Internal Control Analysis of Project-Budget Realization In Order To Increase Budgetary Control At PT ABC

摘要

The purpose of this study is to conduct an internal control analysis of project budget realization based on the Committee of Sponsoring Organizations of the Treadway Commission's (COSO's) Internal Control - Integrated Framework. This study is a qualitative case study at a construction company located in Jakarta, Indonesia. The operational activities of the company are carried out by the operational management of the project starting from the tender process, which is getting information about the project tender and determining the tender offer price, following the tender process, throughout project implementation, material ordering, and project subcontracting until the project is completed. This study concluded that internal control of the realization of project budget is very important in monitoring the project implementation. A project-budget-realization report is needed as it can be used to control the progress of the project, in term of timeliness, cost efficiency, and quality.