ABSTRACT
The enterprise accounting system will most likely be the official system of record for capturing actual resource costs. Moving accounting data into the project control account package (CAP) structure requires a link between the formal system’s Chart of Accounts and the project’s CAPs. This chapter describes some specific control issues related to reserve and non-direct work elements. If, it is necessary for each project to create its own flowerbed, the project cost and time will be greatly increased. One way is for management external to the project to hold the reserve funds and require explanations for all associated variances. As the event is funded, visible work is recognized, and the reserve pool decreases by the allocation. Management reserves are intended to address the unknown-unknowns that can affect a project. While raw data components are stored in the project repository, a formatted collection of this data is prepared as the final project plan that will be viewable by defined external sources.
