In many companies, large and small, it often seems as though one area of a company does not know what is happen-ing in other areas or, in some cases, may even be working against other areas. The first book of its kind to specifically address the accounting side of project management, Project Management Accounting validates the role of accounting as an important ingredient in maximizing the profitability and ROI of any project, concisely covering the business issues related to project management.Providing a resourceful introduction to the interrelationships between finance, accounting, and…mehr
In many companies, large and small, it often seems as though one area of a company does not know what is happen-ing in other areas or, in some cases, may even be working against other areas. The first book of its kind to specifically address the accounting side of project management, Project Management Accounting validates the role of accounting as an important ingredient in maximizing the profitability and ROI of any project, concisely covering the business issues related to project management.Providing a resourceful introduction to the interrelationships between finance, accounting, and project management, Project Management Accounting: Equips readers with a solid working knowledge of basic business practices Includes case studies to help readers understand how to analyze a company's financial information and how to apply proper accounting principals to a project Contains fundamental information on different areas of accounting and financial expertise, such as cost accounting and budgetingThis easy-to-follow guide enables readers to determine how project revenues and expenses affect a company's financial results and to make decisions about whether to continue with a project as planned, find an alternative solution, or scrap a project altogether. Filled with best practice guidance, this practical manual gets project managers quickly up to speed with the business savvy needed toward becoming top performing project management professionals.
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Autorenporträt
Kevin R. Callahan, MBA, PMP, is currently a Special Advisor to the CEO and Director of the Project Management Office at Learning Point Associates, a not-for-profit educational research company. He cofounded the Project Management Consortium that specializes in corporate transformations. A noted trainer andspeaker, he has addressed audiences at Project World, APICS, PMI, the Open Air Users Association, and others, and is a guest lecturer at DePaul University and the University of Illinois at Chicago.
Gary S. Stetz, MBA, CPA, CFE, is a cofounder and partner in the firm of Stetz, Belgiovine, and Manwarren (SBM), an accounting firm specializing in accounting, taxation, management advisory services, financial planning, and litigation support services.
Lynne M. Brooks, PMP, is a Client Training Manager at Sears Holdings Corporation in Hoffman Estates, Illinois. In her role at Sears, she manages a group of performance consultants who identify performance improvement solutions for the Home Services organization. She has successfully managed projects for clients ranging from Fortune 100 to startup companies within the petroleum, marketing, telecommunications, systems/software development, e-commerce, retail, and financial fields. She has a master's degree in instructional technology and attained certification as a Project Management Professional (PMP).
Inhaltsangabe
Preface. Chapter 1: Project Management and Accounting. Mission, Objectives, Strategy. Project Planning. Project Execution and Control. Chapter 2: Finance, Strategy, and Strategic Project Management. DuPont Method. Chapter 3: Accounting, Finance, and Project Management. Project Team and Financial Success. Calculating Return on Investment. STO Solution Model. Implementing Strategy throughout the Company. Conclusion. Chapter 4: Cost. Definition and Purpose of Cost. Cost Classifications. Cost Decisions. Cost of Quality. Cost and Industry. Conclusion. Chapter 5: Project Financing. Debt Financing. Equity. Income Tax Effect. Cost Implications of the Funding Methodology. Conclusion. Chapter 6: Project Revenue and Cash Flows. Role of the Financial Manager. How to Calculate the Statement of Cash Flows for a Company. Free Cash Flows. Methods for Calculating a Project's Viability. Conclusion. Chapter 7: Creating the Project Budget. Introduction. Case Study: Pontrelli Recycling, Inc. Planning for the Future. Creating a Project Budget. Review Project Financials. Project Cash Flow. Conclusion. Index.
Preface. Chapter 1: Project Management and Accounting. Mission, Objectives, Strategy. Project Planning. Project Execution and Control. Chapter 2: Finance, Strategy, and Strategic Project Management. DuPont Method. Chapter 3: Accounting, Finance, and Project Management. Project Team and Financial Success. Calculating Return on Investment. STO Solution Model. Implementing Strategy throughout the Company. Conclusion. Chapter 4: Cost. Definition and Purpose of Cost. Cost Classifications. Cost Decisions. Cost of Quality. Cost and Industry. Conclusion. Chapter 5: Project Financing. Debt Financing. Equity. Income Tax Effect. Cost Implications of the Funding Methodology. Conclusion. Chapter 6: Project Revenue and Cash Flows. Role of the Financial Manager. How to Calculate the Statement of Cash Flows for a Company. Free Cash Flows. Methods for Calculating a Project's Viability. Conclusion. Chapter 7: Creating the Project Budget. Introduction. Case Study: Pontrelli Recycling, Inc. Planning for the Future. Creating a Project Budget. Review Project Financials. Project Cash Flow. Conclusion. Index.
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