BUSINESS FINANCE - ACCOUNTING



27/08/2023

























ABSTRACT
1. Roles and responsibilities of entrepreneur project manager.
2. Project A and Project B.





























Review

1.Roles and Responsibilities of an Enterprise Project Manager:
Project Planning and Initiation: Defining project goals, objectives, and 
deliverables. Developing project plans, schedules, and budgets.Team Management: 
Assembling and leading project teams. Assigning roles and responsibilities to 
team members. Ensuring effective communication and collaboration within the 
team.Resource Management: Identifying and allocating resources needed for the 
project. Monitoring resource utilization and making adjustments as necessary.
Scope Management: Defining and controlling the project scope. Managing scope 
changes and ensuring project deliverables meet stakeholder expectations.Risk 
Management: Identifying and assessing project risks. Developing risk mitigation 
strategies and contingency plans. Monitoring and managing risks throughout the 
project.Quality Management: Establishing and tracking quality standards. 
Ensuring project deliverables meet the required quality criteria.Stakeholder 
Management: Identifying and engaging project stakeholders. Managing stakeholder 
expectations, communications, and relationships.Schedule and Budget Control: 
Monitoring project progress against the planned schedule and budget. Taking 
corrective actions if deviations occur.Reporting and Documentation: Preparing 
regular project status reports. Documenting project progress, decisions, and 
lessons learned.Project Closure: Ensuring all project deliverables are 
completed and accepted. Conducting project reviews and capturing lessons 
learned for future improvement.

























2.Project A and Project B Project Selection based on Payback Period:The 
payback period is the time required to recover the initial investment in a 
project through its expected cash flows. In this case, Project A has a payback 
period of 10 months, while Project B has a payback period of 20 months.The 
choice between Project A and Project B would largely depend on the 
organization’s priorities and financial objectives.If the organization values 
shorter payback periods and prefers faster returns on investment, Project A 
would be preferred. It would allow for a quicker recovery of the initial 
investment and faster generation of positive cash inflows.On the other hand, if 
the organization has a more long-term focus and is willing to wait for a higher 
return on investment, Project B might be chosen. Despite its longer payback 
period, it could potentially generate higher financial gains beyond the payback 
period.The decision should align with the organization’s specific goals, 
financial situation, risk tolerance, and strategic priorities.
























3.Opportunity Cost Calculation:
The opportunity cost in this scenario represents the potential gain that is 
lost by choosing one project over another.To calculate the opportunity cost, 
subtract the NPV (Net Present Value) of Project B from the NPV of Project A:
Opportunity Cost = NPV of Project A - NPV of Project BOpportunity Cost = 
$105,000 - $35,000Opportunity Cost = $70,000Therefore, the opportunity cost of 
selecting Project A over Project B is $70,000. This amount represents the 
foregone financial gain by choosing Project A instead of Project B.Please note 
that you are responsible for formatting and citing according to the APA 
guidelines for your document.