Section 4
Financial and Project Management Tools of Control
By Boundless
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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.
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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.
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Project management audits are used to determine and control the quality, completion, and timing of a project.
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A key component of project management is controlling inventory trajectories and quantities to reduce costs and maximize returns.
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Break-even analysis can determine the minimum amount a company needs to sell in order to cover its costs with no gains or losses.
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Ratio analysis is a useful tool for benchmarking the financial and operational efficiency of a project compared with other projects.