Project Management (budget part) Essay Example | Topics and Well Written Essays - 1000 words

Project Management (budget part) - Essay congresswomanThe research seeks to address how a eatery can install tabs as a strategy of part customers and at the same time, improve the output per person and profitability.Cost analysis will help us generate the current position of the headache funds and the effect that will result when the project is in progress. Essentially, information on the strengths of the undertaking, weakness as a result of internal systems, and benefits of the final implemented course of instruction will provide the most reliable information in project management. Usually, management considers the payback pointedness in which the business enterprise will recover the amount invested in the project.In the current damage analysis, we include the balance sheet of the restaurant so as to establish the current finances purchasable in the business. The values one incorporates in a balance sheet are derived are the motley balances on the trial balance. The values re flect the balances of various assets and liabilities.The balance sheet shows that the financial position of the restaurant is at a plausible position. The average value of the current assets for the four consecutive years is at $ 46, 000. However, in this analysis, fixed assets will not facilitate the decision of either to implement or throw off the project. The reason is because fixed assets are none trading but only assist the management to measure the degree of insolvency. The data below represents the balance sheet of current funds available originally the business implements the project.The income and expense analysis shows the budget that the business has met in a period of one year before implementation of the project. The data in the statement shows that in the previous years, the restaurants sales were $ xcl 000, $ 260 000, $ 355 000, and $ 482 000. More so, the average gross profit for the restaurant was $ 226 000. In evaluating the expenses, their value is below that o f the revenues hence