1. Setting performance standards
2. Observing performance
3. Comparing actual and planned performance
4. Taking action to correct deviations from the plan
The 2 have nothing in common. Project Scheduling is done in the Project Planning phase, Project Controlling and Monitoring is project life cycle phase.
Monitoring means supervising and gathering data about what is happening in the project. For example, you may gather details about the money that is spent on the project and then compare it with the plan you had made during the planning stage. Once you gather the information you will know whether the project is having a cost overrun or we are within budget. Controlling means taking necessary steps to make sure the project is on track. Lets say the project is having a cost overrun, you need to take steps to cut costs and bring the cost back into plans.
The Monitoring and Controlling processes take place throughout the project lifecycle The Monitoring and Controlling process group shows the most activity in the middle of the project lifecycle, when the Executing process group activities are approaching their peak
According to the PMBOK, there are two processes in the Project Integration Management Knowledge Area that fall in the Monitoring & Controlling phase.They are:Monitor & Control Project WorkPerform Integrated Change Control
The five phases of project management are: a. Initiating a project b. Planning the project c. Executing the Project d. Monitoring & Controlling the project e. Closing the project
The 2 have nothing in common. Project Scheduling is done in the Project Planning phase, Project Controlling and Monitoring is project life cycle phase.
Monitoring means supervising and gathering data about what is happening in the project. For example, you may gather details about the money that is spent on the project and then compare it with the plan you had made during the planning stage. Once you gather the information you will know whether the project is having a cost overrun or we are within budget. Controlling means taking necessary steps to make sure the project is on track. Lets say the project is having a cost overrun, you need to take steps to cut costs and bring the cost back into plans.
The Monitoring and Controlling processes take place throughout the project lifecycle The Monitoring and Controlling process group shows the most activity in the middle of the project lifecycle, when the Executing process group activities are approaching their peak
According to the PMBOK, there are two processes in the Project Integration Management Knowledge Area that fall in the Monitoring & Controlling phase.They are:Monitor & Control Project WorkPerform Integrated Change Control
The five phases of project management are: a. Initiating a project b. Planning the project c. Executing the Project d. Monitoring & Controlling the project e. Closing the project
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
The five components of a charter are project initiation stage, project planning and design stage, project execution and construction stage, project monitoring and controlling systems, and project completion.
to trigger monitoring and controlling process To trigger the invoicing of clients To initiate the closing of a project or phase
Controlling cost means monitoring and controlling updates and changes to costs, budget, and the cost baseline of the project. Monitoring and controlling costs has two dimensions to it: expenditure of project funds and the work performed as a result of those expenditures. One major aspect of cost monitoring and controlling is to determine the relationship between the expenditures and the accomplishments. The cost performance depends on this relationship. The other main aspect is to control the changes to the approved cost performance baseline
Following are 3 characteristics of Project Management: * Assigning responsibilities related to each project * Applying defined practices for planning, scheduling, monitoring, and controlling the projects. * Building and directing project teams
Project implementation involves several key steps: first, project planning, where objectives, scope, and resources are defined. Next is project execution, which includes mobilizing resources, coordinating tasks, and managing team members to carry out the plan. Monitoring and controlling follow, where progress is tracked against the plan and adjustments are made as necessary. Finally, project closure involves evaluating outcomes, documenting lessons learned, and ensuring deliverables are handed over to stakeholders.
Continually measuring actual project performance against planned performance lets you know when your project is in danger of not meeting its objectives