Mind-Boggled to Organized in One Easy Step: Project Management Software Acquisition to the Rescue

Author
Dena Breece
Topic
Accounting & Finance
Entrepreneurship
Strategy & General Management
Information Systems
Length
9 pages
Keywords
accounting information systems
project management applications
software-acquisition
Internal Controls
technology management
Business Strategy
entrepreneurship
Student Price
$4.00
Target Audience
Graduate Students
Undergraduate Students

Many inexperienced people have wrongly assumed that anybody can build a commercial building and that the knowledge, skills, and abilities are easily acquired. It takes years of effort to become skilled at construction and even more education and training to manage an entire project from start to finish. In recent years, project management software has been developed to help construction firms coordinate all the elements of a project, including accounting and internal controls. This case looks at the decision-making process at one construction company — a decision helped it grow from a startup to a multi-million-dollar company by improving efficiency and performance. 

Learning Outcomes

After this case, students will be able to:

1. Critique internal control using the Committee of Sponsoring Organizations of the Treadway Commission (COSO) 2013 framework.

2. Evaluate organizational decision-making based on the Prosci ADKAR change management model.

3. Determine the potential impact of decision-making on stakeholders.

4. Use criteria to recommend a project management software vendor.

5. Justify a vendor recommendation.