Assignment 1: Challenges to Effective Management Processes (125 points) Write a three to four (3-4) page paper in which you discuss the single biggest challenge to an effective management process and one (1) recommendation for addressing that challenge. Your assignment must follow these formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the 1) title of the assignment, 2) the student’s name, 3) the professor’s name, 4)the course title, and 5) the date. The cover page and the reference page are not included in the required assignment page length. Note: You will be graded on the quality of your answers, the logic/organization of the report, your language skills, and your writing skills. The assignment will be graded using the following rubric: Outcomes Assessed Analyze the requirements management process in a project management context. Use technology and information resources to research issues in project procurement management. Grading Rubric for Assignment 1 — Challenges to Effective Management Processes

Software project decision point.You need to determine an interest rate to use—select an interest rate and explain why you think this number should be used. Use it in your calculations in item 1.2.Given the information below on options 1 and 2, carry out three forms of analysis: breakeven, ROI, and NPV.Make a recommendation on which way to proceed, based on the TCO for each option.Option 1: Purchase the FunSoft package: Cost $200,000 for software and $85,000 for hardware in year one; with $50,000 to customize it and a $40,000 annual licensing fee for the life of the contract. There will be an annual saving of $61,000 due to the layoff of a clerk.Option 2: Purchase the SoftComm package, which will operate on the vendor’s hardware: Cost $250,000 for a five-year license, payable half up front and half during the first year of implementation. The maintenance contract, at $75,000 a year, includes all currently identified modifications to the software for the first three years. The clerk’s hours will be cut by half, for a saving of $25,000 a year.In both cases, sales are expected to increase from the current $1 million a year, by 10% per year each year (over each year’s previous year’s sales) after full implementation.Assume a five-year life for the software.

Assignment Content Reflection This reflection is comprised of two sections, collectively totaling a minimum of 500 words. Complete your reflection by responding to all prompts. Costing Systems The type of product a company produces affects the type of accounting system needed to determine product cost. The 2 most common types of costing systems are job order costing and process costing. Compare and contrast job-order and process costing systems. How can events in a job-order costing system affect financial statements? How can events in a process costing system affect financial statements? Provide specific examples for each type. Planning, Coordinating, and Controlling Business Operations Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business. Our textbook, Managing Accounting Concepts, describes 2 main types of budgeting: static budgets and flexible budgets. Differentiate between the 2 types of budgets and include the following in your response: Provide an example of the type of business or company that would benefit from using a flexible budget. Provide support for your business selection and include the advantage for using a flexible budget over a static budget.