ABSTRACT
The essential precondition is a critical path network plan from which the priorities of the various tasks can be quantified in terms of their float, with critical jobs claiming priority for the allocation of the most scarce resources. Some companies, particularly those concerned with some heavy engineering projects, have complex assembly space needs, where the height and shape of the end products must be taken into consideration. Cash outflows can be predicted by considering all the project tasks, including purchases, and placing their estimated costs in the appropriate periods. Cash flow scheduling can really only be performed with any expectation of accuracy when a considerable amount of project activity has been predicted with some certainty. Cash flow scheduling is a good example of a project control where the project manager provides essential information to the company’s finance department.
