Abstract
M.Com. (Business Management)
In the literature on industrial projects, very little attention
is given to the administrative and project accounting aspects of
project management. The emphasis falls on technical aspects and
project management as a whole, and not specifically on the
administrative duties as they are normally executed by a project
accountant or project administrator.
The purpose of this study is to investigate the administrative
duties and the organisation and planning of- procedures as
applicable to an industrial project, with particular reference to
the professional project managing company in South Africa. In so
doing, the more important aspects of project administration will
be highlighted, so that the study could serve as a guide to
interested parties.
The motivation for the study is the importance of cost control,
accurate records and accurate forecasting. These aspects are of
prime importance if management is to maintain adequate and proper
control over the project. The study is aimed at placing these
tasks of the project accountant into perspective, in relation to
project management as a whole. The study takes the form of a
study of the available literature on the subject of project
administration. Only the more important and relevant aspects of
project administration will be discussed, as the scope of the
study does not allow for all aspects to be discussed in detail
and at great length...