Project Monitoring and Control - 1514 Words

Malte Foegen Project Management 08 – Project Monitoring and Control IT M a t u r i t y Services 1 Project Monitoring and Control Overview For student use only -2-  © 2007 wibas IT Maturity Services GmbH 1 Provide understanding of the project’s progress so that appropriate corrective actions can be taken when the project’s performance deviates significantly from the plan. Monitor Project against the Plan (SG 1) Manage Corrective Actions to Closure (SG 2) Project Planning Project-Plans For student use only -3-  © 2007 wibas IT Maturity Services GmbH Actual performance and progress of the project are monitored against the project plan. Monitor Project against the Plan (SG 1) Monitor†¦show more content†¦Who makes it? RUP: Project Manager – The Project Manager plans, manages and allocates resources, shapes priorities, coordinates interactions with customers and users, and keeps the project team focused Team Members – Must support the project manager in estimations, risk analysis, stakeholder identification, and the team must commit to the plan When will we do it? permanent For student use only - 10 -  © 2007 wibas IT Maturity Services GmbH 5 Project Monitoring and Control is done throughout the life cycle. Measurements can help understand the progress. Measurement and Analysis Project Monitoring and Control Project Planning For student use only - 11 -  © 2007 wibas IT Maturity Services GmbH Project Monitoring and Control is a key element of the PlanDo-Check-Act control circuit Plan PP Act PMC SG 2 Do REQM, RD, TS, PI Check PMC SG 1 For student use only - 12 - MA  © 2007 wibas IT Maturity Services GmbH 6 2 Tracking of Cost and Schedule Performance For student use only - 13 -  © 2007 wibas IT Maturity Services GmbH How isShow MoreRelatedMonitoring And Control Of A Project Calls1297 Words   |  6 Pages Monitoring and Control Name: Institutional Affiliation Monitoring and control Introduction Monitoring refers to the processes of checking and monitoring the project’s process to ensure that it complies with timelines, the project scope, schedules, and deliverables. The process of project control involves measuring the progress through contrasting and comparing the actual progress and taking corrective actions as needed (Nayab, 2011). The phase of project execution forms theRead MoreMonitoring And Control Project Finances1554 Words   |  7 Pagesorganization’s ability to optimally monitor and control project finances, make recommendations and describe how the recommendations will improve monitoring and control of project finances. The identification of areas that require new approaches have been discovered by examining historical project documents, gathering information from project finance specialist and interviews with project managers. The three main areas that will allow for better control of project finances are â€Å"measuring, evaluating, andRead M oreEssay about Project Execution, Monitoring, and Control1301 Words   |  6 PagesProject Execution, Monitoring, and Control The project life cycle uses four phases to describe how a project starts, peaks, and declines as the project is delivered to the customer. The process of putting the plan into action is the execution phase and consists of creating the project team, monitoring the project, and controlling changes. Monitoring is the process of assessing project performance. Project control is the process of controlling the deviations from the plan (Gray Larson, 2008)Read MoreStrategic And Financial Management Style Of Comcast Communications837 Words   |  4 PagesExecutive Summary This report examines the strategic and financial management style of Comcast Communications and proposes methods for financial monitoring and control. Material reviewed includes corporate reports, newspaper articles, and peer reviewed journals that offer insight into the strategy and expansion plans of Comcast. 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The first affects negatively and the second affects positively. These risks can be individual risks or overall project risk. The project risk management includes six process: 1- Risk Management Planning: Deciding how to plan and execute the activities. 2- Risk Identification: Determining