Bhole_M11 - Project Management: A Managerial Approach...

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Project Management: A Managerial Approach Chapter 11 – Project Control
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Overview Project Control Elements Project Control Processes Post Control Report Controlling Change
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Purposes of Control There are two fundamental objectives of control: 1. The regulation of results through the alteration of activities 2. The stewardship of organizational assets The project manager needs to be equally attentive to both regulation and conservation The project manager must guard the physical assets of the organization, its human resources, and its financial resources Chapter 11-5
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Project Control Control is the last element in the implementation cycle of planning-monitoring- controlling Control is focused on three elements of a project Performance Cost Time Chapter 11-1 Performance Cost Time
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Controlling Performance There are several things that can cause a project’s performance to require control : Unexpected technical problems arise Insufficient resources are available when needed Insurmountable technical difficulties are present Quality or reliability problems occur Client requires changes in specifications Interfunctional complications arise Technological breakthroughs affect the project Chapter 11-2
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Controlling Cost There are several things that can cause a project’s cost to require to be controlled: Technical difficulties require more resources The scope of the work increase Initial bids were too low Reporting was poor or untimely Budgeting was inadequate Corrective control was not exercised in time Input price changes occurred Chapter 11-3
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Controlling Time There are several things that can cause a project’s schedule to require control: Technical difficulties took longer than planned to resolve Initial time estimates were optimistic Task sequencing was incorrect Required inputs of material, personnel, or equipment were unavailable when needed Necessary preceding tasks were incomplete Customer generated change orders required rework Governmental regulations were altered Chapter 11-4
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Physical Asset Control Requires control of the use of physical assets Concerned with asset maintenance, whether preventive or corrective Also the timing of maintenance or replacement as well as the quality of maintenance Setting up maintenance schedules in such a way as to keep the equipment in operating condition while minimizing interference to ongoing work Physical inventory whether equipment or material must also be controlled Chapter 11-6
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Human Resource Control Stewardship of human resources requires controlling and maintaining the growth and development of people Projects provide fertile ground for cultivating people Because projects are unique, it is possible for people working on projects to gain a wide range of experience in a reasonably short period of time Chapter 11-7
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Financial Resource Control
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This note was uploaded on 01/18/2012 for the course IND/MECH mec 713 taught by Professor Bhole during the Fall '11 term at Ryerson.

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Bhole_M11 - Project Management: A Managerial Approach...

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