Control of Project Cash Flows
The development of information for the control of project costs with respect to the various functional activities appearing in the project budget. Project managers also are involved with assessment of the overall status of the project, including the status of activities, financing, payments and receipts. These various items comprise the project and financing cash flows described in earlier POME Chapters. These components include costs incurred (as described above), billings and receipts for billings to End Users (for contractors), payable amounts to suppliers and contractors, financing plan cash flows (for bonds or other financial instruments), etc. Other short-term assets, including marketable securities, accounts receivable, inventory, and prepaid expenses, are part of the Project’s cash flow. The rest of POME describes the management issues for each of these assets.