Abstract
As engineering and construction activities unfold, the project actual status may diverge from the planned one, with discrepancies in expenditures, productivity and work pace. This chapter highlights the principles of accurate cost and schedule performance monitoring and control. First, it illustrates the method for measuring the actual progress of work. Second, the Earned Value Analysis is quantitatively explained together with the introduction of the Earned Schedule notion. Third, various available methods for estimating the final cost and schedule at completion are given. Then, various project reporting practices are shown. Finally, the possible control actions to bring the project back on track are discussed.
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De Marco, A. (2018). Project Monitoring and Control. In: Project Management for Facility Constructions. Springer, Cham. https://doi.org/10.1007/978-3-319-75432-1_8
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DOI: https://doi.org/10.1007/978-3-319-75432-1_8
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