Management and controlling

Question 1

What is meant by ‘monitoring’ of projects? (1 point, p. 3)

Answer 1

Comparing the target vs actual progress of a project so that decisions and measures can be made
can update project planning and communicate the status

Question 2

What is meant by ‘management process’? (2 point, p. 5)

Answer 2

a cycle in which the PM analyses causes of a situation and decides whether an action is necessary - they then need to monitor the effects of any changes

Question 3

Graphical total cost forecast what is total cost, additive cost and linear cost lines? (graph)

Answer 3

linear = costs continue to increase as the project time goes on
additive = the rest of the prject goes according to plan

Question 4

Please explain following graph? (2 points, p. 10) MILESTONE TRENDS

Answer 4

HORIZONTAL COURSE no change of plans
RISING TREND - appointment delays
FALLING COURSE early deadline

Question 5

What can be done in case of derivations from a ‘project plan’? (3 points, p. 11)

Answer 5

have control measures eg
we can change resources (hire more resource, outsource…)
change scope (limit quality or change priorities)
increase productivity (train employees, increase motivation)
Stakeholder communication to elimante conflicts