls

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Income elasticity of demand measures the responsiveness of quantity demanded to changes in income.

If the absolute value of income elasticity of demand is greater than one, it means demand is elastic.

The income elasticity is given as 3 , it means that demand is elastic. So if income increases, demand for Ford Mustangs increases and if demand falls, demand for Ford Mustangs falls.

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

If cross price elasticity of demand is positive, it means that the goods are substitutes goods.

Substitute goods are goods that can be used in place of another good.

If the cross price elasticitiy is negative, it means that the goods are complementary goods.

Complementary goods are goods that are consumed together

Because the cross price elasticity between Chevrolet Camaro and Ford Mustangs is positive, it means they are subsituite goods. So, if the price of Chevrolet Camaro increases, the demand for Ford Mustangs increases. Conversely, if the price of Chevrolet Camaro falls, the demand for Ford Mustangs falls.

Because the cross price elasticity of demand between gasoline and Ford Mustangs are negative, they are complementary goods.

If the price of gasoline increases, the demand for Ford Mustangs would fall and if the price of gasoline falls, the demand for Ford Mustangs would increase.

8 0
3 years ago
Which of the following positions refers to a functional manager?
Mashutka [201]

Answer:

B... Purchasing manager

Explanation:

a p e x

5 0
2 years ago
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