Technology Standards
Supporting Activity Technology Standards
Why are standards important in the world of technology?
Technology standards are important for a wide array of different reasons. Of these reasons simplicity and compatibility are most likely among the prominent reasons. Simplicity and compatibility are important because they enable technologies and even industries to progress faster than they would on their own. If IBM had not set the PC standard, the development of computers, hardware and software, would not have progressed as fast as it has (Chyung, N.d.). By standardizing the industry to the most competitive format it has allowed for many different companies to operate on the same platform.
There are some organizations that can gain a market edge by maintaining proprietary technologies that can achieve compatibility in alternative ways. In markets that exhibit network effects, the presence of digital conversion technologies provides an alternative mechanism to achieve compatibility (Liu, Gal-Or, Kemerer, & Smith,...
Yet for most companies in most industries, standardization can play a pivotal role in providing efficiency. The heads of IEC, ISO and ITU have all emphasized: "International standards are powerful tools for helping organizations capitalize their potential in the global marketplace; developed by experts from around the world, they contain internationally harmonized best practice which can be used to measure, compare and increase efficiency and reduce waste (Frost, 2012).
During the initiating phase of a project, the foundation is laid by getting the objectives and purpose for the project stated clearly, doing needs analysis, and creating a statement of work with the stakeholders.
The Project Initiation Phase is the 1st phase in the Project Management Life Cycle, as it involves starting up a new project (Method, N.d.). Of all the phases in the project management life cycle, this one could be the most important. Planning a project entails a series of decisions, from general and strategic decisions to specific operational ones, based…
Project Management Supporting Activity Project Characteristics • What are some of the characteristics that differentiate projects from other functions carried out in the daily operations of an organization? List some examples of work considered to be a project and work not considered to be a project. The main trait and attribute that differentiates projects and non-projects is the duration of the event in question. Events that are ongoing in perpetuity are not projects.
PIM vs. PDA Analysis of the Differences Between PIMs and PDAs Both Personal Information Managers (PIM) and Personal Digital Assistants (PDA) share common attributes, the most prevalent of which is the ability to store a wide variety of personal information. A PIM is more designed to support the more important personal information people rely on in their personal lives and in business (Ayers, 1999). These include telephone numbers, significant dates and times
Activity-Based Costing and AIS Activity-Based Costing (ABC) is an accounting method that identifies the activities a company carries out and then assigns indirect costs (overhead) to products. Activity-based costing shows the relationships between the activities, the costs, and the products, and correctly associates the lion's share of the resources used with the actual production or provision of services. The recognition of these relationships enables the indirect costs to be assigned to products in
General & Administrative-costs cannot reasonably be associated with any particular product or service produced (overhead). These costs would remain the same no matter what output the activity produced. An example would be salaries of personnel in purchasing department, depreciation on equipment, and plant security. In the next step the results of analyzing activities and the gathered organizational inputs and costs are brought together, which produces the total input cost for
(Questions that will assist in quantifying the relationship between resources and activities include: How much time is spent performing each activity? What equipment is used to perform activities? Do some activities have dedicated equipment? Do some activities require more space than others?) After the data on resources have been collected, establish cause-and-effect relationships between resources and activities or resources and cost objects. The third step in the process is
Activity-Based Costing and Traditional Systems Activity-based costing (ABC) measures the cost of a product/service based on the activities performed to produce the product/service. Activities are processes, functions, or tasks that occur over time and have recognized results. Activities use up assigned resources to produce products and services. An ABC system first allocates indirect and support expenses to activities and processes and then to products, services and customers. Therefore, the ABC system