Bmis 208 Cms Systems Inc Essay

1124 Words Aug 25th, 2014 5 Pages
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BIS 245 WEEK 7 ilab – TUTORIAL
BIS245 Week 7 iLab Devry University



General Background Information:
CMS Systems, Inc. is a company that provides information systems consulting services to companies in the
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Other clients are billed based on the total number of hours provided by CMS employees multiplied by a rate per employee type per employee hour. These arrangements are called “T&M—Time and Materials” contracts. T&M contracts specify a maximum of 40 hours per week for which the client is willing to pay. Any amounts over 40 hours per week are not billable, but are considered discounted hours.
For T&M contracts, the rate per hour for each consultant is determined by the employee’s level of expertise. For example, a client pays $100/hour for an employee who is at the level of Systems Analyst I. That same client pay $250/hour for an employee designated as a Manager II.
T&M and Fixed Price contracts are the only two types of contracts currently used by CMS.
All CMS employees must keep a record of the time they spend working for each client on a weekly basis. Because employees can work for more than one client and perform different functions for each client, CMS utilizes “project management” to keep track of employee assignments to client contracts. Employees can be assigned to work on more than one project at a given time. In fact, it is not unusual for an employee to spend time on two or more different projects within the same day.
Just as a client can have more than one contract with CMS, a contract can consist of more than one project. For example, a contract for the development of a new system could be fulfilled in multiple

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