Question: Budgeted Engineering hours are not consistent with actual Engineering hours on projects. In 2018, this resulted in 1270 actual hours worked over what was quoted.
Budgeted Engineering hours are not consistent with actual Engineering hours on projects. In 2018, this resulted in 1270 actual hours worked over what was quoted. This is a profit margin loss of $99,060. To budget Engineering hours that better reflect the actual hours needed to design a project. This would reduce companys profit margin loss from 9.7% to 3%.
Choose only one option
A) The project is trying to solve too many things at once.
B) The scope of this project is so narrow that the project will probably have little impact.
C) The statement is clear, concise, definitive and have measurable outputs.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
