Steps in project control process
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The document outlines the three main steps in the project control process: 1. Project planning which involves defining the scope, schedule, costs, and preparing a control budget. Network analysis techniques like CPM and PERT are used. 2. Project execution where the actual project work is carried out and progress is monitored through reports on costs, time, and accomplishments compared to estimates. 3. Project evaluation to assess performance, cost overruns, decisions made, and whether objectives were achieved through auditing and hindsight analysis.
Steps in project control process
- 1. Steps in Project Control Process Management Control System Presented by: Uday Doyal MBA II DMS,PU
- 2. Project • • • • • Sequence of tasks planned from beginning to end Bounded by time, resources, & required results Defined outcome and "deliverables“ Deadline Budget ,limits number of people, supplies, and capital
- 3. Steps in Project Control Process 1 •Project Planning 2 •Project Execution 3 •Project Evaluation
- 4. Project Planning Nature of the Project Plan • Scope • Schedule • Cost Network Analysis • CPM • PERT Estimating Cost • Known unknowns Cost • Unknown unknowns Cost Preparing the Control budget • An important link between planning and control of performance
- 5. Project Execution • Actual execution of project takes place • In the stage, data on actual cost, actual time and actual accomplishment are compared with estimates. • Managers seeks three types of reports: Trouble Report • Project Auditing Progress Report Financial Report
- 6. Project evaluation Evaluation of Performance • Evaluation of Management and process of project Cost Overruns • When actual cost exceeds budgeted cost. Hindsight • To discover instances where “right” decision was not made. Evaluation of Results • Whether the project achieved its objective. It might take many years to completely evaluate a project. Unless action can be taken based on analysis there is no point in evaluating a project
- 7. Thank You