A static budget be most effective in evaluating a manager for a few reasons. This might be the case if the store has been losing money and for once it is staying static.
In what situations will a static budget be most effective in evaluating a manager's effectiveness? A. The company has substantial variable costs. B. The planned activity levels match actual activity levels. C. The company has substantial fixed costs. D. The company has no fixed costs.
A project manager's cheat sheet for effective project management should include key project milestones, deadlines, team member roles and responsibilities, communication plan, budget details, risk assessment, and contingency plans.
Yes & No. The Project Manager is responsible for running the project within budget but the overall project budget is allocated by the Senior Management or in some cases the Customer. The project manager works on the budget given to him and then manages the project in a way that he is within budget
Key characteristics that make a project manager successful in leading and delivering projects effectively include strong communication skills, effective time management, the ability to problem-solve and make decisions, leadership skills, adaptability, and a focus on achieving goals within budget and timeline constraints.
Project managers are not usually hired on a %fee basis but on a contract.
In what situations will a static budget be most effective in evaluating a manager's effectiveness? A. The company has substantial variable costs. B. The planned activity levels match actual activity levels. C. The company has substantial fixed costs. D. The company has no fixed costs.
Cost centers generate expenses only. A comparison of the actual expenses with the flexible budget amounts allowed at that level is the most effective.
Controllable spending is simply spending that a given manager has control over. Controllable spending is examined in evaluating the budget performance of the manager who had control, in seeing how well he managed costs for his unit.
A static planning budget is suitable for planning and for evaluating how well costs are controlled.
A business plan is a great tool for evaluating a business. It provides benchmarks, budget, predictions for future development.
The project manager
A project manager's cheat sheet for effective project management should include key project milestones, deadlines, team member roles and responsibilities, communication plan, budget details, risk assessment, and contingency plans.
The key features of the 7wbb framework for effective project management include defining the project's purpose, setting clear goals, establishing a budget and timeline, assigning roles and responsibilities, monitoring progress, addressing risks, and evaluating outcomes.
Yes & No. The Project Manager is responsible for running the project within budget but the overall project budget is allocated by the Senior Management or in some cases the Customer. The project manager works on the budget given to him and then manages the project in a way that he is within budget
Flexible budget reports are another type of internal report. The flexible budget report consists of two sections: (1) production data for a selected activity index, such as direct labor hours, and (2) cost data for variable and fixed costs. The report provides a basis for evaluating a manager's performance in two areas: production control and cost control. Flexible budget reports are widely used in production and service departments.
there is a recession
You can find out what you need to have as your budget. Sometimes you need to make adjustments in order to stay within the budget.