INFS3059_Lect10_S2_2010 - INFS3059 Project Management and...

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1 Lecturer: Dr Walter Fernández [email protected] PAP Moran Room 2049 INFS3059 Project Management and Information Systems 10 http://wattlecourses.anu.edu.au/course/view.php?id=6790 Agenda c BioSolar Program: progress report c Monitoring, controlling and reporting c Administration: Mid-Semester Exam c The presentation assignment 2 3 BioSolar Program: progress report Final progress report c Groups report Last Issues 4 5 Questions? 6 Monitoring and Reporting
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2 7 Overview The Planning- Monitoring- Controlling Cycle Information Needs and Reporting Process 8 Planning-Monitoring-Controlling Cycle c PMC has been stressed as a sound approach for projects c The things to be planned, monitored and controlled: Schedule Cost Performance/Quality Planning Monitoring Control ing 9 Why PMC is important? Have you seen examples of poor PMC? Monitoring c Monitoring is the collecting, recording, and reporting information concerning any and all aspects of project performance 10 Planning Monitoring Control ing Monitoring and Information c Evaluation and control of projects are the opposite sides of project selection and planning c Logic of selection dictates the components to be evaluated c The details of the planning expose the elements to be controlled 11 Monitoring Drivers c The nature of the monitoring system should be consistent with the logic of the planning, budgeting, and scheduling systems c The primary objective is to ensure achievement of the project plan through control c The scheduling and resource usage columns of the project action plan will serve as the key to the design of project reports 12 Chapter 10-17
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3 The Planning - Monitoring - Controlling Cycle c The key things to be planned, monitored, and controlled are time (schedule), cost (budget), and specifications c The planning methods require a significantly greater investment of time and energy early in the life cycle of the project c These methods significantly reduce the extent and cost of poor performance and time/cost overruns 13 The Planning - Monitoring - Controlling Cycle (cont.) c The control process should be perceived as a closed loop system In a closed loop system, revised plans and schedules should follow corrective actions c The planning-monitoring- controlling cycle is continuously in process until the project is complete 14 Planning Monitoring Control ing Designing the Monitoring System c The first step in setting up any monitoring system is to identify the key factors to be controlled c The project manager must define precisely which specific characteristics of performance, cost, and time should be controlled c Exact boundaries must then be established, within which control should be maintained 15 Designing the Monitoring System (ii) c The best source of items to be monitored is
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This note was uploaded on 10/12/2010 for the course CSIT INFS3059 taught by Professor Walterfernández during the Three '10 term at Australian National University.

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INFS3059_Lect10_S2_2010 - INFS3059 Project Management and...

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