Enhancing Project Management as an Instrument for Costing and Controlling in Small- and Medium-Sized Enterprises

Enhancing Project Management as an Instrument for Costing and Controlling in Small- and Medium-Sized Enterprises

Bardo Fraunholz (University of Koblenz, Germany)
DOI: 10.4018/978-1-93177-748-3.ch009
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Abstract

This chapter presents an introduction to a Project Management Costing and Controlling System to enhance traditional project management in order to integrate all business processes of a project-driven organisation. In order to achieve this, we analyzed relevant business processes in project-driven SMEs of a particular industry and utilized this knowledge to develop an architecture for the proposed system. We describe how reuse and a multiple levels of abstraction can help to organize projects and add precision to traditional project management, thus adding extra value. With this system, the author hopes to make project management more attractive for SMEs by creating a fully integrated system to steer a project-driven business. This will assist firms to become more competitive with the added benefit of gaining easy access to vital knowledge about their process and cost structure.

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