Main reasons that there are changes to a budget

Assignment Help Operation Management
Reference no: EM13964237

Three main reasons that there are changes to a budget (and hence, changes to the overall budget) are: (1) errors the cost estimator made about how to achieve the tasks identified in the project plan; (2) an increased knowledge about the project's goal and deliverables causes changes to the way of thinking, leading to wholesale changes in the project; and (3) a new law, standard, or mandate occurs leading to a change in the way the project is carried out. Can you think of any other reasons why the baseline of the budget might need to be changed midstream of a project? (add ref with answers)

Reference no: EM13964237

Compensation manager for middle financial services

You are the compensation manager for Middle Financial Services. The organization buys, repackages, and sells financial instruments. The organization's five major units are sal

Perform a swot analysis for southwest airlines

Describe the current state of the airline industry and analyze what an airline can do to be successful in the current industry climate. Perform a SWOT analysis for Southwest

Overforecasting demand create within supply chain

What problems does overforecasting demand create within a supply chain? What problems does underforecasting demand create? What can a company do to resolve the problem of fore

Planning stages of implementing major downsizing initiative

Your company is in the planning stages of implementing a major downsizing initiative. Like most well-kept company secrets, word has started to spread throughout the company. Y

What is an abstract and median

What is an abstract? Research findings may be summarized rather than explained What summarizes information about the average value of a variable? What is the middle position o

The sales and construction contract

Having a new home built has become a popular for buyers who can't find exactly what they're looking for on the pre-owned market, or because they figure that everything is new

Encouraged the mass destruction of rainforest

The increased demand of palm oils in prepared foods has encouraged the mass destruction of rainforest in Indonesia for the purpose of planting palm tree plantations. The loss

Guidelines provide good map for an employer during staffing

The uniform guidelines are designed to aid in the achievement of our nation's goal of equal employment opportunity without discrimination on the grounds of race, color, sex, r

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd