Generally speaking, financial-minded people are taught not to take risks. CEOs and sales-minded people are taught to take risks. This stark difference between the two roles (CFO and CEO) can cause friction if not addressed. Risk can be expected within any organization, regardless of how much due diligence you do. Someone once described risk and uncertainty
See Also: Percentage Completion (POC) Method Completed Contract Method Capital Expenditures Construction Accounting Work Breakdown Structure Definition (WBS) The Work Breakdown Structure definition is a technique or method of breaking out different components or pieces of a project. The work breakdown structure chart starts at the highest level of the project and then breaks down the different
See also: Cost Driver Variable vs Fixed Cost Sunk Costs Activity Based Costing vs Traditional Costing Removal Cost Profit Center Responsibility Center Adding Value as a Financial Leader Cost Center Definition In accounting, a cost center is a type of responsibility center. A responsibility center is an organizational subunit the manager of which is responsible
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