By definition, a cost ledger is one of the books of account in a cost system to which entries are posted from books of original entry, the various accounts therein showing the accumulated costs classified by order, process, type of expense, and department. When it comes to managing the delivery Read more…
The paper titled “Skills and Knowledge Requirement for Project Control Professionals” by Allan Crow, Vincent Sovis and Harish Chopra provides a comprehensive outline of how organizations can build their project control team for capital construction projects. The paper aims to specifically address the skills and responsibilities for the various project Read more…
When it comes to evaluating and shortlisting capital investment opportunities, an organization needs to consider selecting and investing in them as capital projects. With this, they must decide if the profit investment ratio (PIR) or value investment ratio (VIR), which is a capital budgeting measure that gauges the potential profitability Read more…
