The Goal of the Planning Phase of the Systems Development

question 6

True/False

The goal of the planning phase of the systems development life cycle (SDLC)is to define the business need for a project.

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Definitions:

Variable Cost

A cost that changes in proportion to the level of activity or volume of output in a business.

Capacity

In finance, the ability of an individual or organization to repay a loan or meet financial obligations.

Fixed Costs

Costs that do not vary with the volume of production or sales, such as rent, salaries, and insurance.

Selling Price

The fixed or negotiated amount at which a product or service is sold to customers.