Journal entry Essay Example | Topics and Well Written Essays - 500 words

Journal entry - Essay ExampleThey will also be motivated to deliver the work on time and undertake that they make the best use of time. To this end, new entries could be added to the existing journal as followsThe compute of the project is a reflection of the resources that are going to be ready into the project. This shall not be in terms of monetary spending alone. Rather, several areas of the project that demand human resource, capital resource, time resource and thrust resource have all been factored into the budget. Again, the budget does not nevertheless make a representation of the needed resources that are going to be invested into the project that expected income is also featured. On the whole, the procurement of equipment is expected to be the component of the project that will have a lot of drain on the budget. This is because only brand new machine parts are going to be purchased. Moreover, spending to be made by the staff is also expected to put a lot of financial on the budget. In all, sale of the engines to be produced will be the major source of capital for the project. The development of the project budget goes with the following entries in the journalCalculating estimated income that the project will eventually yield when it is completed. The income shall be dictated by factors including time of completion, quality of project and chip of pieces of equipment made.As already hinted, the quality of the project will go a long way to determine the income that the project is going to yield. This is because in todays competitive world where value for money has become the order of the day, consumers and customers of good and products expect nothing less than absolute quality. This is a demand that puts the team under pressure to ensure maximum adherence to quality restrictions. To this end, there shall be a special review to the quality management plan that has already been incorporated to take care of management of quality issues in the proj ect. The new modification shall