Strategic Planning is a process by which we can envision the future and develop the necessary procedures and operations to influence and achieve that future.
- Clark Crouch
  • Establish Project Accounting for Projects and Cost Control for Operations
  • Set up Project Controls & Project Status Review procedures and guidelines to monitor and control project costs
  • Post M&A Integration
Projects differ in that they frequently cross organizational boundaries, may last for anything from a few days or weeks to a number of years, during which time budgets may also be revised many times. In a project management environment, revenue and costs (both direct and overhead) are also allocated to projects, which may be subdivided into a work breakdown structure, and grouped together into project hierarchies. Project accounting reports at any such level that has been defined, and allows comparison with historical as well as current budgets. It's an important function in ensuring Project financials are monitored properly for management decision making.