search query: @author Park, C. S. / total: 10
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| Author: | Prueitt, G. C. Park, C. S. |
| Title: | Monitoring project performance with post-audit information: Cash flow control charts |
| Journal: | Engineering Economist
1991 : SUMMER, VOL. 36:4, p. 307-335 |
| Index terms: | PROJECT MANAGEMENT INFORMATION PROJECT APPRAISAL CASH FLOW CONTROL CHARTS |
| Language: | eng |
| Abstract: | The capital budgeting process embraces a rather broad and diverse class of activities in allocating capital resources to competing investment projects. An important aspect of the process is the post-audit which involves comparing actual results with those predicted by the decision maker, and explaining why any differences occured. A post-audit method is presented for the class of investment problems where each element of the cash flow forecast is uncertain. This method illustrates graphically the uncertainty resolution that occurs, for example in many fleet replacement problems or in advanced manufacturing systems with multiple cells. The project is monitored through a cash flow control chart. |
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