Page 150 - DMGT302_FUNDAMENTALS_OF_PROJECT_MANAGEMENT

Unit 8: Monitoring and Controlling

Notes
between management and leadership alone can shift the bottom line either way by tens of
thousands.

Making it Happen
1. Project management can be a huge specialism, so understand your project and your
contribution to it.

2. Distinguish between the various theories of project management and discover which
best fits your situation.
3. Do not lose sight of the importance of process control.

4. Review your project path and be prepared to change it if not doing so could jeopardize
successful implementation.
5. Motivate and involve team members they are your facilitators

Question
Analyse the case and discuss the case facts.

Source: http://www.qfinance.com

8.11 Summary

Project monitoring and control are, in some ways, simply the opposite sides of project
selection and planning.

Monitoring is the collection, recording, and reporting of project information that is of
importance to the project manager and other relevant stakeholders.
Managing a project involves continually planning what to do, checking on progress,
comparing progress to plan.
The traditional view of Project Controls as defined by PMBOK has been cost & schedule
during the project execution phase.
The first standard in this phase describes the creation of an organizational culture that is
conducive to a quality management philosophy.

Data requestors should demonstrate that the data to be produced will be of sufficient
value, applicability, and usefulness to justify the cost and burden.

Most data collection and analysis efforts culminate in one or more reports on the findings.
Project controlling should be established as an independent function in project management.
The successful performance of a project depends on appropriate planning.
Fledgling project managers (and some experienced ones!) often make the same mistake
when trying to keep control of their projects.
The response to control data must be timely.
KISS stands for “Keep it simple, stupid!”

8.12 Keywords

Data Collection: Data are not free. Organizational resources must be devoted to the designing,
collecting, processing, analyzing, and reporting phases of a data collection activity.

LOVELY PROFESSIONAL UNIVERSITY 145