Project monitoring refers to tracking project metrics like team performance, task duration, and identifying potential problems to ensure a project is on schedule, budget, and scope. It clarifies objectives, links activities to objectives, reports progress to management, and alerts managers to issues. Project monitoring assesses results, improves planning, promotes learning, ensures accountability, and answers questions about task progress, unforeseen consequences, team performance, needed changes, and impact on results. Earned value analysis is a monitoring tool that compares planned, actual, and earned values to measure progress and performance through metrics like schedule and cost variances, and indexes. Regular reporting keeps stakeholders informed of project status.
This lecture tries to demonstrate how to plan and undertake a comprehensive audit of a project, thereby providing that assurance and to explain the role of an auditor, how it could be planned and undertaken, the degrees of assurance that can be given, and how project audits can be aligned to organizational governance.
Project risk analysis methodology and how RiskyProject software can be used for quantitative project risk analysis.
For more information how to perform schedule risk analysis using RiskyProject software please visit Intaver Institute web site: http://www.intaver.com.
About Intaver Institute.
Intaver Institute Inc. develops project risk management and project risk analysis software. Intaver's flagship product is RiskyProject: project risk management software. RiskyProject integrates with Microsoft Project, Oracle Primavera, other project management software or can run standalone. RiskyProject comes in three configurations: RiskyProject Lite, RiskyProject Professional, and RiskyProject Enterprise.
This lecture tries to demonstrate how to plan and undertake a comprehensive audit of a project, thereby providing that assurance and to explain the role of an auditor, how it could be planned and undertaken, the degrees of assurance that can be given, and how project audits can be aligned to organizational governance.
Project risk analysis methodology and how RiskyProject software can be used for quantitative project risk analysis.
For more information how to perform schedule risk analysis using RiskyProject software please visit Intaver Institute web site: http://www.intaver.com.
About Intaver Institute.
Intaver Institute Inc. develops project risk management and project risk analysis software. Intaver's flagship product is RiskyProject: project risk management software. RiskyProject integrates with Microsoft Project, Oracle Primavera, other project management software or can run standalone. RiskyProject comes in three configurations: RiskyProject Lite, RiskyProject Professional, and RiskyProject Enterprise.
Project Risk Management Plan
A project risk management plan based on the assumption of a new company -O2D- created by our team
Planned and Presented in UCI PM class
The above presentation talks about the risk involved in any project. The project risk identification, quantification, response and its control is also thoroughly explained.
Project Risk Register is one of the key elements of a project. Risk Register is a critical tool that is being used throughout the project. A Risk Register records all project risks, probability, impact, owner, initial responses and recorded date.
Overview Of Job Hazard Analysis for South Carolina Hospitality IndustryStephen Deas
Many South Carolina resorts and hotels have extensive maintenance departments. It is imperative that workers perform maintenance tasks using robust processes designed to prevent accidents and safety incidents. Job Hazards Analysis is a tool for assessing work place risks and implementing countemeasures to reduce risks.
project control using earned value analysis - Part 01 waleed hamdy
Project control using earned value analysis - Part 01
Mission of the projects control division
Why the earned value management?
Establishment of the Performance Measurement Baseline
EVM Analysis & Forecasting
Project Risk Management Plan
A project risk management plan based on the assumption of a new company -O2D- created by our team
Planned and Presented in UCI PM class
The above presentation talks about the risk involved in any project. The project risk identification, quantification, response and its control is also thoroughly explained.
Project Risk Register is one of the key elements of a project. Risk Register is a critical tool that is being used throughout the project. A Risk Register records all project risks, probability, impact, owner, initial responses and recorded date.
Overview Of Job Hazard Analysis for South Carolina Hospitality IndustryStephen Deas
Many South Carolina resorts and hotels have extensive maintenance departments. It is imperative that workers perform maintenance tasks using robust processes designed to prevent accidents and safety incidents. Job Hazards Analysis is a tool for assessing work place risks and implementing countemeasures to reduce risks.
project control using earned value analysis - Part 01 waleed hamdy
Project control using earned value analysis - Part 01
Mission of the projects control division
Why the earned value management?
Establishment of the Performance Measurement Baseline
EVM Analysis & Forecasting
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Introduction
Overview of Key Performance Indicators ( KPI )
What Is The Earned Value Management ?
Why Project Managers Use EVM ?
Earned Value Management Terms and Formulas
Planned value (PV)
Earned value (EV)
Actual cost (AC)
Variance
Schedule Variance ( SV )
Cost Variance ( CV )
Performance Index
Schedule Performance Index (SPI)
Cost Performance Index (CPI)
Example ( Case Study )
Project Forecasting
Budget at Completion (BAC)
Estimate at Completion (EAC)
Estimate to Complete (ETC).
Variance at Completion (VAC)
To Complete Performance Index (TCPI)
Project Planning and Excution chapter 4.pptadabotor7
undamental business information systems concepts including: trends, components, and roles of information systems and competitive advantage concepts and applications
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This paper presents the design and construction of hydroelectric dams from the hydrologist’s survey of the valley before construction, all aspects and involved disciplines, fluid dynamics, structural engineering, generation and mains frequency regulation to the very transmission of power through the network in the United Kingdom.
Author: Robbie Edward Sayers
Collaborators and co editors: Charlie Sims and Connor Healey.
(C) 2024 Robbie E. Sayers
Immunizing Image Classifiers Against Localized Adversary Attacksgerogepatton
This paper addresses the vulnerability of deep learning models, particularly convolutional neural networks
(CNN)s, to adversarial attacks and presents a proactive training technique designed to counter them. We
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When combined with 3D convolution and deep curriculum learning optimization (CLO), itsignificantly improves
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accuracy improvements over previous techniques. The results indicate that the combination of the volumetric
input and curriculum learning holds significant promise for mitigating adversarial attacks without necessitating
adversary training.
Cosmetic shop management system project report.pdfKamal Acharya
Buying new cosmetic products is difficult. It can even be scary for those who have sensitive skin and are prone to skin trouble. The information needed to alleviate this problem is on the back of each product, but it's thought to interpret those ingredient lists unless you have a background in chemistry.
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Data file handling has been effectively used in the program.
The automated cosmetic shop management system should deal with the automation of general workflow and administration process of the shop. The main processes of the system focus on customer's request where the system is able to search the most appropriate products and deliver it to the customers. It should help the employees to quickly identify the list of cosmetic product that have reached the minimum quantity and also keep a track of expired date for each cosmetic product. It should help the employees to find the rack number in which the product is placed.It is also Faster and more efficient way.
Student information management system project report ii.pdfKamal Acharya
Our project explains about the student management. This project mainly explains the various actions related to student details. This project shows some ease in adding, editing and deleting the student details. It also provides a less time consuming process for viewing, adding, editing and deleting the marks of the students.
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Indigenized remote control interface card suitable for MAFI system CCR equipment. Compatible for IDM8000 CCR. Backplane mounted serial and TCP/Ethernet communication module for CCR remote access. IDM 8000 CCR remote control on serial and TCP protocol.
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• Compatible with MAFI CCR system.
• Compatible with IDM8000 CCR.
• Compatible with Backplane mount serial communication.
• Compatible with commercial and Defence aviation CCR system.
• Remote control system for accessing CCR and allied system over serial or TCP.
• Indigenized local Support/presence in India.
• Easy in configuration using DIP switches.
Technical Specifications
Indigenized remote control interface card suitable for MAFI system CCR equipment. Compatible for IDM8000 CCR. Backplane mounted serial and TCP/Ethernet communication module for CCR remote access. IDM 8000 CCR remote control on serial and TCP protocol.
Key Features
Indigenized remote control interface card suitable for MAFI system CCR equipment. Compatible for IDM8000 CCR. Backplane mounted serial and TCP/Ethernet communication module for CCR remote access. IDM 8000 CCR remote control on serial and TCP protocol.
• Remote control: Parallel or serial interface
• Compatible with MAFI CCR system
• Copatiable with IDM8000 CCR
• Compatible with Backplane mount serial communication.
• Compatible with commercial and Defence aviation CCR system.
• Remote control system for accessing CCR and allied system over serial or TCP.
• Indigenized local Support/presence in India.
Application
• Remote control: Parallel or serial interface.
• Compatible with MAFI CCR system.
• Compatible with IDM8000 CCR.
• Compatible with Backplane mount serial communication.
• Compatible with commercial and Defence aviation CCR system.
• Remote control system for accessing CCR and allied system over serial or TCP.
• Indigenized local Support/presence in India.
• Easy in configuration using DIP switches.
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1. PROJECT MONITORING
SHOWAIB AHMED CHOWDHURY
Lecturer
Department of Building Engineering & Construction Management
Rajshahi University of Engineering & Technology(RUET)
2. Project Monitoring refers to the process of keeping track of
all project-related metrics including team performance and
task duration, identifying potential problems and taking
corrective actions necessary to ensure that the project is
within scope, on budget and meets the specified deadlines.
It clarifies the objectives of the project, links the activities to
the objectives, sets the target, reports the progress to the
management and keeps the management aware of the
problems which crop up during the implementation of the
project.
3. Why Project monitoring?
• To assess the project results
•To improve process planning
• To promote learning
• To understand stakeholder’s perspectives
• To ensure accountability
4. Questions have to be answered through Project
Monitoring
Are tasks being carried out as planned?
Are there any unforeseen consequences that arise as a
result of these tasks?
How is your team performing at a given period of
time?
What are the elements of the project that needs
changing?
What is the impact of these changes?
Will these actions lead you to your expected results?
6. • Earned value analysis is the project monitoring tool that is used
to measure project progress which compares the actual work
completed at any time with respect to the original budget and
schedule.
• It also compares the work achieved with the cost of achieving
that work. From these three pieces of data, performance can be
trended and metrics calculated to express the status of the project.
• This is the practice of determining how much of the contract
budget has been ‘earned’ on the basis of the actual progress
which has been made to date and comparing this to the amount of
cost incurred and to the planned value.
7.
8. Earned Value Calculation
Performing the earned value calculation at each predefined
status points is a 5 step process.
1. Gather Work Performance Information
2. Determine Schedule Status
3. Determine Cost Status
4. Forecasting
5. Reporting
9. Gathering Work Performance Information
To start, the project manager gathers four pieces of information
for each task:
Budget at Completion (BAC)
Planned Value (PV)
Earned Value (EV)
Actual Cost (AC)
These are the inputs to the earned value analysis.
10. Budget at Completion (BAC): Refers to the budget of each
task. This is determined during project planning phase.
Planned Value (PV): Also called the Budgeted Cost of Work
Scheduled (BCWS). It is the amount that the project is
supposed to be complete up to that status point.
Earned Value (EV): Also called the Budget Cost of Work
Performed (BCWP), the EV is the measure of the work
performed at a specific point in time, expressed in terms of
the approved budget authorized for that work. It is the
amount that the project is actually complete up to that status
point.
11. Actual Cost (AC): Also called the Actual Cost of Work
Performed (ACWP), the AC is the realized cost for the work
performed during a specific time period. It is the actual
cost of the work up to that status point. Generally employee
hours need to be converted into a cost, and all project costs
need to be added up, such as the following items:
Labor
Materials
Equipment
Fixed cost items, like subcontractors
12. Determine Schedule Status
It’s time to answer the question:
How far ahead or behind schedule is the project?
To do this, we will calculate two variables from the initial
four we gathered from the project data, above:
Schedule Variance (SV)
Schedule Performance Index (SPI)
13. • Schedule Variance (SV): The schedule variance, usually
abbreviated SV, tells how far ahead or behind schedule the
task is in terms of the task budget. It is expressed in terms of
the task budget, not the actual hours or days ahead or behind
schedule.
The formula is:
SV = EV – PV
If SV is negative, the task is behind schedule.
If SV is zero, the task is on schedule
If SV is positive, the task is ahead of schedule.
14. • Schedule Performance Index (SPI): The Schedule
Performance Index, normally abbreviated SPI, is similar to
the Schedule Variance (SV). It also tells how far ahead or
behind schedule the task is in terms of the task budget, but it
is a relative measure rather than an absolute one. The
formula is:
SPI = EV / PV
If SPI is less than 1, the task is behind schedule.
If SPI is one, the task is on schedule
If SPI is greater than 1, the task is ahead of schedule.
15. Determine Cost Status
In this step, we seek to answer the following question.
How far over or under budget is the project?
To do this we will calculate two more variables from the initial
four we gathered from the project data.
• Cost Variance (CV)
• Cost Performance Index (CPI)
16. • Cost Variance (CV): The Cost Variance, usually abbreviated
CV, is the amount that the task is over or under its budget. It
must be calculated for each task and summed to produce the
overall project’s cost variance.
The formula is:
CV = EV – AC
If CV is negative, the task is over budget.
If CV is zero, the task is on budget.
If CV is positive, the task is under budget.
17. Cost Performance Index (CPI): The Cost Performance
Index, usually abbreviated CPI, like the Cost Variance, is a
measure of the cost performance of the project.
The formula is:
CPI = EV / AC
If CPI is less than 1, the task is over budget.
If CPI is one, the task is on budget.
If CPI is greater than 1, the task is under budget.
18.
19. Forecasting
There are four variables which allow the project manager to
forecast the future performance of the project:
Estimate to Complete (ETC)
Estimate at Completion (EAC)
Variance at Completion (VAC)
To Complete Performance Index (TCPI)
20. • Estimate to Complete (ETC) : ETC represents the expected cost
required to complete the project. It measures only
the future budget needed to complete the project, not
the entire budget.
There are two ways to calculate ETC:
Based on past project performance:
ETC = (BAC – EV) / CPI
Based on a new estimate:
This is called a Management
ETC. This means that a new estimate of the remaining tasks in
the project is performed.
21. • Estimate at Completion (EAC): The EAC is the full task or project cost
expected at completion (the new project budget).
It is based on how you expect the future of the performance of the project
to be:
Future performance will be based on the budgeted cost:
EAC = AC + (BAC – EV)
Future cost performance will be based on past cost performance:
EAC = AC + [(BAC – EV) / CPI]
Future cost performance will be influenced by past schedule
performance
EAC = AC + [(BAC -EV) / (CPI x SPI)]
You could also use a combination of the past schedule or cost performance
to extrapolate the final project cost, where
EAC = AC + [(BAC -EV) / (0.8·CPI x 0.2·SPI)]
A new estimate is produced
EAC = AC + ETC
22. • Variance at Completion (VAC): The VAC is a forecast of
what the variance, specifically the Cost Variance (CV), will
be upon the completion of the project. It is the size of the
expected cost overrun or underrun. The formula is:
VAC = BAC – EAC
= Old Budget – New Budget
• To Complete Performance Index (TCPI): The TCPI
represents the efficiency level, specifically the CPI, that will
make the project finish on time. It can be a powerful
indicator because it is generally easy to ascertain if your
people will be as productive as the indicator tells you.
23. There are two ways to calculate the TCPI:
To achieve the original budget
TCPI = (BAC – EV) / (BAC – AC)
To achieve the revised budget
TCPI = (BAC – EV) / (EAC – AC)
24.
25. Reporting
Project Status Report
Date March 3
Project Budget $10,000
Schedule Variance -$1,000
Cost Variance -$2,500
Comments
The project is behind due to a one-time purchase of
material
For small projects that last about 3 weeks or less, a simple earned value
table that includes the cost and schedule variances could meet the
reporting requirements:
26. Start End BAC PV EV AC SV SPI CV CPI ETC EAC VAC TCPI
Mar. 1 Mar. 10 $10,000
Mar. 1 Mar. 2 $1,500
Mar. 3 Mar. 3 $1,000
Mar. 4 Mar. 10 $7,500
Mar. 7 Mar. 20 $15,000
Medium Sized Projects
For projects that last between about 3 weeks to 6 months, a status report that indicates efficiency
levels and projected completion dates and budgets is more helpful.
27. That’s it! You’re now on your way to earned value management on your projects and nailing every project
deadline and budget.