project execution , monitioring and control

Question 1

define project controls

Question 2

variables to be controlled and monitored

Answer 2

planning and schedulimng
risk management
cost estimation and control
scope and change management
earned value management
document control
supplier appraisal
reporting

Question 3

components or earned value management system

Answer 3

1.scheduling engine to create and maintain a project schedule.
2. the cost engine.collect data on actual cost and work performed
3. the reporting engine.helps to interpret and communicate the evm system information
the a counting system

Question 4

components of earned value management system,

Answer 4

1. planned value.the vakue that was planned to have been earned at a certain poit of a project.
2. earned value.the value that was actually earned
3. actual cost.

Question 5

steps of the earned value management system

Answer 5

1. define project scope
2. complete the work breakdown structure
3. develop the network diagram
4. develop the baseline budget
   5.capture actual cost
5. determine earned values
6. develop the status report

Question 6

limitations of earned value management systems

Answer 6

1. it cannot be used in isolation.
2. it does not ensure quality or customer satisfaction
3. it needs accurate data
4. it needs context not just numbers but what the numbers mean

Question 7

techniques of project control

Answer 7

break project into smaller tasks.
establish a baseline.
have regular status meetings
review project constantly
have milestones and checkpoints
formal sign of project
use independent quality assurance audit.
use earned value management method.