Financial and Strategic Management of Projects - Essay Example

Free

Extract of sample
Financial and Strategic Management of Projects

The financial aspect in a project management is one of the most critical areas that should be managed very carefully is systematic way. This will attempt to present strategic financial management in a project. Question 1  Please discuss cost and financial monitoring systems and their value in project management Financial monitoring and control system includes a number of finical activities like financial planning, accounting, financial reporting, internal financial control etc. In case of a project management, the financial monitoring systems strives to offer effective tools for project appraisal, financial planning & forecasting, budgeting, In order to achieve the goal of a project proper control is necessary for making decisions, increasing the management efficiency and for managing the financial risk (Sears, Clough and Sears, 2008, p.259). The importance of effective financial monitoring is quite significant due to three reasons i.e. to avail necessary financial information which are useful for the supervisors of project; to detect and prevent fraud and corruption through internal control; and proper use of the invested capital and achieve higher return (The World Bank, 1999, p.9). Question 2 Please discuss project risk categories encountered in projects arising from estimation errors, major rework needs, unexpected schedule, logistics problem, etc. ...Show more

Summary

 Financial and Strategic Management of Projects Table of Contents Introduction 3 Question 1 3 Question 2 4 Question 3 5 Question 4 5 Question 5 6 Question 6 7 Conclusion 7 Reference 9 Introduction Project management can be defined by explaining the terms ‘project’ and ‘management’…
Author : runolfssonjuwan
Financial and Strategic Management of Projects essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Financial and Strategic Management of Projects"
with a personal 20% discount.
Grab the best paper

Related Essays

Strategic Financial Management
Requirement of capital and necessary investments are inevitable part of finance for any profit making or any non-profit making organisation. Finance plays very crucial role in economic development of any organisation. Emmanuel has explained that finance deals with money and credit employed in business and return on capital and investments.
6 pages (1500 words) Essay
Capital Projects and Strategic Direction
The ultimate aim of the management of the firm is to add value to the shareholders and the firm and therefore all the decisions made by the management of the firm always revolve around the maximization of the firm’s value. Any decision which does not result into the addition of value of the firm therefore shall not be undertaken as such decisions are considered as detrimental to the firm value.
2 pages (500 words) Essay
Financial and Strategic Management of Projects
Cash Flow Statement constitutes a fundamental part of the financial statements of any organization. The cash flow analysis is primarily based on the cash flows from operational, financing and investment activities. The executives of the companies of are generally curious about identifying ventures which are generating adequate return ratio.
3 pages (750 words) Essay
Strategic Financial Management
Second, hedging against catastrophic or extreme risk may reduce the likelihood and the costs of distress, especially for smaller businesses. Third, hedging against risks may reduce the under investment problem prevalent in many firms as a result of risk averse managers and restricted capital markets.
12 pages (3000 words) Essay
Strategic Financial Management
The third part evaluates the findings of the second part and discusses the extent these materials impact on the body of theory in the first
12 pages (3000 words) Essay
Strategic financial management
That is, the NPV can be determined using the formula thus: The investment decision criteria under the NPV approach is to accept a project with a net present value that is
12 pages (3000 words) Essay
Financial and Strategic Management of Projects
Therefore, in project management, the group of tasks ate managed in a systematic way for successfully accomplishing. The financial aspect in a project management is one of the most critical areas that should be managed very carefully is systematic way.
3 pages (750 words) Essay
Financial and Strategic Management of Projects Wk7
Cash Flow Statement constitutes a fundamental part of the financial statements of any organization. The cash flow analysis is primarily
3 pages (750 words) Essay
Financial and Strategic Management of Projects Wk8
A positive aspect of debt financing is that the firm does not relinquish any control (Richards, 2011). The use of equity financing can be used to raise money fast. One of the advantages of equity financing is that firm is not obligated
3 pages (750 words) Essay
Financial and Strategic Management of Projects Wk11
One of the reasons Starbucks Café has become the world’s leading coffee house is due to its use of choosing suppliers that offer fair trade coffee. Fair trade coffee guarantees the
2 pages (500 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT