Title: How organisational cost reporting practices affect project management: the issues of project review and evaluation

Authors: Terry R. Adler, William L. Smith

Addresses: College of Business, New Mexico State University, P.O. Box 30001, MSC 3DJ, Las Cruces, New Mexico 88003, USA. ' College of Business, New Mexico State University, P.O. Box 30001, MSC 3DH, Las Cruces, New Mexico 88003, USA

Abstract: While a project|s scope and schedule expectations have their own set of standards and principles, project cost reporting seems to be an underdeveloped discipline today. In this manuscript, we elaborate on how an absence of organisational cost management oversight has placed project managers in a bind, as project managers are responsible for managing project costs while (in many cases) not knowing what those costs are in relation to the project|s scope and schedule. We also discuss the issues of project cost reporting and the implications of how organisations affect the appropriate costing of projects when managerial accounting processes are available to facilitate project costing.

Keywords: project review; project evaluation; project cost reporting; performance measurement; monitoring; control; organisational cost reporting; project management; cost management oversight; managerial accounting.

DOI: 10.1504/IJPOM.2009.027541

International Journal of Project Organisation and Management, 2009 Vol.1 No.3, pp.309 - 320

Published online: 31 Jul 2009 *

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