Compare and contrast predictive, or plan-driven project life cycles with agile, or change-driven life cycles. When might each type of life cycle be appropriate?
Key concepts to be covered in the response include:
In a predictive or plan-driven life cycle, the product is well understood. There is a single detailed planning phase that is completed prior to project execution.
In an adaptive or change-driven project life cycle, a single detailed project plan is not completed prior to project execution. The plan is developed iteratively and incrementally. Iterations are very rapid and are fixed in time and cost. Early results lead into planning later work.
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Trends in cost management/cost accounting include all of the following except:
a. reductions in the administrative costs of gathering data b. a trend toward job order cost systems and away from process cost systems c. adding a fourth cost category called direct technology d. reduction in the direct labor cost component
Investments in bonds that management intends to hold to maturity are called held-to-maturity securities
Indicate whether the statement is true or false
Bugos Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per MonthVariable Element per Customer ServedRevenue $4,200Employee salaries and wages$58,800 $900Travel expenses $700Other expenses$33,300 When the company prepared its planning budget at the beginning of March, it assumed that 40 customers would have been served.The amount shown for "Employee salaries and wages" in the planning budget for March would have been closest to:
A. $94,800 B. $102,889 C. $91,200 D. $92,600
In early neutral case evaluation, a third party's evaluation of each party's strengths and weaknesses forms the basis for negotiating a settlement.
Answer the following statement true (T) or false (F)