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92Managerial 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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83REDUCING 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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77Project Management - Managing Project Teams
The difference in productivity between an average team and a turned-on, high performing team is not 10%, 20% or 30% but 100%, 200%, even 500%! –Tom Peters. In project implementation, a variety of skills...
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81Analysis for the investor
Investors have different motives such as safety, liquidity and profitability. When buying shares, an investor would keep in mind the purpose of investment and degree of risk involved. An investment may be...
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76Managerial Accounting - Investment Centers & Transfer Pricing
Zain Packages Ltd has three divisions i.e. Paper, Printing and Packaging Division. The company makes cartons, boxes, packets, bags and wrappers. If the company earns a profit, each of the three divisions...
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81Managerial 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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82CASE STUDY: ACTIVITY-BASED-COSTING
The main purpose of any Costing Accounting System is to ascertain “True Cost" of a Product. If a company is making only one product, its true cost is the same as shown in the Profit & Loss account. Matter...
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85Case 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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76UNDERSTANDING CONTROL
In simple words “Control” means keeping actual position within expected limits. When one talks of Cost Control, one does not mean “Cost Savings” but ensuring that Actual Costs remain within...
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81Project Management - Contracts & Outsourcing
A project manager has to see a lot of activities in the nature of administrative, technical, socio-economic and environmental. If the manager is an engineer, supervision of technical jobs would be some-what...
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