I don’t understand this Management question and need help to study.
Your company has assigned you to work on a project plan for a new internal support system. This system will be expected to track financial aspects of your company’s existing and proposed projects.
In a 3–5-page proposal to the corporate management, complete the following:
- Explain how balance sheets, income statements, and cash flow statements would be used as inputs to diagnose the performance of a project and determine shareholder value.
- Note that your proposal would form the basis for developing an automated tracking support system.
- The balanced scorecard is a conceptual framework that incorporates operational and financial measurements of an organization. Explain how the balanced score card concept could be used in analyzing project cost performance.
- Deepen your discussion by illustrating with examples.