Project Management (budget part) - Essay Example

Comments (0) Cite this document
In banks and job search agencies, tabs and laptops prove to provide a backbone on which every undertaking of such organization relies…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.4% of users find it useful
Project Management (budget part)
Read TextPreview

Extract of sample "Project Management (budget part)"

Download file to see previous pages The research seeks to address how a restaurant can install tabs as a strategy of serving customers and at the same time, improve the output per person and profitability.
Cost analysis will help us generate the current position of the business’ funds and the effect that will result when the project is in progress. Essentially, information on the strengths of the undertaking, weakness as a result of internal systems, and benefits of the final implemented program will provide the most reliable information in project management. Usually, management considers the payback period in which the business enterprise will recover the amount invested in the project.
In the current cost analysis, we include the balance sheet of the restaurant so as to establish the current finances available in the business. The values one incorporates in a balance sheet are derived are the various balances on the trial balance. The values reflect the balances of various assets and liabilities.
The balance sheet shows that the financial position of the restaurant is at a plausible position. The average value of the current assets for the four consecutive years is at $ 46, 000. However, in this analysis, fixed assets will not facilitate the decision of either to implement or discard the project. The reason is because fixed assets are none trading but only assist the management to evaluate the degree of insolvency. The data below represents the balance sheet of current funds available before the business implements the project.
The income and expense analysis shows the budget that the business has met in a period of one year before implementation of the project. The data in the statement shows that in the previous years, the restaurant’s sales were $ 190 000, $ 260 000, $ 355 000, and $ 482 000. More so, the average gross profit for the restaurant was $ 226 000. In evaluating the expenses, their value is below that of the revenues hence ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Project Management (budget part) Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Project Management (budget part) Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from
(Project Management (budget Part) Essay Example | Topics and Well Written Essays - 1000 Words)
Project Management (budget Part) Essay Example | Topics and Well Written Essays - 1000 Words.
“Project Management (budget Part) Essay Example | Topics and Well Written Essays - 1000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Project Management (budget part)

Budget Stimulation Project

...accommodations.2 Congressional Interests The types of concerns that Senator Harkin has supported have been to endorse the needs and address the concerns of the American public. Senator Harkin has been active in promoting health and health care initiatives, his belief system centered on a concept he terms ’well-care’, which he believes is in contrast to the current system which treats people after they become sick. In addressing health throughout one’s life, the prevention of a great many health problems could be avoided, not only saving lives, but saving money in the costs of treatments. He has worked to increase the budgets for research on cardiovascular disease, cancer, and Alzheimer’s, along with working to reverse...
5 Pages(1250 words)Research Paper

Module project part 1

...?MODULE PROJECT PART Introduction There is no denying the fact that emerging markets are gaining prominent grounds when it comes to their market viability for multinational companies across the globe. In a recent study, Hall (2006) found a number of factors that give emerging markets the kind of popularity they have gained over the years in terms of trade. Very significant among these factors is the fact that these emerging markets put in place highly favorable market conditions that guarantee safer market positioning and higher profitability. These factors notwithstanding, Morris and Pavett (2002) cautioned business owners on the need for thorough examination of the emerging markets they want to explore to be made, not confusing... in the...
8 Pages(2000 words)Assignment

Budget Management

...ID Lecturer Budget Management The options that come about under such a scenario comprise of the emphasis on my role because I have a role to play here. I need to be told up front where the budgets are being aligned and what kind of tweaking will eventually take place as far as the funding mechanisms of the community college are concerned. The benefits that I envisage upon my inclusion within the budget discussions would be that I will have a first hand understanding of these domains and hence would give a better idea as to how these fiscal issues need to be taken care of. The problems and challenges in the wake of the budget management...
1 Pages(250 words)Article

Course Project Part 2

...Task 4. Capital Budgeting for a New Machine What is the project’s IRR? (10 pts) To determine the IRR of the project we use the financial calculator, 22% 2. What is the project’s NPV? (15 pts) 3. Should the company accept this project and why (or why not)? (5 pts) The acceptability of this project depends upon the fact that the return for the project should be greater than the return of it. This logic holds true here. This is evident from the fact that the Net Present Value of this project is greater than zero which means that the project is in a condition to generate returns to a level that the present value of it is more than zero. Secondly, internal rate of return for a project provides a percentage of the amount of return... for the...
8 Pages(2000 words)Coursework

Project Part 1

...Running head: INTERNAL MEMORANDUM OF LAW Internal memorandum of law Internal memorandum of Law Court Robert Dexter Date: April 16, 2012 RE: Liability and case Referral Issues: 1. Under what condition were Jimmy Johnson and Mary Martin when the accident occurred? 2. What was the cause of the accident according to reports? 3. What are the states of the two parties who were involved in an accident? 4. Where did Jimmy Johnson drink? Brief answers 1. At the time of accident, Jimmy Johnson was drunk, and Mary Martin was sober feeling lonely and desperate. 2. The cause is not known, but Toxicology report shows that Mary had Prozac in her system and Jimmy had a blood alcohol of 16. 3. Martin lives in Philadelphia and Jimmy in New Jersey...
1 Pages(250 words)Essay

Budget Management Analysis

...Budget Management Analysis Introduction Operating budget is a financial projection plans of actions for a particular period of time estimated revenue and operating cost are projected in financial terms (MacEwan, 2009). Budgeting development enables realistic financial plan which reflect goals and priorities of organization in annual operating budget (MacEwan, 2009). This paper will discuss an operating budget development process, comparison of expense result with budget expectations, address possible reason of variance, and recommend three bench marking technique that hat can enhance...
4 Pages(1000 words)Research Paper

Project part

...Best Buy Retail Shop Amongst the top portfolio retail shops that deal in electronics, Best Buy is the largest of all with a value of around $20.5bn. The company realizes annual revenue that can be estimated to the tune of $40bn that helps it in managing the employees’ salaries and the rest ploughed back in the business. Best Buy also deals in a variety of goods that include home-office products, entertainment software and other appliances. It offers other related services that extend globally. The company has up to 1300 branches that are jointly run with other subsidiary companies like Geek Squad, Magnolia Video, Speakeasy, Audio Visions, Pacific Sales, Jiangsu Five Star Alliance and Future Shop. These stores are spread...
1 Pages(250 words)Essay


...South Asian Diabetic Community Annual Budget of the of the of the Brief Overview of the Study The prevalence of diabetes in South Asian communities especially among South Asian women is very common and increasing at a rapid pace mainly because of the cultural and demographic factors. The discussion presents an understanding over the budget initiative in terms of creating awareness among South Asians on diabetes in Los Angeles Area. Agencies Involved in the Project In this particular project, there will be health practioners, community health center advisors, doctors, participants, and dieticians will be involved. All these people will play...
2 Pages(500 words)Essay

Project Management Capstone - Schedule, Budget, and Controls

...of the product, multiplied by the number of units that will is sold per the year (McIntyre, 2013). Given that performance budgeting is the most ideal type budgeting and scheduling for this project, which focuses on actual or projected results, budget decisions will be shifted from inputs to outcomes. Analytic tools can also be used to develop both the schedule and the budget because such tools empower those responsible for budget preparation by facilitating full scope for judgment and subjectivity to them (Schick, 2007). Finally, Activity Based Budgeting can be used in schedule and...
4 Pages(1000 words)Assignment

Project Budget

..., increased revenue because of efficient processes and more satisfied employees. References Dobson, M., & Leemann, T. (2010). Creative project management. New York: McGraw-Hill. Gupta, S., & Mittal, A. (2009). Introduction to database management system. New Delhi: University Science Press. Lech, P. (2013). Time, Budget, and Functionality?—IT Project Success Criteria Revised. Information Systems Management, 30(3), 263-275. Doi:10.1080/10580530.2013.794658... Database Management System proposal memo Insert Insert Introduction Offsite has been experiencing an increasing growth in the kind of data it handles. In regard to that, there is need to integrate the company with a database management system (Gupta &...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Project Management (budget part) for FREE!

Contact Us