The document discusses project monitoring and control, focusing on collecting and reporting project performance data to align actual performance with planned performance. It outlines various monitoring aspects, including resources, time, and quality, as well as control processes for managing deviations from the plan. Key techniques mentioned include earned value analysis and different types of variances related to cost and schedule.

1. ChandraShekhar
Patel
CSE 5th SEM
2018/19
PROJECT
monitoring and
control

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Project Monitoring and Control
Monitoring Controlling
uses data from monitor activity
to bring actual performance to
planned performance
collecting, recording, and reporting
information concerning project
performance that project manger
and others wish to know

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What do we monitor?
Men (human resources)
Machines
Materials
Money
Space
Time
Tasks
Quality/Technical Performance

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What do we monitor?
Quality/Technical Performance
Time
Money
Resources
Material Usage
Tasks
Progress
Costs
Job starts
Job completion
Engineering / Design changes
Variation order (VO)
INPUT OUTPUT

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Work Needed
End of the project
Continuously
Regularly
Logically
As soon as possible
At task completion
pre-planned decision points

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Project Control
Control
process and activities needed to correct deviations from plan
Control the triple constraints
time (schedule)
cost (budget, expenses, etc)
performance (specifications, testing results, etc.)

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Techniques for monitoring and control
Earned Value Analysis
Critical Ratio

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Techniques for monitoring and control
Critical Ratio

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• Cost (spending) variance (CV)
• – difference between budgeted cost of work performed (earned value)
(BCWP) and actual cost of that work (ACWP)
• Schedule variance (SV)
• – difference between earned value (BCWP) and cost of work we
scheduled to perform to date (BCWS)
• Time variance (TV)
• –difference between time scheduled for work performed (STWP) and
actual time to perform it (ATWP)
Earned Value Analysis - Variances

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6 Possibilities Earned Value Analysis

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•Need proper project monitoring and control
mechanisms
•Tools available to help in monitoring and
controlling activities
•There are human control and management
aspects not covered here
Summary

12. Thank

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