How to Manage and Control a Project

Earned Value (EV) Earned Value is the physical work completed to date and the authorised budget for that work. For example, if a project has a budget of $100,000 and the work completed to date represents 25 percent of the entire project work, its EV is $25,000. Earned Value used to be known as the Budgeted Cost of Work Performed (BCWP)

Which tasks are taking more time than estimated? Less time

Is the project on track

One of the roles of the Project Manager in the change control process is to analyse the reviewer’s recommendation and determine the overall effect of the requested change on the Project Schedule in terms of effort, cost, and resource requirements and availability.

Report or any other appropriate communication mechanism

Changes that do not affect the project’s cost, scope, schedule, and quality (CSSQ) do not need to follow the formal change control process but should be documented in the Project Status

The Project Manager must incorporate any agreed-upon changes or addenda into the deliverables produced during Project Initiation and Project

that the project produces all the work but only the work required and documented in the Project Scope

As part of managing scope change, one of the Project Manager’s functions is to ensure

The change control process describes:
The definition of change and how to identify it
How requests for change will be initiated
How requests for change will be analysed to determine if they are beneficial to the project
The process to approve or reject change requests
How funding will be secured to implement approved changes