Project Monitoring and Project Control

Abstract

This chapter covers all areas that need monitoring and control during the execution of the project; this is done by using specific tools, methods and procedures; every tool is explained, templates suggested and examples developed. For the most important aspects, i.e. monitoring and cost control, actual cases are proposed using ‘hand solving’ as well as dedicated software. Different tools are used such as the Earned Value Analysis to check progress in both time and costs, to compute variances, to evaluate contractor’s performance regarding manpower and man-hours, and to also check contractor’s appreciation abort estimate at completion and final costs. In addition, different exercises provide practical information about how to compute costs at completion, as well as labor performance factors, and how to develop and use information provided by learning curves.

The chapter provides samples and comments on different reports from the point of view of contractors, suppliers, drawings production, equipment, strategic planning, etc. Sections are devoted to forecasting advance on work and to factors affecting production. The control process also involves quality as well as environmental protection.