Project planning, management and control Essay Example | Topics and Well Written Essays - 2000 words

red inkact planning, management and control - Essay ExampleProject control t the senior mngement level consists of evlu tinkle nd responding to forml Project Sttus Reports prepred by the compute tem. These reports detil the everywherell progress of the project with specil ttention pid to production delys or budget run overs tht dexterity jeoprdize contrctul greements. The reports ssist senior mngement in determining when expenditures on prticulr project re no longer profitble nd should be terminted. Depending on the level of mngement control, sttus reports my prompt senior mngers to provide dditionl funding, direction, or clrifiction to the project tem.In contrst, project control t the opertionl level is driven by need to determine how successful the tem hs been in chieving specific plnned objectives nd by need to ssist in the coordintion of complex nd interrelted ctions. The project tem monitors the progress of ech ctivity, tking corrective ction when ctivities re shown to be delyed or drifting (Spinner, 1992). Knutson nd Bitz (1991) list fiver stges of the opertionl project control fulfillTime, cost, nd performnce form the bsis for the operting chrcteristics of project. These fctors help to determine the bsis for project control. Project control is the process of reducing the devition between ctul performnce nd plnned performnce. Mesurements re tken on ech of the three project constrints of time, performnce, nd cost.Cost Control. Tking the process unity step further, cost control reports compre scheduled expenditures to ctul expenditures. The purpose of these reports, which re usully prepred by finncil plnners, is to identify or predict possible cost overruns. If cost overrun is likely, request for