Performance Measurement and Management for Engineers

Performance Measurement and Management for Engineers introduces key concepts in finance, accounting, and management to project managers who have engineering backgrounds. It focuses these basic concepts on issues of measuring and managing enterprise value. Thus, after defining enterprise value, the book begins by explaining the ways and means of measurement. It then takes up financial measurement, describing and analyzing the typologies of financial indicators while illustrating their advantages and disadvantages. After focusing on measuring enterprise value, the second section takes up managing that value. Like the first, it pursues a double view: using indicators for internal control while employing them to analyze other companies. If engineering project managers possess a source of quantitative and qualitative information about business management, Performance Measurement and Management for Engineers will help them increase their contributions to the business.

1. Introduction

PART 1: MEASURING ENTERPRISE VALUE

2. Value Based Management Indicators

3. Accounting Based Measures

4. Value Driver Measures

5. Scorecards

PART 2: MANAGING ENTERPRISE VALUE

6. Target Setting: Budgeting and Risk Management

7. Long and Short Term Decision Making

8. Performance Control for Organizational Units

9. Performance Control for Projects

10. Forms and Techniques for Financing

Appendix - Financial Accounting: an Overview