MGMT 4700 Lecture 2: 2. Ch 13, 14 (Project Progress & Closure)

• School: York University
• Department: Management
• Course: MGMT 4700
• Professor: Yuval Meron

Document Summary

Data collected are determined by which metrics will be used for project control. Good wbs, cost and time estimates, network ! New variances and problems identified : corrective action planned ! Project control process: control is the process of comparing actual performance against plan to identify deviations, evaluate possible alternative courses of actions, and take appropriate corrective action, project control steps for measuring and evaluating project performance: If deviations from plans are significant, corrective action will be needed to bring the project back in line with the original or revised plan. In some cases, conditions or scope can change, which, in turn, will require a change in the baseline plan to recognize new information. Monitoring time performance: the project network schedule, derived from the wbs/obs, serves as the baseline to compare against actual performance, schedule slippage of one day seldom receives a great deal of attention.