Section 4
Financial and Project Management Tools of Control
By Boundless
Gantt charts display the duration of steps in a project and are used by project managers to track the time and sequence of each step.
CPM and PERT are charts used to determine the sequence and maximum and minimum timing of activities in a project.
Financial and budget controls help ensure project success by controlling (and giving visibility to) input resources and output returns.
Project management audits are used to determine and control the quality, completion, and timing of a project.
A key component of project management is controlling inventory trajectories and quantities to reduce costs and maximize returns.
Break-even analysis can determine the minimum amount a company needs to sell in order to cover its costs with no gains or losses.
Ratio analysis is a useful tool for benchmarking the financial and operational efficiency of a project compared with other projects.