You're Working on a Proposal to Install a New Software

question 87

Essay

You're working on a proposal to install a new software system for a small local company. You have an extensive list of testimonials and a history of successfully completing other similar projects for area businesses. You know that the plan you propose will meet the client's needs, but due to other scheduling commitments you think it is unlikely that you will have the system up and running in six weeks as the customer requested. You decide to provide a timeline that commits to the customer's deadline, deciding that if you cannot honour it, you will create a story about a late delivery or another excuse to explain the need for an extra week or two. Discuss the implications of this situation.

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Definitions:

Operating Activities

The portion of a company's business activities that are related to its main operations, such as selling products or offering services.

Cash Flow Statement

A report detailing the impact of variations in balance sheet figures and income on cash and cash equivalents, segmented into operations, investments, and finance-related actions.

Dividend Payments

Dividend payments are the distribution of a portion of a company's earnings, decided by the board of directors, to its shareholders.

Cash Flows

The cumulative total of cash inflows and outflows in a company, influencing its liquid assets.