The characteristics of the website development project, Financial Management

Assignment Help:

P Company manufactures and sells a range of children's clothing through its retail shops and is currently designing a website in order to allow customers to purchase products online. The project is a major investment for P Company and it is seen by the Board of Directors as being a critical strategic development to ensure the continued success of the business in a highly competitive market.

Distinguish the characteristics of the website development project in P Company from the characteristics of 'business as usual' work.

The website development project will have a number of characteristics or attributes that differentiate it from 'business as usual' work:

  • A project is usually undertaken to meet two sets of objectives: single relating to the accomplishment of the customer needs of scope (i.e. the deliverables), quantity, quality and cost, and the other relating to the achievement of the organisation's objectives of profitability and reputation etc.
  • The project will have a clearly explained start and end time and will usually be explained in terms of the scope, schedule and cost. In this case, the objective of the project is to make a new website. The project will be focussed on the tasks required to design and execute the new website within the stated time period. All tasks must be scheduled to meet this pre-determined end date.

 


Related Discussions:- The characteristics of the website development project

Estimate the cost of equity capital, You are required to choose a company f...

You are required to choose a company for analysis.  This company should be quoted on one of the principal international exchanges.  It may be your own company.  You should then do

Budget classification on the basis of flexibility, ON THE BASIS OF FLEXIBIL...

ON THE BASIS OF FLEXIBILITY • Fixed budget: this is designed to stay unchanged irrespective of the volume of output or turnover attained.  The budget remains unchanged over

Gordon''s dividend capitalization method, formula and explanation for Gordo...

formula and explanation for Gordon''s dividend capitalization method

Factors affecting cost of capital, Factors Affecting cost of capital are el...

Factors Affecting cost of capital are elements in the business environment that cause a company cost of capital to be high and low. Figure below illustrative the various primary fa

Types of efficiency-efficient market hypothesis , Types of Efficiency   ...

Types of Efficiency    Efficient market theory can be described in three ways: 1) Allocative Efficiency: A market is allocatively proficient when it directs savings tow

Application of concept of tvm, Q. Application of concept of TVM Sometim...

Q. Application of concept of TVM Sometime the financial manager has to deal with the varying situation of the decision making where the concept of TVM needs to be applied in th

Determine the term- investment decision, Determine the term- Investment dec...

Determine the term- Investment decision Investment decision is broadly concerned with asset-mix or composition of the assets of a firm. Concern of the financing decision is wit

Explain the sovereign risk, Explain the Sovereign Risk Sovereign risk d...

Explain the Sovereign Risk Sovereign risk denotes a country imposing exchange restrictions on a currency included in a swap making it expensive, or not possible, for a counterp

Working capital, define matching principle of working capital financing

define matching principle of working capital financing

Write Your Message!

Captcha
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