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.