Discuss the internal and external measures of project success
What will be an ideal response?
The determinants of project success are the internal measures of time, cost, and performance and the external measure of client acceptance.
Time — Projects are constrained by a specified timeframe during which they must be completed; they are not supposed to continue indefinitely.
Cost — Projects must meet budgeted allowances in order to use resources as efficiently as possible.
Performance — Projects are developed in order to adhere to some initially determined technical specifications. Performance measurement means determining whether the finished product operates according to specifications.
Client acceptance — Projects are developed with customers in mind; their purpose is to satisfy customers' needs. If the completed project meets all internal criteria but does not satisfy the customer, then the project has not been a complete success.
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The U.S. Supreme Court is required to review all cases brought to it by the U.S. Court of Appeals
Indicate whether the statement is true or false.
Which of the following statements below shows the contrast between data and information?
A) Data is the primary output of an accounting information system. B) Information is the primary output of an accounting information system. C) Data is more useful in decision making than information. D) Data and information are the same.