Financial and Project Management Tools of Control
Gantt charts display the duration of steps in a project and are used to manage the time and sequence of each step.
CPM and PERT are ways of organizing the time of a project in a chart to determine the sequence and maximum and minimum timing of activities.
Financial and Budgetary Controls
Financial and budget controls help ensure project success by controlling (and giving visibility to) money coming in and being spent.
Project management audits are used to determine the quality, completion, and timing of a project and may be performed systematically or randomly.
A key component of project management is controlling wasted inventory and the potential for lost or missing inventory.
Break-even analysis can determine the minimum amount a company needs to sell in order to cover fixed costs.
Ratio analysis is useful for project management to benchmark how a project stands financially and in efficiency compared to other projects.