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galina1969 [7]
3 years ago
14

Project management is not without its critics. As you have read, project management has experienced noteworthy failures in imple

menting computer software. What do you think lies behind the failure of project management to achieve its goals
Business
1 answer:
Gnesinka [82]3 years ago
7 0

Answer:

The factors that cause the failure of project management to achieve its goals include the following:

1. The scope of some projects are not well-defined and detailed.

2. Some project managers lack the required project and administrative experience, exposure, and training needed for successful project planning and implementation.

3. Some project managers do not identify the critical project risks from the beginning.

4. Projects that lack formal methods and strategies often fail.

5. It has been established that some project managers and their teams are not well-motivated to deliver their projects, leading to key staff abandoning the company and the projects mid-way.

6. Successful projects require detailed documentation and planning, the setting of deadlines, and the tracking of progress.

7. Leadership is key to effective project management.  Without senior management or politicians' buy-in, some projects face massive failure.

Explanation:

Project management starts from the home to the larger society.  It involves a fundamental application of process knowledge, management skills, technical tools and key deliverables, and various techniques to project activities in order to meet project goals and requirements.  Project managers and organizations that must achieve success should understand the causes of project failure.

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A firm has a debt-to-equity ratio of 0.50 and debt equal to $35 million. The firm acquires new equipment with a 3-year operating
ipn [44]

Answer:

($35 million + $12 million) / $70 million = 0.6714

Explanation:

6 0
3 years ago
Kendall Corp. purchased at par value $160,000 of Barker Company's 7% bonds that mature in 10 months. The bonds pay interest semi
lesantik [10]

Answer:

The correct answer is a. Debit Short-Term Investment for $160,000 and Credit Cash for the Same Amount.

Explanation:

Investments in Money Market Instruments, that is those instruments that mature within one year, are classified as Short-term Investments. Whereas, investments for a period of more than one year are termed as Long-term Investments. Since Kenall Corp. purchased bonds that will mature within one year, so such investment shall be classified under the head of Current Assets.

In-case of interest received semi-annually, Cash will be debited and Finance Income will be credited.

If you have any further queries, feel free to contact me.

Thanks.

8 0
4 years ago
Read 2 more answers
What is the difference between a supply chain and supply chain management?
Elodia [21]

Answer:

A supply chain is the system put in place to move a good or service, from a provider, to the final customer.

Supply chain management is the process of managing the supply chain.

Five key issues in supply chain management:

  • Upstream supply management: upstream supply refers to the acquisition of raw materials. Management has to find reliable upstream suppliers that offer a good balance between quality and price. For example, a paper-producing firm has to find a good timber and pulp company to operate.
  • Downstream supply management: downstream supply refers to the movement of fininished goods and services, to the final customer. Many companies contract a third party to complete this process, and it is of the utmost importance because customer satisfaction largely depends on it. For example, Amazon contracts UPS to complete deliveries in a timely manner.
  • Warehouse management: depending on the size of the business, inventory can be stored in a small room or in very large warehouses. Organizing inventory, and more important, deciding when to buy inventory, and when to dispose of it, are a key part of a business strategy. Amazon is known for its innovative warehouse management, which includes the use of hundreds of human employees and robots.
  • Product development: if a firm is new in the market, it has to provide a product or service, and product development is the first stage, before the company can move on to supply chain management. Companies already in the market should also try to develop new products and services to stay competitive. Amazon again, is well known for product development, offering new goods and services each year.
  • Outsourcing: sometimes it more efficient for a company to move production abroad. Studying the foreign market, and projecting future costs is crucial before deciding to outsource. Apple does not manufacture the iphone in the United States, instead, outsources this process to Asian countries were wages are lower.

7 0
4 years ago
Moss County Bank agrees to lend the Sandhill Co. $455000 on January 1. Sandhill Co. signs a $455000, 6%, 9-month note. The entry
FromTheMoon [43]

Answer:

See below

Explanation:

The journal entry for the issuance of the note proceed is shown below;

Cash A/c Dr $455,000

----------- To Notes payable A/c Cr $455,000

(Being the issuance as well as proceeds of the note that is recorded)

Cash account is debited because it is increasing and any increase in asset is debited. Also, the note will become payable which leads to increase in liability and an increase in liability is credited hence why note payable is credited.

• Note that other things like interest rate, duration are not considered because we were asked to pass the journal entry for the issues of notes not for any interest expense, reason why it was ignored.

8 0
4 years ago
Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring ser
Sedbober [7]

Answer:

1. Predetermined overhead rate of admin costs  - $ 27 per user.

2. Profit for TOOT Service   - $ 808,725

   Profit for TIX Service       -  $ 165,800

Explanation:

Computation of predetermined overhead rate

Product TOOT                                                  7,700 users

Product TIX                                                     <u>15,600 users</u>

Total users                                                       23,300 users                                                      

Predetermined overhead rate per user $ 629,100 / 23,300 = $ 27 per user

Allocation of Admin costs - TOOT - 7,700/ 23.300  * $ 629,100 = $ 207,900  

Allocation of Admin costs - TIX    - 15,600/ 23,300  * $ 629,100 = $ 421,200                          

2. Computation of profit per service

                                                      TOOT                 TIX

                                                          $                        $

Revenues                                      1,350,000          1.040.000

Less: Engineering costs               (  333,375 )       (     453,000 )

Less: Allocation Admin costs      <u> (  207,900 ) </u>     <u> (     421,200)</u>

Profit                                               808,725              165,800

5 0
4 years ago
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