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Project accounting is a type of managerial accounting oriented toward the goals of project management and delivery.It involves tracking, reporting, and analyzing financial results and implications, [1] and sometimes the creation of financial reports designed to track the financial progress of projects; the information generated by this analysis is used to aid project management.
Project production management is the application of operations management to the delivery of capital projects. The Project production management framework is based on a project as a production system view, in which a project transforms inputs (raw materials, information, labor, plant & machinery) into outputs (goods and services). [34]
A Guide to the Project Management Body of Knowledge — Sixth Edition provides guidelines for managing individual projects and defines project management related concepts. It also describes the project management life cycle and its related processes, as well as the project life cycle. [9] and for the first time it includes an "Agile Practice ...
Milestones are tools used in project management to mark specific points along a project timeline. Project charter is a statement of the scope, objectives, and participants in a project. Project Management Simulators – are computer-based tools used in project management training programs. Usually, project management simulation is a group exercise.
PERT supplies a number of tools for management with determination of concepts, such as: float or slack is a measure of the excess time and resources available to complete a task. It is the amount of time that a project task can be delayed without causing a delay in any subsequent tasks ( free float ) or the whole project ( total float ).
In order to enable the project team to run a successful project, they also need the appropriate technology to conduct the project. This means a development environment, project management tools, etc. Factor 4: Finally, DSDM also states that a supportive relationship between customer and vendor is required.
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