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Explain three of the basic principles of cost management. Examples are profits, life cycle costs, tangible and intangible costs and benefits, direct and indirect costs, and reserves. Why do you think information technology professionals overlook these concepts? What might be done to make these concepts more interesting to information technology professionals?
Andy owns property secluded deep in the woods outside of San Francisco Bay Area. David, a trespasser, enters Andy's property and stumbles into a snake pit, which Andy had dug
David is a director and officer of ABC, Inc. David makes a marketing decision that results in a dramatic decrease in profits for ABC and its shareholders. The shareholders ac
How is a project baseline used to guide the execution of the project's work, to evaluate progress and performance, and to control the project? Also, as you continue to think a
In the first discussion, we looked at traditional project control. Is project control different in an Agile project? What is the role of a project manager in controlling an Ag
An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equatio
What are "market mediation costs"? Explain these costs in some detail. Give one example of a product which has high market mediation costs, and also yet another example of a p
Part X requires four processing steps on the sequence ABCD. The demand for this part is 3,000 units per year. The scrap rates are given as below: dA = 0.10, dB = 0.05, dC =
Suppose that a final assembly is produced by assembling two components. The first component, component A, is produced in house and proceeded though three process steps, blanki
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