[PPT] Project Management PPT Course Week 9

Project Management PPT Course Week 9
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PPT Description: Total Slides 95
This presentation is part of 11 week course on Project Management. In 11 PPT's you will learn the various concepts, principles and key aspects of real-world Project Management. This presentation discusses the most essential topic of project performance monitoring and management. Weeks 7 to 9 covers Managing Project Teams, Project Conflict Management and Performance Management. See below for additional details on the topics covered in this slide presentation. For author information, content credits and usage rights download the PPT or refer to the disclaimer page of the blogsite.

[PPT] Project Management PPT Course Week 9

PPT Covers:

Project Management PPT Week 9
Project Performance Management. This slide deck covers project monitoring system which is an integral part of managing and measuring performance of a project. This slide deck explores project monitoring system concepts, its steps, and performance management tools. Project monitoring helps the Project manager to know that the project is on track and within time, scope and cost.
What is a Project Monitoring System ? This section looks at the basis of monitoring system. A monitoring system is based on three things – gather data, analyze data and progress report. For this the project manager must know what information is required from stakeholders and each agency connected. The section shows many questions that can form the basis of the type of data to be collected on which analysis can be done to build an informational report for understanding progress. A few examples of Progress Reports are shown and discussed.
What is the Project Control Process and why is it useful? By definition all control process are there to show the planned performance versus the actual so as to indentify the deviation and take appropriate corrective action. There are 4 project control steps of Setting and baselining a plan, measuring progress and performance, comparing the plan to the actual performance, and taking corrective action.
How to Monitor Time Performance ? This section briefly explores tools used to monitor time performance to catch the negative variances from the planned time. This can be done with the help of by tracking and baseline Gantt charts and control charts. Gantt charts show expected, actual, and trend data for event duration performance. Control charts show the difference in scheduled time on the critical path with the actual point on the critical path.
The Shortcomings of Monitoring Systems. This section points out the disparities in project monitoring systems. Many monitoring systems are based around measuring only cost variances. They do not identify project cost and resource problems that are associated with delayed schedules or schedules completing ahead. The time-phase baseline plan takes into account a project’s actual performance and connects it to its schedule and forecast budget. This corrects the failure of most monitoring systems. The Earned Value Cost/ Schedule system is briefly defined.
Earned Value Management. EVM is a project performance measurement technique that integrates project data of time, scope, and cost. This section goes into details to show how EVM concept works. It explains many terms used such as (PV) Planned Value, (AC) Actual Cost, (EV) Earned Value, (CV) Cost Variance, (SV) Schedule Variance, (CPI) Cost Performance Indicator, (SPI) Schedule Performance Indicator.
Integrated Cost/Schedule System. This section further details the elements used for creating an integrated cost/ schedule system with WBS, work schedules, resource schedules, budgets and EVM.
Project Baselines. The slide deck ends with explaining what baselines are - an anchor point for measuring performance that include costs of labor, materials, equipment, project overhead costs. Discover and learn more inside the Project Management PPT Week 9 PPT.