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Making Effective Business Decisions Using Microsoft Project by Mark Dochtermann, Tim Runcie, Advisicon

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CHAPTER 3

MEETING CFO NEEDS WITH PROJECT/SERVER 2010

IN THIS CHAPTER

This chapter helps any individual who is involved with work management understand the importance and capabilities of Project Server in tying financial and economic metrics to the needs of the chief financial officer (CFO) and other financial stakeholders.

We explore the capabilities of Project Server, its newer features, and its ability to connect to other systems. We look at how this results not only in higher success for projects but also in better visibility and forecasting for the projects/programs to their original planned return on investment (ROI).

What You Will Learn

  • How to address CFO and organizational financial reporting needs with Project Server
  • How a project management office (PMO) can assist in delivering project cost accounting and forecasts
  • How to ensure good financial buy-in for decreased risk to a project
  • The benefits of tying project reporting to measured ROI and outcomes
  • How work management can be critical to organizational success
  • How to enable strategic planning to bottom-up reporting and actuals

HOW THE CFO GETS THE ATTENTION OF THE PMO

Attention, CFOs: Imagine being able to increase the health of your portfolio by leveraging portfolio management. There are many factors to consider and put into play, but having the proper type of technology is critical. Running a company with fiscal prudency requires adhesion to compliances, processes, and discipline to protecting the profitability.

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