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.
1. Steps in Project Control Process
Management Control System
Presented by:
Uday Doyal
MBA II
DMS,PU
2. Project
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•
•
•
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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