accounting

Challenges Reporting Project Costs and Risks to Owner Decisionmakers

Title: "Challenges Reporting Project Costs and Risks to Owner Decisionmakers"

Author: "Alexia Nalewaik and Jeffrey Witt"

Project Controls vs Project Accounting - What's the Difference?

In my career, I've worked across multiple industries and companies and one thing that stands out is the confusion surrounding the function of Project Controls and what it is meant to achieve.  There are Project Accountants, administrators or finance personnel who “do a bit of Project Controls” however, they are actually just producing monthly project financial reports, invoices and cash flows which are only some of the functions that Project Controls is meant to accomplish.

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