Kevin R. Callahan, Gary S. Stetz, Lynne M. Brooks

Project Management Accounting (eBook, PDF)

Budgeting, Tracking, and Reporting Costs and Profitability

• Format: PDF

Produktbeschreibung

Over the past few decades, Project Management has shifted from its roots in construction and defense into mainstream American business. However, many project managers' areas of expertise lie outside the perimeters of business, and most do not have the formal education in business, accounting, or finance required to take their skills to the next level. In order to succeed, today's project managers (PMs) who wish to soar to the top or remain at the helm of their profession need to have a comprehensive grasp of the business context within which they work. Providing a resourceful introduction to the interrelationships between finance, accounting, and Project Management, Project Management Accounting, Second Edition is designed to help PMs at various skill levels improve their business skills, provide advanced contributions to their organizations, and perform with greater proficiency.

Authors and industry experts Kevin Callahan, Gary Stetz, and Lynne Brooks combine their decades of Project Management experience and insights to provide professionals in the field with a 360-degree understanding of how costs interact with the general ledger. Through the authors' seasoned expertise, PMs are better equipped to assess all facets of a project with a broader understanding of the "big picture" to determine whether to continue as planned, find an alternative solution, or scrap the project altogether.

Rich with new content as well as many new case studies, this Second Edition of Project Management Accounting includes:

• Updated information on Project Management and its link to Project Accounting
• A new chapter on assessing risk when managing projects
• How to determine the greatest tax/cost savings
• Project Management in relation to a company's mission, objectives, and strategy
• Project Management in an agile business
• Coverage of agile Project Management as applied to software and technical projects
• New, updated, and timely case studies
• Sample checklists to help readers get started and apply concepts to their business

Project managers must make vital decisions every day that impact the schedule, costs, or resources committed to a given project. Project Management Accounting, Second Edition, provides the tools and skills to help PMs establish with greater certainty whether these costs should be capitalized or expensed to stay on budget and improve a company's bottom line.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 226
• Erscheinungstermin: 12. Mai 2011
• Englisch
• ISBN-13: 9781118078204
• Artikelnr.: 37486960

Autorenporträt

KEVIN R. CALLAHAN, MBA, PMP, is the founder and Chief Bulldog at The COO's Bulldog, where he specializes in helping small companies find and fix problems in their operations and entrepreneurs build their back offices.

GARY S. STETZ, MBA, CPA, CFE, CFF, ABV, is the cofounder and partner of Stetz, Belgiovine, and Manwarren (SBM). Mr. Stetz is also a director and cofounder of Allegiance Community Bank.

LYNNE M. BROOKS, PMP, is an Education Manager in the Education and Publications Group at the College of American Pathologists where she applies Project Management in developing Continuing Medical Education for physicians.

Inhaltsangabe

Preface xi
Acknowledgments xv
Chapter 1 Project Management and Accounting 1
Mission, Objectives, Strategy 2
Project Planning 6
Project Execution and Control 11
Notes 21
Chapter 2 Finance, Strategy, and Strategic Project Management 23
DuPont Method 24
Note 44
Chapter 3 Accounting, Finance, and Project Management 45
Project Team and Financial Success 46
Calculating Return on Investment 53
STO Solution Model 59
Implementing Strategy throughout the Company 61
Conclusion 68
Notes 69
Chapter 4 Cost 71
Definition and Purpose of Cost 73
Cost Classifications 74
Cost Decisions 80
Cost of Quality 83
Cost and Industry 85
Manufacturing Industry 89
Conclusion 90
Note 91
Chapter 5 Project Financing 93
Debt Financing 93
Corporate Bonds 95
Equity 97
Income Tax Effect 99
Cost Implications of the Funding Methodology 100
Conclusion 112
Chapter 6 Project Revenue and Cash Flows 115
Role of the Financial Manager 115
How to Calculate the Statement of Cash Flows for a Company 119
Free Cash Flows 127
Methods for Calculating a Project's Viability 128
Conclusion 137
Notes 139
Chapter 7 Creating the Project Budget 141
Introduction 141
Case Study: Pontrelli Recycling, Inc. 142
Planning for the Future 147
Creating a Project Budget 157
Review Project Financials 161
Project Cash Flow 162
Conclusion 168
Note 169
Chapter 8 Risk Assessment 171
Risk to Your Reputation 175
Competency 176
Integrity and Honesty 177
Organizational Structure 178
Human Resources 179
Reports on Financial Statements 180
Project Specific Risk 197
Engagement Acceptance 199
Conclusion 200
About the Web Site 201
Index 203