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INTRODUCTION Background
Any real project is very complex. Many of the issues of project management are too difficult to be solved. This paper presents a structured approach for execution, monitoring and control of project activities at operational level. Many technologies and methods are developed for successful monitoring and control to lead the project to success.
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Setting up an efficient control system the efficient management framework including : a. Reporting structure b. Assessing progress c. Communication system
METHODOLOGY
PLAN
INPUT
TIME SCHEDULE
STRUCTURED DOCUMENTATION
STRUCTURED DOCUMENTATION
Time and cost monitor and control 1. Ranking the priority of monitoring - rank the activity - monitoring the activities with no free float remaining - monitoring the activities with less than a specified float - monitoring high risky activities -monitoring the activities using critical resources Wondershare Software Copyright
2. Method of time control - CPM avoids delay or can shorten the time activities a. increasing resource levels b. improving resource efficiency c. shorten critical path timescales to bring a project back on target
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- Non delay approach adjusts various resources when urgency burst into the activity on the critical path. - Precedence requirement Scheduling the activities based on the availability of the process. - Optimal timing determine the optimal frequency of the monitoring and reviewing to different Copyright Wondershare Software activities in different stages.
- Crashing minimization of the pessimistic time estimate in PERT (Program Evaluation and Review Technique) networks by investing additional amounts of money in the activities on the critical path.
3. Methods of cost control To control these cost, managers should first set up a cost control system to: a) Allocate responsibilities for administration and analysis of financial data b) Ensure all costs are properly allocated against project codes c) Ensure all costs are genuinely in pursuit of project activities d) Ensure contractors payments are authorized e) Check that other projects are not using the budget
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4. Change monitor and control An effective change control system should be established to ensure change procedure is clear and unambiguous and easy for employee to request a change
` The MCDA-C is a development of the multicriteria decision aiding methodology (MCDA), as a way to give support to decision makers in complex, conflicting, uncertain contexts, where the decision makers want to improve their understanding of the situation (Ensslin et al., in press). ` This methodology enables the organization to improve its decisions process and choose the projects that contribute most to the organization s success.
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Conclusion
A successful project can be predicted by : Criticality and Readiness index of each activity for selective monitoring and control Recognize and rank the important factors affecting time and budget target. Use MCDA-C software