Basics Budgeting

Bielefeld, Bert; Schneider, Roland

doi:10.1515/9783035612929

Cited by 1 publication

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“…In a project environment, it is a monitoring tool to evaluate if a project is completed within its given financial boundaries. A budget is made for most of the projects when the decision to initiate them is taken (Bielefeld & Schneider 2014). This document is used during the full lifecycle of the project as the estimates are compared to the actual costs cumulated for the forecasted activities (Heldman 2011).…”

Section: Project Budgeting and Estimating Of Costsmentioning

confidence: 99%

Controller as a Strategic Partner for Managers: How the Controller Can Support Project Based Business to Grow Profitably – an Action Research Case Study

2020

JAF

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Often, it is thought that increasing demand, wise strategic choices, talented sales, and technically efficient R&D and production will ensure a company's financial success. Sales growth does not in itself however mean the financial success of a company, which is also highly dependent on the cost structure of each product. This is especially true in project-based businesses. This study illustrates how controllers can implement cost awareness projects through action research and become strategic business partners for business management. The results of the study are particularly useful for growth-oriented owner-driven small and medium-sized companies, because in big companies the growth is typically slower, and the implications of growth are already known. On the other hand, uncontrolled growth based on low cost awareness is particularly dangerous for owner-driven small and medium-sized companies with limited equity.

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Section: Project Budgeting and Estimating Of Costsmentioning

confidence: 99%

Controller as a Strategic Partner for Managers: How the Controller Can Support Project Based Business to Grow Profitably – an Action Research Case Study

2020

JAF

View full text Add to dashboard Cite

show abstract

Basics Budgeting

Cited by 1 publication

References 0 publications

Controller as a Strategic Partner for Managers: How the Controller Can Support Project Based Business to Grow Profitably – an Action Research Case Study

Controller as a Strategic Partner for Managers: How the Controller Can Support Project Based Business to Grow Profitably – an Action Research Case Study

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