The issue of whether internal resources should be costed in projects has been around since projects began. If a person is seconded from their normal role, either part time or full time to a project, should their costs be borne by the project or should they be treated as a free resource.
It might be tedious to manage the finances of a project but there is room for a bit of creative thinking. This white paper puts forward a few ideas to stir up some creative juices as to how you might manage the money.
Setting up a project budget can be a daunting task. Project Financial Software may assist but setting up a project chart of accounts is critical. Learn about project financial systems and see a sample set of project accounts.