Project Management

A project is a specific task, with well-defined objectives, which requires certain time and resources for its implementation, which can be reasonably planned and appraised in advance and also can be evaluated as an independent work unit.

Internal accruals form part of the means of finance in respect of expansion projects. An existing company that goes for an expansion (or diversification or modernization) project may opt to finance a portion of the capital investment out of internal cash accruals.