Week 7 Flashcards
what is the project execution stage?
once planning is complete, we move to this stage
- this involves monitoring and controlling the project activities, evaluating/auditing the project and then closing the project
- monitoring and controlling allows to identify when project is moving out of alignment and so bring it back under control
what is monitoring, controlling, evaluation and project monitor/project controller?
- Monitoring: Collecting, recording, and reporting information on all aspects of project performance
- Controlling: Uses the information supplied by Monitoring to bring actual performance into compliance with the plan
- Evaluation: Judges the quality and effectiveness of the project’s performance
- Project Monitor / Project Controller: Individuals (or groups) responsible for monitoring and controlling a project
how do we monitor a project?
We create a Monitoring System
= Identifies the key factors to be controlled:
* Scope (e.g. number of acceptable changes to the project
outputs)
* Cost (e.g. number of labour hours used)
* Time (e.g. duration of manufacturing process)
– Easiest way to identify these factors is to use:
1. The WBS
2. The Risk Management Plan
what MUST the monitoring system do?
- Collect all relevant data
– Don’t concentrate only on the data that is easy to obtain
– Must use both subjective and objective measures - Collect the correct data
– Project performance measurement is usually the most difficult to measure
– Use milestones - Not collect too much data
- Report the data to the correct personnel in a timely and understandable form
how should the monitoring system collect the data?
- What data to collect
- When we should collect it
- How we should collect it
= The collected data needs to be reported to various levels of management
– However, different levels of management will ask for varying: - Amount of detail
- Frequency of reports
- Reports might not be issued periodically. should be linked to Project Plan instead
what are the types of report?
- Routine Reports: issued on a regular basis, eg whenever a critical event occurs
- Exception Reports: issued when an unusual event occurs (or when an exceptional decision needs to be made)
- Special Analysis Reports: issued to share the results of a study investigating an unexpected problem that occurred
- Milestone Reports: issued once the project reaches a major milestone to show progress to date
what is a Burnup and Burndown chart?
= Graphical aid for monitoring and communicating overall project progress
1. Burndown Charts:
– Plot scope against time
– Show the remaining work to be completed
– The steeper the plotted line, the greater the rate of progress being made
2. Burnup Charts:
– Also plot scope against time
– Show the remaining work to be completed and the work completed to date
how can meetings been used as reporting mechanisms?
Reports do not necessarily have to be in a written format, they can be delivered verbally at face-to-face meetings
- Meetings between project team members are
necessary and helpful as they keep everyone informed of progress, therefore bringing everyone together
- However, a key issue in project management is
having too many meetings
what are the seven rules for successful meetings?
- Meetings should be used to make decisions
- Avoid “Show and Tell” Meetings
- Have defined start and end times
- Stick to the agenda
- Be prepared!
- Take minutes
- Keep meetings to a minimum!
how can computers be used to monitor projects?
Computer software offers ability to automate some of the monitoring processes eg Microsoft Project
- However, there are also a number of issues associated with relying on computer software to manage projects:
1. No one software package will meet all your project needs
2. Overreliance on the software
3. Information Overload
4. Isolation
what are the general issues of monitoring projects?
- Don’t always have access to accurate data
- Sometimes seen as an “after-the-fact” approach to controlling projects
- Can be seen as an exercise of “assigning blame”
- Data can be subject to various biases
what is control?
Control is the act of reducing the difference between the actual performance and the planned performance. It uses the information gathered from monitoring to take the most
appropriate corrective actions.
- the PM is responsible for all control activities, control focuses on scope, cost and time
what can go out of control in scope?
- unexpected technical problems
- quality issues
- changes in the market
- new technology is released
what can go out of control in cost?
- if scope of work increases, so does cost
- initial budgeting and costing were too low
- technical problems may require more resources
- price changes for resources as project progresses
what can go out of control in time?
- technical problems took longer to solve
- initial planning was overly optimistic
- sequencing of tasks was incorrect
4, key resources weren’t available when required