Page 151 - DMGT302_FUNDAMENTALS_OF_PROJECT_MANAGEMENT

Fundamentals of Project Management

Notes KISS: KISS stands for “Keep it simple, stupid!”

PMBOK: The PMBOK Guide defines the use of 21 processes that relate to planning out of the 39
processes for project management
Project Control: The term control has several meanings. Those new to project management are
initially dismayed by the use of the term “control,” because they mistakenly equate it with the
concept of authority.
Project controlling: It should be established as an independent function in project management.
It implements verification and controlling function during the processing of a project in order to
reinforce the defined performance and formal goals.

8.13 Review Questions

1. Discuss plan-monitor control cycle.
2. Explain about designing the monitoring system.

3. What do you mean by the collection and monitoring?
4. What do you know about project control?
5. Explain the management of data collection and reporting.
6. Describe the standard for creating an infrastructure to manage data collection activities.

7. Discuss the standard for justifying data collection activities.
8. What do you know about reporting and dissemination of data?
9. Discuss about the importance of project controls?
10. What is the objective of project control?

11. Explain the characteristics of a project control system.
12. Describe, in brief, the project review meetings.

Answers: Self Assessment

1. Project Monitoring 2. Project Control
3. Monitoring 4. Sub-task
5. Plan 6. False
7. False 8. False
9. True 10. True
11. Two 12. Project
13. Timely 14. Four
15. Objectives

8.14 Further Readings

Books Clements/Gido, Effective Project Management, Thomson
Clifford F. Gray and Erik W. Larson, Project Management, Tata McGraw Hill

146 LOVELY PROFESSIONAL UNIVERSITY