As IS Development Projects Are Difficult to Budget and Schedule

question 59

True/False

As IS development projects are difficult to budget and schedule, technical and organizational feasibility is only an approximate, back-of-the-envelope analysis.

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Definitions:

Budget Variance

The difference between budgeted and actual figures for a given period, indicating under or overspending.

Machine-Hours

A measure of production time, calculating the total hours a machine is operated in the production of goods.

Actual Level

The real, observed state or amount of something, rather than estimated or predicted levels.

Variable Overhead Rate

The rate at which variable overhead costs fluctuate with changes in activity level or production volume, expressed per unit of activity.