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Information Systems for Accountants - Essay Example

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Managing a project includes two essential steps, project planning, and project tracking. A project consists of several tasks, each of a certain duration that is to be carried out in an interrelated…
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Information Systems for Accountants
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Download file to see previous pages As the project progresses, some of these tasks may change due to unforeseen or miscalculated circumstances, therefore the original task duration, and its sequence must be modified. These methods diverge in intricacy from simple to-do lists to GANTT charts, to a more complicated network scheduling techniques such as CPM or Critical Path Method, PERT or Program Evaluation and Review Technique, and Precedence Diagramming.
CPM and PERT charts consumes a lot of time to create manually thus outshine the real work to be done by the method used to represent the work. Precedence Diagramming is like CPM and PERT but it let different logic relationships to be signified in graphic form and it allows relationships to be represented in various ways making it more illustrative of the real life construction process. All of the above techniques when done manually are unfortunately very difficult.
Project tracking or monitoring involves registering these various changes throughout the project, and making suitable changes to the projected schedule. Making constant schedule revision throughout the life of the project is an arduous task for the planner and the result may not be accurate and probably will not meet the deadline. Nevertheless, there are tools available to help plan and track projects more efficiently like Microsoft Project.
Microsoft Project is a computer program designed to automatically plan, schedule, and track the progress of the project. An easy, powerful, and flexible project management tool that puts you in command of your projects, helps you keep everyone up to date and involved, and is well suited with the working style of today. Manage simple or multifaceted projects by scheduling and tracking all your activities so you can stay on top of their development. Sets up your plan swiftly, initialize your plan by creating and arrange your task list so you can simply validate details and overall ...Download file to see next pagesRead More
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