Monitoring and Controlling Project Work Notes: Definitions & Explanations PDF | Download eBooks
Study Monitoring and Controlling Project Work lecture notes PDF with project management definitions and explanation to study What is Monitoring and Controlling Project Work?. Study monitoring and controlling project work explanation with project management terms to review project management course for online MBA programs.
Monitoring and Controlling Project Work Definition:
Monitoring and Controlling Project Work is the process of tracking, reviewing, and reporting the overall progress to meet the performance objectives defined in the project management plan.
A Guide to the Project Management Body of Knowledge by Project Management Institute
Monitoring and Controlling Project Work Notes:
It is important to monitor the performance of a project. The monitoring is necessary to identify any changes or deviation in performance from the planned one. Based on the deviation, control actions are developed and taken. The processes associated with all this come under the monitoring and controlling process group. One of the processes is named as monitoring and controlling project work. This process deals with tracking and reviewing the overall progress of the project and the performed tasks and activities associated with the project to check if the progress is according to the plan and will meet the project objective. This process provides the basis of understanding the current status of the project, the needed changes and corrective actions to be performed, and provides an insight into the projected future status.
Keep Learning with Project Management Notes
What is Decision Theory School of Management?
Organizations adopt different schools of management. The manager within the organization is responsible to devise his/her methodologies based on that ...
What is Resource Smoothing?
A project can need more resources than available. This means that the resources are limited for a particular project.Limited resources ...
What is Job Description?
In order to select the financial compensations and rewards for the project team members, it is important to first classify ...
What is Fixed Price Incentive Fee?
A legal document that lists the terms and conditions of working, agreed by two parties is called a contract. Contracts ...
What is Informal Project Management?
Projects can be managed either formally or informally. Nowadays, organizations are moving towards informal project management. Informal project management involves ...
What is Communication?
Communication is the exchange (sending and receiving) of information between two or more parties. The information can be any idea, ...