In a Traditional Systems Development Life Cycle (SDLC), the System

question 55

Short Answer

In a traditional systems development life cycle (SDLC), the system construction phase follows the completion of the _____ phase when the project steering team approves of proceeding with the project.

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Definitions:

Marginal Cost

The cost of producing one additional unit of a product or service.

Relevant Range

The range of activity or volume in which the assumptions about fixed costs and variable costs are valid.

Variable Cost

Costs that fluctuate with the level of output, such as materials and labor directly involved in production.

Cost Driver

An element that leads to a variation in the expense associated with an action.