Abstract
As engineering and construction activities unfold, the project actual status may diverge from the planned one, with discrepancies in expenditures, productivity and speed of work. 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, Earned Value Analysis is quantitatively explained using an example, as well as methods for estimating the cost and schedule at completion. 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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© 2011 Springer-Verlag Berlin Heidelberg
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De Marco, A. (2011). Project Monitoring and Control. In: Project Management for Facility Constructions. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-17092-8_9
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DOI: https://doi.org/10.1007/978-3-642-17092-8_9
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Publisher Name: Springer, Berlin, Heidelberg
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Online ISBN: 978-3-642-17092-8
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