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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 portfolio management (PPM) is the centralized management of the processes, methods, and technologies used by project managers and project management offices (PMOs) to analyze and collectively manage current or proposed projects based on numerous key characteristics.
Critical chain project management is a method of planning and managing projects that emphasizes the resources required to execute project tasks. Program Evaluation and Review Technique , commonly abbreviated PERT, is a statistical tool, used in project management, that is designed to analyze and represent the tasks involved in completing a ...
Large projects usually need to use quantitative forecasts associated with earned value management. [7] Although deliverables in these large projects can use adaptive development methods, the forecasting metrics found in earned value management are mostly used in projects using the predictive approach. [7]
Assessing a company's stability requires the use of both the income statement and the balance sheet, as well as other financial and non-financial indicators. Both 2 and 3 are based on the company's balance sheet , which indicates the financial condition of a business as of a given point in time.
The methodological process used to collect and organize project information can match normalized methodologies such as PRINCE2.. A PMIS Software supports all Project management knowledge areas such as Integration Management, Project Scope Management, Project Time Management, Project Cost Management, Project Quality Management, Project Human Resource Management, Project Communications ...
An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources. The resulting financial reports can be used internally by management or externally by other interested parties including investors , creditors and tax authorities.
Business activity monitoring (BAM) is a category of software intended for use in monitoring and tracking business activities. BAM is a term introduced by Gartner, Inc. , referring to the collection, analysis, and presentation of real-time information about activities within organizations , including those involving customers and partners.