Project Control and Evaluation

By Michele Dove

With changes in techniques, thinking and management procedures, and the use of technology, project management is a complicated and continually growing discipline. Year after year, the number of projects in various industries such as construction, finance, manufacturing, information technology, and so on has expanded fast, but the rate is regarded to be successful according to a set of product criteria. In recent studies, quality, time, cost, and customer satisfaction have all been below 30%; the remainder are behind schedule, have exorbitant costs, and lack features and quality. Customer complaints or the full failure of initiatives.

• Language: English
• Publisher: Lulu.com
• Release date: Jun 1, 2023
• ISBN: 9781312497788

Book preview

PREFACE

With changes in techniques, thinking and management procedures, and the use of technology, project management is a complicated and continually growing discipline. Year after year, the number of projects in various industries such as construction, finance, manufacturing, information technology, and so on has expanded fast, but the rate is regarded to be successful according to a set of product criteria. In recent studies, quality, time, cost, and customer satisfaction have all been below 30%; the remainder are behind schedule, have exorbitant costs, and lack features and quality. Customer complaints or the full failure of initiatives.

The project management team's quality is one of the primary reasons of this circumstance. With many years of teaching and consulting on project management in Vietnam, Project Management Consulting and Training Co., Ltd (PMC Co., Ltd) finds it surprising that project leaders, particularly in IT projects, are typically technical experts in that field who are also responsible for additional management tasks when they have not, or very little, training in management in general, and project management in particular. private. In fact, with medium-sized projects, the project leader has practically no time to address technical issues, instead focusing on leading and managing to maximize the project team's strength and available people and material resources, advancing the project. As a result, the project leader must be trained and self-trained in order to possess the requisite knowledge and abilities for project management and leadership.

The book that you are holding is one of the few really valuable documents for both novices and experienced project managers. and has experience in project management. If you're a newbie, the simple, easy-to-understand presentation with plenty of examples and illustrations will help you rapidly comprehend the fundamental ideas, information, and procedures needed to move forward with project management according to your needs. conventional procedure, which avoids making basic errors. You will gain more from Heagney's insightful, practical recommendations and suggestions on crucial issues if you have expertise and experience. The book does not give specific instructions on how to proceed, but it does provide a realistic framework for managing various components of a project.

Guide issued by the International Project Management Institute (PMI®), even though the first edition was published 17 years ago (1997), this book remains current and valuable since it is always updated according to the global leading standards for project management, the PMBOK book. With a total of 42 processes and 9 knowledge domains, this 4th edition of the book has been revised according to PMBOK® Guide version 4.

This is not a summary of the PMBOK® Guide since it has been modified according to the PMBOK® Guide. Heagney delves into the complicated yet critical success and failure elements of a project after discussing the fundamentals of project management, the role of the project leader, and areas of knowledge. From the perspective of someone with many years of experience in project management, program management, and teaching. Objectives; Planning (with a focus on timelines); Risk management; Control; Project team management are among the topics covered in depth by Heagney. The author of the book will explain and share his practical experience on: developing strategy, vision, and goals; project planning; work breakdown chart; develop a feasible timetable; risk management; Earned Value Analysis (Earned Value Analysis); and risk management. Management of project teams; Control and analyze the success of each step, as well as how your organization's project management processes are designed and applied.

Aside from university textbooks and documents for specific specialties, only a few general project management books have been translated into Vietnamese, such as Project Management Is Simple by Stephen Barker and Rob Cole, Project Management on a Paper by Clark A. Campbell, and Project Management by Phil Baguley. This Vietnamese translation of Joseph Heagney's book is a fresh endeavor by Alpha Books to promote the industry in Vietnam. The book will be used as a reference in project management training classes at PMC, and we'd want to share it with our readers.

Chapter 8. Build a workable schedule

You must identify where the longest segment of the path resides in the network diagram and examine whether the section fulfills the goal completion date once you have created a proper network design that outlines the time periods for all activities to be performed. Because the longest stretch of road through the project defines the minimum time to complete the project, any activity along that route that takes longer than intended will cause the project's completion date to be delayed accordingly. This path is referred to as the critical path (critical path).

Construction of a timetable using computer algorithms

Typically, you will delegate all calculations to the computer. So, why do you need to know how to compute it manually, you could ask? I feel that until you understand how computers calculate, you will not completely comprehend phrases like acceptable delay time, early date, late date, and so on... You can also become fascinated with the GIGO state (wrong input, incorrect outcome). Here are the fundamentals of computer algorithms (most schedulers also have the ability to convert time to particular calendar days, which is difficult to perform with this approach). handcrafted).

First, consider what we want to learn from a project. We want to know at what point the project can be completed if it starts at zero. Of course, we are given a deadline in many real-life assignments. That is, the project's completion date has been set. Meanwhile, meeting the work start date is often challenging owing to a variety of factors such as a lack of resources, unclear requirements, or another project that has not yet been completed. As a result, creating a timetable will assist you in pushing your efforts to complete the task in the period between those two specified times. In any event, we still want to know how long the project will take to finish; if the needed timeframe is incorrect, we'll have to find a way to cut the essential route of this timeline.

Calculations are done on the network design in its most basic version, assuming that the work period is precisely as defined by the scheme. The duration of the activities, on the other hand, is a result of how much the resources are required for the job, and if the resources aren't truly accessible when they're needed, the duration is indicated in the timetable. since the work is impossible to do As a result, computations on the final network map must take resource limits into consideration. In other words, analyzing resource allocation is essential for determining which timetable is most likely to succeed! You will almost surely end up with a timetable that is unlikely to be completed if you do not consider resource allocation during schedule preparation.

However, determining the location of the critical path in the schedule and the flexibility of the non-essential activities under ideal conditions is the first step in constructing the network diagram. Of course, the ideal condition is for the project to have infinite resources, therefore the first network map computations are conducted without taking resource