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

Financial Planning, report on Financial Planning and Forecasting

report on Financial Planning and Forecasting

Risk of the complete portfolio, (a) Presume we have a portfolio of n name...

(a) Presume we have a portfolio of n names with some default correlation ρ . The risk of the complete portfolio moves according to the change in default correlation. Alternative

Qualitative analysis, Does your company have a cutting-edge product idea th...

Does your company have a cutting-edge product idea that will blaze new trails in its industry? Is it properly retiring out-of-date products and keeping current with new consumer de

Determine firm sales revenue, a) Gross profit shows the difference between ...

a) Gross profit shows the difference between a firm's sales revenues and its direct cost of sales (COGS). Net profit, however, is calculated after deducting overheads (expenses) fr

SES, Scenario: You are still a consultant for the Excellent Consulting Grou...

Scenario: You are still a consultant for the Excellent Consulting Group. You have completed the first assignment, developing and testing a forecasting method based on linear regres

Explain risk aversion, What is risk aversion? If common stockholders are ri...

What is risk aversion? If common stockholders are risk averse, how do you explain the fact that they often invest in very risky companies? Risk aversion is the trend to avoid add

Active portfolio strategy, Active Portfolio Strategy: An active portfo...

Active Portfolio Strategy: An active portfolio strategy is tracked by most aggressive investors and investment professionals who strive to make superior returns, after adjustm

Define why it is difficult to forecast future exchange rates, Researchers f...

Researchers found that it is extremely difficult to forecast the future exchange rates more precisely than the forward exchange rate or the current spot exchange rate. How would yo

How & why does working capital affect incremental cash flow, How and why do...

How and why does working capital affect the incremental cash flow estimation for a proposed large capital budgeting project?  Explain. Several large projects require additional

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