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Q1) A frequent occurrence is for an IT acquisition project that is behind schedule and over budget to continue out of control until the costs become intolerable or some other event causes it to end, resulting in much waste of resources with few or no benefits.
Your Question. Your question has two parts. (a) Who is or should be responsible for monitoring the performance of IT acquisition projects and taking action that may result in cancelling the project? (b) Under what conditions, if any, should an IT acquisition project that is seriously behind the planned schedule and significantly over the planned budget be allowed to continue?
REA data modeling does not include traditional accounting elements such as ledgers, chart of accounts, debits and credits.
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