Receivables in many organizations big or small involve billions of dollars and involve a
wide range of transactions from the government to the private sector. With this in mind,
an extensive receivables management is needed in order for these receivables to become
an asset to the company. Many schools now offer courses and MBA programs on project
management and this will usually involve extensive topics on account receivables
Receivables will always be an inherent part of any business transaction because of taxes,
levies, financial assistance, loans, credit advances, and many more. Below are the
principles of an MBA project of receivable management and the main characteristics of
project management can be identified.
First off, after careful planning and goal setting, the MBA project on receivable
management will usually contain the policy objective which states what the project will
attain at the end of its cycle. A policy guidelines or statement will follow the objectives
and will list down the new policies that will be enacted once the project starts to be
Other changes in policies and procedures will be required per department which could
include best practices on risk assessments, collection practices, recording of transactions,
write-offs, remissions, and amnesty programs. As with any project management,
appropriate, timely and cost effective actions will be suggested on their projects. A
careful monitoring and controlling procedure will also be created in order to assess the
effectiveness of the MBA project on receivables management. Internal as well as
external audit and program evaluation reports and reviews should be prepared after the
project has been implemented.
Any MBA program on project management will include receivables management. And
an MBA project on receivables management is just part of this course.