How to control the projects

1. Approaches to Project
Control
Submitted By : Nitish Sadotra

2. Need for project control
Project control approaches, deliver our
project
 On-time,
 Within the budget, and
 With limited turbulence.

3. Every project goes through a certain degree of turbulence and
therefore requires monitoring and controlling.
 As a project manager, understanding the impact of influences
and keeping them in check is critical to delivering the project
successfully.
Therefore, we should apply project control approaches
(techniques) in practically every aspect of the project.

4. Types of project control approaches:
Conducting Regular Project and Daily Meetings
Using Earned Value Analysis
Using Critical Path Analysis

5. Conducting Regular Project and Daily
Meetings
The most important resources in projects are people. The actions that
project people take towards their assigned tasks leads to task
completion on-time or delayed. In a worst case scenario, a task would
not be completed. Project control techniques targeted that people must
enable the timely completion of tasks.
Delays and incomplete tasks could lead to project delays, depending on
whether the activities are in the critical path. In addition, project costs
get impacted negatively. Delayed tasks translate to effort that has not
been budgeted for, therefore cost of that task completion goes up.

6. Using Earned Value Analysis
Earned value analysis is a technique that enables you to quantify
project progress. Earned value analysis has some key indicators, such
as Cost Performance Index (CPI) and Schedule Performance
Index (SPI).
 For example, if the values of CPI and SPI in our project are under
one (<1), this indicates the project is over-budget and will come in
late. You can then take action to get the project back on track.

7. Using Critical Path Analysis
Every project has a critical path. If any activity on the critical
path is delayed, the project completion date is directly
impacted. Therefore, monitoring and controlling activities on
the critical path is more important than doing so with other
activities.
The project control techniques we employ must always include
the activities on the critical path.