Project Management Accounting: Budgeting, Tracking, and Reporting Costs and Profitability, with Website, 2nd Edition Budgeting, Tracking, and Reporting Costs and Profitability

This book will help project managers figure out how costs interact with the general ledger and help them make decisions about whether to continue with the project as planned, find an alternative solution, or scrap the project altogether. The book also shows how project expensing (both for internal projects and for outside vendors) should be capitalized or expensed in order to keep the budget on track and improve profitability. This book will help companies determine the greatest tax/cost savings by helping them determine what portion of the project can be capitalized. New material includes: Updated information on Project Management and its link to Project Accounting. New chapter on risk assessment of managing projects. New chapter on Agile Project Management and the difference between managing projects in an agile business and the concept of agile project management as applied to software and technical project. Updated and new case studies.