When Estimating Project Time Schedules Using Industry Standards for a Systems

question 68

True/False

When estimating project time schedules using industry standards for a systems project, the following values are acceptable: 15% for planning, 25% for analysis, 50% for design, and 10% for implementation.

---

Definitions:

Value Creation

Value Creation involves processes or activities that increase the worth of a product or service, enhancing its value to consumers and leading to competitive advantage.

Shareholder Value

The financial worth delivered to shareholders of a corporation due to management's ability to increase earnings, dividends, and share price.

Financial Accounting

The field of accounting that focuses on the preparation of financial statements to provide information to external users, such as investors and creditors.

Budgets

Financial plans that outline expected revenues and expenditures for a particular period.