Perceptions of Accounting Integration in Project Management

Abstract

This study explores the evolving landscape of business management, specifically focusing on the integration of accounting principles into project management practices. Despite being traditionally distinct disciplines, the need for their integration has become increasingly evident in the modern business environment. This research aims to understand the perceptions of professionals in both fields regarding this integration, its importance, the effectiveness of inter-departmental communication, and the identification of challenges and successes in their collaborative processes.

A comprehensive survey was conducted with 50 professionals from both accounting and project management backgrounds. The study employed a mixed-methods approach, integrating quantitative data from closed-ended questions and qualitative insights from open-ended responses. The findings reveal a strong recognition of the importance of integrating accounting in project management, with a majority of participants rating it as crucial for project success. Regular and effective communication between the two departments was highlighted as a key factor in successful integration. However, challenges such as differences in terminologies, methodologies, and objectives were also identified, alongside varying levels of integration across organizations.

The results underscore the need for strategic implementation of integration practices, including policy reforms and enhanced training programs. The study contributes to the literature by providing empirical insights into the current state of accounting and project management integration and suggests practical steps for organizations to enhance this collaboration. Future research directions are proposed, focusing on larger and more diverse samples, the impact of technological advancements, and cross-industry comparisons.