Cash flow & payment milestones
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| − | + | Project Cost Management includes the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget.<ref name = "besefi">Project Management Institute (2013). ''A Guide to the Project Management Body of Knowledge (PMBOK® guide)''. Newtown Square, Pennsylvania: Project Management Institute, Inc </ref>. Two main concerns, that are crucial in Project Cost Management are cash flow and payment milestones. | |
| − | + | This article will contain two chapters, one for each issue. Apart from diversification of definitions of cash flow <ref> Cash Flow. February 2018 from https://www.investopedia.com/terms/c/cashflow.asp</ref> and payment milestones for project, program and portfolio, this article will focus on practical information for Project Managers, and present some real life relevant technics and tools. It will also answer the question "''Why cash flow and payment milestones are so important in Project Cost Management?''" and how to approach them. | |
| − | + | ==Annotated Bibliography== | |
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| − | + | '''Project Management Institute (2013). ''A Guide to the Project Management Body of Knowledge (PMBOK® guide)''' | |
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| − | + | ==References== | |
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Revision as of 08:40, 12 February 2018
Abstract
Project Cost Management includes the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget.[1]. Two main concerns, that are crucial in Project Cost Management are cash flow and payment milestones.
This article will contain two chapters, one for each issue. Apart from diversification of definitions of cash flow [2] and payment milestones for project, program and portfolio, this article will focus on practical information for Project Managers, and present some real life relevant technics and tools. It will also answer the question "Why cash flow and payment milestones are so important in Project Cost Management?" and how to approach them.
Annotated Bibliography
Project Management Institute (2013). A Guide to the Project Management Body of Knowledge (PMBOK® guide)
References
- ↑ Project Management Institute (2013). A Guide to the Project Management Body of Knowledge (PMBOK® guide). Newtown Square, Pennsylvania: Project Management Institute, Inc
- ↑ Cash Flow. February 2018 from https://www.investopedia.com/terms/c/cashflow.asp
