You Are the Senior Project Manager for a Web Development

question 80

Essay

You are the senior project manager for a Web development company with upwards of 100 current client projects.You have been assigned to evaluate two upcoming projects.One project is to develop a time- tracking solution that would allow your 20 freelancers to submit daily time sheets and would report on the time spent on each project.The other project is to redesign the client interface to the company extranet to make it easier to use.The extranet allows clients to log in and view their current Web sites under development,as well as view project statistics,documents,and progress reports.Compare the two projects in terms of risk factors.

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Definitions:

Consolidated Statement

A financial statement that aggregates the financial performance of a company and its subsidiaries, presenting it as if the group were a single entity.

Comprehensive Income

The sum of net income and other comprehensive income, representing the total change in equity for a period other than transactions with owners.

Gross Margin

The difference between revenue and cost of goods sold, divided by revenue, expressed as a percentage; an indicator of the financial health and performance of a business.

Consolidated Retained Earnings

The cumulative amount of profits kept by a parent company and its subsidiaries after dividends have been paid.