The _________ Is Critically Important to the System Development Process

question 11

Short Answer

The _________ is critically important to the system development process because,when done properly,the study can prevent companies from making expensive mistakes,such as creating systems that will not work,that will not work efficiently,or that people cannot or will not use.

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Definitions:

Spending Variance

The difference between the budgeted or planned amount of cost and the actual amount incurred.

Total Expenses

The cumulative amount of all costs and expenses incurred by a business during a specified reporting period.

Spending Variance

The difference between the actual amount of money spent and the budgeted amount for a particular cost category or department.

Planning Budget

A planning budget is used for guiding a company's spending and operational goals before the start of a financial period.