CHAPTER 5
Progress Monitoring
Monitoring project performance is essential to keep the project manager informed of the status of the deliverable. Data collected during the progress monitoring process are crucial in managing the issues and circumstances brought on by the project’s inevitable changes. The focus and emphasis of project progress monitoring is fundamentally different from traditional cost accounting. Cost accounting deals with issues involved in reporting the expenses to the correct components of the established budget for the cost centers and codes of account. While cost accounting is focused on collecting accurate actual cost information ...
