08-11-2012, 05:59 PM
Project Monitoring and Control
1Project Monitoring.pptx (Size: 276.7 KB / Downloads: 36)
Monitoring – collecting, recording, and reporting information concerning project performance that project manger and others wish to know
Controlling – uses data from monitor activity to bring actual performance to planned performance
Why do we monitor?
Simply because we know that things don’t always go according to plan (no matter how much we prepare)
To detect and react appropriately to deviations and changes to plans
How do we monitor
Through meetings with clients, parties involved in project (Contractor, supplier,etc.)
For schedule – Update CPA, PERT Charts, Update Gantt Charts
Using Earned Value Analysis
Calculate Critical Ratios
Milestones
Reports
Tests and inspections
Delivery or staggered delivery
PMIS (Project Management Info Sys) Updating
Project Control
Control – process and activities needed to correct deviations from plan
Control the triple constraints
time (schedule)
cost (budget, expenses, etc)
performance (specifications, testing results, etc.)
Earned Value Analysis
A way of measuring overall performance (not individual task) is using an aggregate performance measure - Earned Value
Earned value of work performed (value completed) for those tasks in progress found by multiplying the estimated percent physical completion of work for each task by the planned cost for those tasks. The result is amount that should be spent on the task so far. This can be compared with actual amount spent.