significance
evaluation and control are part of manager's job
it prevents small problem
structure of project monitoring information system
what data are collected
duration time
actual cost
resource usage and rates
compared with planed schedule
collecting data and analysis
who establish data
when establish data
how the data establish
report and reporting
current status of project
schedule
cost
scop
who need report
progress since last report
the project control process
control is necessary to compare performance and evaluate
setting baseline plan
provide element for measuring performance
base line comes from cost and budget
measuring progress and performance
quantitative
time
budget
qualitative
product fabction
meeting technic
earned value(EV)
budgeted cost of work performance
comparing plan against actual
periodic monitoring and measuring
compare actual plan and expected plan
taking action
corrective action to prject back
monitoring time and performance
major goal of progress reporting is to catch negative variances
tracking gantt chart
control chart
to estimate future schedule movement
developent of an earned value cost
EV start from budget value of work scheduled(PV)
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define work using WBS
scope
work package
deliverables
organisation units
resource
budget
develop work and resource schedule
develop a time-phase budget using work package including in an activity
collect actual cost and performance
EV= complete work ration X budget cost
compute the schedule variance
baseline cost
sum of cost account
method of variance analysis
comparing earned value with expected schedule value
compare earned value with actual cost
developing a status report
assumption
assume one work package cost
early network will serve base line
some actual cost will incurred in each period
development of status report
workpackage should be in
not yet started
finished
in-process or partially complete
indicate the progress using ratio
index to monitor progress
use schedule and cost index
performance index
cost efficiency
=EV/AC
schedule performance index
=EV/PV
project percent complete index
identify which one is most representative
percentage complete index(PCIB)
=EV/BAC
based on total budget
percentage complete index(PCIC)
=AC/EAC
based on actual cost
technical performance measurement
measure schedule and cost
by examine document and record
earned value rule
useful to reduce overhead cost
0/100 rule
after finishing work, 100% value is earned
50/50 rule
50% going way bring 50% value
percent complete rule
restrict earned value in each stage
forecasting final project cost
represent revision
EACre=AC+ETCre
EACre=revised estimated cost at completion
AC=cumulative actual cost of work completed to date
ETCre=revised estimated cost to complete remaining work
scope creep
small change of request
usually happened in early stage
if scope creep is needed, make sure baseline is clear
baseline change
bring reschedule, overcost
manage accept change in the case project will fail without change
make sure impact ofchange