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M4: Project management - Coggle Diagram
M4: Project management
Part A: Project management defined
What is project management?
The project management process
Stage 2: Project planning
Stage 3: Project implementation and control
Stage 4: Project completion and review
Stage 1: Project selection
What is a project?
Organisational structures for projects
Project organisations
Internal projects
Joint ventures
Collaborations
Public private partnerships
Virtual projects
International projects
Part B: Roles in project management
Project manager
Project leadership and the management accountant
The project team
Project sponsor
International project teams
Project management roles in international project teams
Virtual project teams
Challenges for virtual project teams
Part C: The management accountant’s role in project selection
Stakeholder identification and assessment
Ethically informed decision-making and its impact on stakeholders
Risk assessment
Risk classification
Risk identification
Risk mitigation
Strategic fit
Financial analysis—single project
Internal rate of return
Profitability index
Net present value
Payback
Return on investment
Residual income
Deficiencies in accounting-based measures
Sensitivity and scenario analysis
Developing a business case for projects
Financial analysis—multiple projects
Equivalent annual cash flow (equivalent annual annuity)
Part E: The management accountant’s role in project implementation and control
The importance of probity in projects
Risk management
Measuring performance
Monitoring specification and quality
Quality costs
Stakeholder management
Monitoring costs
The earned value method: Time versus cost
Monitoring progress
Part D: The management accountant’s role in project planning
Project budgeting
Project management software
Supplier contracts
Project scheduling
PERT: Program evaluation and review technique
Critical path method—crashing projects
Gantt charts
Part F: The management accountant’s role in project completion and review
Financial closure
Closing the cost records
Post-project expenditure
Final costs
Resource dispersion
Stakeholder satisfaction assessment
Final report
Strategic fit assessment
Specification satisfaction consensus
Checklist
The completion decision
Knowledge management