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Financial Management & Accounting

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Financial Management & Accounting 1

Vikram Pandit, an Indian, is 50 yr old and it is a well well-known investment banker. But this is the first time he shall be leading a huge corporation like it. Critics doubt whether he could prevent it from disaster. Pandit is looked as a careful and conservative banker. Earlier he was Chairman and CEO of Citi’s Institutional Clients Group. Citi website has a biography of Mr. Pandit.

This looks at the suppliers’ features should you turn to the supplier to build up services or change existing products. Quality procedures, quality settings – Incoming, in the process, exams, reliability programs. These will give you an indication about how exactly well the provider manages their quality, which can impact you costs of management of quality performance problems. Services and tasks performed, duration and frequency, Response times for service phone calls. Cost of service not contained in the price. This recognizes what you can expect and what a few of the life-routine cost will be. Repair capability, repair quality, repair channels, long-term support, training, parts availability, repair cost/turn repair, and times locations and programs.

This identifies what you can expect and what a few of the life routine cost will be. What they provide, when they provide it, at what cost, frequency, response times etc. This recognizes what you can expect and what a few of the life-cycle cost will be. When did they are doing the work?

How large was the task? What was their role in the task? Who managed the project to them? What group or office manage it? What Contract Approach was used? What was the regularity of change, change waivers, or requests from standards? What was their adherence to the schedule? Were there problems that happened through the task? How did they respond to them? Where there any claims, or disputes?

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If these were going to take action over again, what would they be doing differently? The key in these types of questions is understanding what they did versus what they are wanted by you to do. Another key is identifying if they still have the skilled people to repeat the successful performance.

1.Working revision and systems levels backed. Does it work on what you have? 2.Number of license: Exclusive/non-exclusive & geographic scope? Object code & source code Or simply object code? Limits on use: internal/3rd party/potential competing uses? Term: time certain OR perpetual? The range of the license should impact what you are prepared to pay.

The more restrictive or limited, the less you want to pay. Delivery or Media method, FOB location; Acceptance, Test: start time and duration criteria: preferably, specs. Supplier or Buyer Installation? You ask these relevant questions to understand what is included in the price. 4.Warranties: Start time & duration, Material errors, or failures: criteria?

Repair or replace requirements, Time response requirements, Disclaimers. You consider these from a perspective of the value of the purchase and life-cycle cost. 5.Documentation. Amounts and Documents provided in cost? License of documentation: Rights, if any, to get ready derivative works? Rights to copy for internal training? You take into account these both from a pricing life and perspective-cycle cost. If you constantly need to buy documentation from them or keep these things prepare derivative copies the cost adds up. What’s contained in the price?

Location, number of students, details, and cost of additional training? That is another full-life cycle cost concern. While you might not need them it’s best to understand what they’ll do and what it would cost in the event you decide to do need them. 8.Maintenance. Maintenance: range, cost, error-correction & response times? Another life-cycle cost component relating to either the cost of the ongoing service or your cost of downtime. 9.Enhancements: description of enhancements, range, cost. The main element to the is understanding what you would get under the guarantee or maintenance contracts versus what they would like to charge more for.