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95RESOURCE MANAGEMENT - LOADING & LEVELING
In a previous hub, we calculated slacks or floats. If an activity has a slack, its start can be delayed. For managing a project, there are various activities which have to be performed in some order. ...
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90Managerial Accounting –Decision Making: Relevant Costs & Benefits
When you have a choice between two or more alternatives and you have to select one, you are making a decision. If there is no choice, you will have to simply follow or obey. So a decision implies a selection,...
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91REDUCING PROJECT DURATION
No project is implemented in isolation. Events happening around the project may affect its progress. A nation-wide strike, an un-expected calamity or an abrupt economic change may bring the project to a...
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94Case Study: PERT / CPM - Calculating Floats
This is in continuation of my previous Case Study on CPM & PERT. Here I would describe ways and means to calculate Floats or Slacks. A little change has been made in Sketch # 3 in the previous article....
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90Case Study: Using CPM or PERT in time planning & control
For over three decades, I worked for a development bank. My main job was to evaluate proposals for setting up of industrial projects initially as an Officer and later as Head of the Division. I have many...
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87Managerial Accounting - Absorption, Variable & Throughput Costing
Profit is the yard-stick for evaluating performance of any business concern. Since ultimate profit depends upon plan and control, cost accounting plays a vital role. Previously, cost accounting was mostly...
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85Analysis of Financial Statements - Liquidity of Short Term Assets
A company must maintain its ability to pay its current obligations and also have a sound base to sustain in the long run. In any case, if a company cannot make immediate arrangements for clearing its current...
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86CASE STUDY: ECONOMIC VALUE ADDED
While ‘value’ is a general term, “value added” has specific meanings. I teach Management Accounting and when I say “What is value added?” most of the students would say that it is ‘adding a...
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86Managerial Accounting - Basic Cost Concepts
An accounting system measures costs which are later used for a number of purposes such as: (i) profit determination, (ii) performance evaluation, (iii) inventory valuation and (iv) cost control. It is,...
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84The tomb of Hazrat Abdullah Shah Ghazi
Every day, near about sunset, a steady stream of devotees crawls towards a green dome. Their destination is a grave draped in flowers. All wish to touch it but the marble railing comes their way. Not to feel...
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