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Financial control in project management: A case study

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2 Author(s)
Van Stellandt, F.V. ; Dept. of Industrial Management, Katholieke Univ., Leuven, Belgium ; Gelders, L.F.

Deals with the financial control of network projects in a Belgian construction form. An integrated computerized planning and control system is developed based upon network computations and the principles of budgeting and control with cumulative S curves. Budget forecasts are made for each new projects. During the execution of the project, feedback information concerning work progress and associated cash flows is provided at the end of each planning period. Special attention is given to the inflation phenomenon. Modifications of the initial plan are taken into account during the execution of the projects. The proposed method controls both expenses and revenues.

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Engineering Management, IEEE Transactions on  (Volume:EM-26 ,  Issue: 3 )