The controller's role in controlling construction costs

Article Abstract:

The control and management of construction project costs by a company controller can be accomplished by following specific accounting techniques. A controller should manage costs in the following areas: accounting controls, analysis of payment requests, credit alternatives, change orders, payroll benefits, equipment purchased and rented, and lump-sum versus cost plus contracts. The ability to analyze costs of a complex, large dollar value project by a controller can help companies cut costs. The money required to manage a project and provide additional financial analysis is small in comparison to the dollar value of the savings that may result. Monitoring the finances of a construction project also has an immediate, quantifiable effect.

Construction industry, Finance, Accounting and auditing, Construction equipment

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Improving productivity in the controller's organization

Article Abstract:

BF Goodrich Tire Group is among the companies that have begun to use work teams to create employee involvement in solving departmental problems. This form of participative management has as an objective the fostering of a sense of 'ownership' and care for the company among employees. One of the departments selected for this type of management experimentation was the Billing Department, which received full support from management to implement changes suggested by the work team. The main obstacles encountered were slowness in implementation and delays in realizing results. A review of the program reveals that despite obstacles, productivity did increase since the work teams were introduced.

Management, Usage, Case studies, Services, Accounting, Statistics, Work groups, Teamwork (Workplace), Problem solving, Participatory management, Industrial productivity, Managerial accounting, Invoices, Goodrich Corp., Accounts receivable

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The many roles of the plant controller

Article Abstract:

An effective plant controller should thoroughly understand the business the company is in - including the company's structure, production and marketing processes, as well as the competition and market forces within the industry. The diverse roles of the division controller - business advisor, financial advisor, income manager, arbitrator, controller, budgeter, MIS manager, educator, and human relations manager - are discussed.

Vocational guidance, Facility management, Facilities management, Controllership

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