Internship Project at Pwc’s Accounts Department

INTERNSHIP PROJECT
AT PWC’S ACCOUNTS
DEPARTMENT
Student Name:
Student Number:

OVERVIEW OF THE
PRESENTATION
•Introduction
•Project Management
•Project Deliverables
•Project Stakeholders
•Project Communication
•Project Timeline
•Project Resources and Capabilities
•Project Costs and Budget

OVERVIEW OF THE
PRESENTATION
•Project Risks
•Barriers Faced and strategies to overcome them
•Conclusion
•Recommendations
•Conclusion
•References

INTRODUCTION
The implementation of the project requires confirmation of deadlines and receipt of
project participants.
In this current project internship experience for project have been. The project had
been undertaken at PwC, Cyprus.
PricewaterhouseCoopers International Limited is a multinational company that offers
professional accounting services.
Based in London, the company is the second largest professional services company in
the world.
It works with online companies in 158 countries and is headquartered in 721
locations.
The company employs more than 250,930 people worldwide.
Its services include consulting, security, tax advice, data and analysis, tax disputes,
strategic advice, financial advice, actuarial and legal services.

PROJECT MANAGEMENT AT
PWC
The company offers many students with internship opportunities.
The current project deals with accounts receivables and payables at PwC, Cyprus.
These accounts refer to a client company based in Cyprus and the deadline to complete the account
is 14 days.
There is a team that handles account transactions, and each employee is assigned a role.
The manager after monitoring the progress of the project, assigned the project to a 10 team
members, 8 of whom were professionals and 2 students were interns.
The aim of the project is to reconciliation accounts receivables and payables at the organization.
To achieve this aim, the objectives of the project are:
Project Objective1: Preparation of accounts receivable and liabilities of the company
Project Objective 2: Advice on various services on information on existing companies, in particular
credits and liabilities related to credits and liabilities for unpaid accounts
Project Objective 3: Information from previous records and other departments corresponds to credits
and liabilities.

PROJECT ORGANIZATION
STRUCTURE/HIERARCHY
PwC
Director
Senior
Associa
te
Manage
r
Associa
te
Project
Leader

PROJECT DELIVERABLES
The main projects of the project are :
Develop requirements on the specific software
Check each record for errors and make sure there are significant
differences in the above records
Consult departments ask for data and information available to
users
Coordinating account differences and communicating via email and
meetings to give the team an idea of the customer
Publishing reports drawn up to advise against possible
inconsistencies;

PROJECT STAKEHOLDERS
Like any project, this project too has internal and external
stakeholders (Kerzner, 2017).
Major external participants in the project are customer companies,
government agencies, credit rating agencies, financial institutions,
banks and the general public.
The internal stakeholders of the project are business managers,
project managers, team managers, managers, employees and
trainees.

PROJECT STAKEHOLDERS
ANALYSIS
Power/ Influence
Keep them satisfied
o Client Company
o Director
o Project Leader
Manage closely
o Senior Associate
o Manager
Keep an eye (Monitor)
o Associates
o Interns
Keep them informed
o Financers
o Bank
o Credit Rating agencies
o Governmental bodies
Interests/ Impact

PROJECT COMMUNICATION
An important part of the project's communication is undertaken by the project manager of the projects
(Meredith, Mantel Jr, and Shafer, 2017).
The administrator shall certify the notification of the project in writing and orally.
The project memo is outlined and sent to the project team so that one can see the progress of the
project and determine the route accordingly.
The project manager regularly introduces meetings to understand the people involved in the task and
roles associated with team members.
Meetings are held regularly with the project team to inform the objectives and results described in the
project. Internal stakeholders and project team members communicate via email and intra-discussion.
Meetings were held with the panel to discuss the problems and strategies of the project to combat it.
Once approved by the Company's Director, the project party informs the external interested party
through a communication.
Regular contacts with the customer company guarantee the implementation of the project, as the
customer expects.

PROJECT TIMELINE
A project timeline is essential such that the project objectives and
goals can be achieved within the designated timeframe.
Since the project is completed within two weeks, the project plan
should be planned and developed accordingly.
The project plan was developed by the Manager and according to
the team members agreement.
Team members create suggestions so they can achieve their goal
accordingly.

PROJECT TIMELINE
Project Heads
Timeline
0-5 day 5-7 day 7-10 day 10-12 day 12-14 day
Project Definition &
Objectives
Ascertainment
Project team roles
assignment &
stakeholder analysis
Project budget and
cost ascertainment
Monitoring & review
of project
Project completion
and evaluation

PROJECT RESOURCES AND
CAPABILITIES
The resources and capabilities of the project must be determined in the
design and implementation in any type of project (Royce, 2015).
 Project resources include software, office equipment, and a report on
devices working on the project, such as computers, workspaces, Internet
connection, and customer company information and bills.
Capabilities include the skills and knowledge of employees who have a
degree and knowledge regarding the project.
The main competencies of the project employees are legal knowledge,
accounting knowledge and financing skills, as well as practical working
potential. T
he resources associated with the project staff allow to complete the
projects on time and quality required by the customer.

PROJECT COSTS AND
BUDGET
Project cost assumptions and budgets are crucial for project
managers.
Project cost and budget are mainly used for resources that apply
only to the project.
In addition, competency costs, including staff costs, are covered by
the company's fixed costs.
Managers responsible for the project's costs and budget will be
responsible for collecting and analyzing data, professional and
travel and transport costs.
A total budget allowance of $5500 is created to complete the
project, which must be completed within the specified time frame.

PROJECT COSTS AND
BUDGET
Project Cost Heads Budget (US$) monthly
Data Collection & Analysis 1500
Intern costs 500
Travel & Conveyance 1500
Miscellaneous 2000
Total 5500

PROJECT RISKS
It is not advisable to conduct risk analysis before the start of the project.
For analysis, the project manager, in consultation with team members,
identifies and determines the risks of the project before the project begins,
so that the project can continue and go unhindered.
Project risk analysis also identifies risks that can be transferred, managed
or avoided.
These risks to the project include financial risks, redistributor risk, risks
associated with exceeding a specified period, risks associated with
exceeding a specified period, overspending of a specified period and risks
associated with excess period.
Risk of exceeding the specified period, risk of over-reporting risk and risks
associated with political unrest.

PROJECT RISKS
Risk
Heads
Impact of
Risks (Low/
Medium/Hig
h)
Treatment of
Risk
(Mitigate/Avo
id/ Transfer)
Departme
nts
Involved
Person
Responsi
ble
Timelin
e
Budget
exceeding
risks
High Mitigate Accounts
Department
& Legal
Department
Mr. John
Thomas,
Project
Leader
5 days
Timeline
exceeding
risks
High Mitigate Accounts
Department
& Legal
Department
Mr. John
Thomas,
Project
Leader &
Robert
Stevenson,
Project
Manager
5 days
Risks
from
discrepan
cies
High Mitigate Accounts
Department
& Legal
Department
Mr. Jacob
Sollemon,
Senior
Associate
30 days
Economic
Risks
Medium Transfer All
department
s
Mr. Allison
Jamerson,
Partner at
PwC
3
months
Political
Risks
Medium Transfer All
department
s
Mr. Allison
Jamerson,
Partner at
PwC
3
months

BARRIERS FACED AND
STRATEGIES TO OVERCOME
THEM
Obstacles to the project need to be clarified and identified (Burke, 2013).
Appropriate strategies should be taken to overcome those difficulties.
Some of the obstacles mentioned in the project are unable to cope with such a
complex project, and another obstacle is the inability to access the data and the
inability to close the account requested by the client.
To overcome these obstacles, employees must have sufficient knowledge of the
project prior to the project.
The selection of groups has enabled each person to have experience and knowledge
in the field of claims and liabilities.
To eliminate the lack of access to customer accounts, interviews with customer
suppliers, customers and accountants.
Interviews with some of them revealed the remaining differences and made it
possible to overcome them.

CONCLUSION &
RECOMMENDATION
Finally, the project was implemented effectively.
All aspects of the project have been taken into account.
Appropriate measures have been taken to overcome obstacles to
the project to cover the risks and strategies identified for the
project.
Recommendations for further improvement of the project are as
follows:
 The group member with experience in its field of work needs to form part of the
project team. Staff can achieve project goals faster with appropriate quality
standards.
 Set standards to ensure that all employees receive the same level.
 Regular meetings to avoid contradictions between project managers.

REFERENCES
Burke, R., 2013. Project management: planning and control
techniques. New Jersey, USA, 26.
Kerzner, H., 2017. Project management: a systems approach to
planning, scheduling, and controlling. John Wiley & Sons.
Meredith, J.R., Mantel Jr, S.J. and Shafer, S.M., 2017. Project
management: a managerial approach. John Wiley & Sons.
Royce, W., 2015. Software project management. Pearson Education
India.

Thank you

Any Questions?