Table of Contents
1 Heading 1 – Discuss how effective project control is a combination of Earned Value Management with carefully judged management reaction to this and other information.2 1.1 Heading 2 – Project control2
1.1.1 Heading 3 – Definition and significance of project control2 1.1.2 Heading 4 – Evaluation of effective project control3 2.1 Heading 5 – Earned Value Management4
2.1.1 Heading 6 – Definition of Earned Value Management4
2.1.2 Heading 7– The objective and functions of Earned Value Management4 3.1 Heading 8 – How the Earned Valued Influences the Project Control5 3.1.1 Heading 9 – The benefits of EVM for project control5 3.1.2 Heading 10 – The relationships between EVM and Project Control6 3.1.3 Heading 11 – EVM in project control process7
4.1 Heading 12– Conclusion8
5.1 Heading 13– Reference9
1. Heading 1 – Discuss how effective project control is a combination of Earned Value Management with carefully judged management reaction to this and other information.
To succeed in maximizing the value of a project, it is necessary to build a perfect management system which includes its tool, techniques and theory. In project management process, an appropriate project control development plays an essential role (Shtub, Bard & Globerson 2005). The Earned Value Management (EVM) system furnishes effective project planning and controlling, which is made up of uniting specialized scope, schedule and cost. Therefore, Earned Value Management is one of the significant components of effective project control.
This essay will discuss how effective project control is a combination of Earned Value Management with carefully judged management reaction to this and other information. In order to better explore the relationship between the project control and Earned Value Management, this essay will start with a brief introduction of project control, and explore its significance in project management as well as the evaluation of effective project control. Following this is the Earned Value Management, both of its objective and functions will be presented. What’s more, the third part will focus on how Earned Value Management served as an important role in the accomplishment of effective project control.
1.1 Heading 2 – Project control
1.1.1 Heading 3 – Definition and significance of project control
Definition of project control
When implementing a project, project control refers to its schedule and costing. Also, project control is defined as the ability to deal with ventures from the project by its movements and courses. There are 4 phases in the project, including project initiation, project planning, project execution and project closure. During which, the project monitoring and controlling are involved.
Appendix one: The framework of project control (Martin, Baume & Yorke, 2002)
Significance of project controls
Generally speaking, the reason why project control is taken seriously is that the deficiency of valid control can lead to the defeat and withdrawal of a project which contain its management of risk management, expense, quality and scope (Lewis, 2002).
On the basis of a wholesome project planning, implementing a project is carried out by adopting the theory the schedule control availably. In project management process, an appropriate project control development plays an essential part. Additionally, the success or failure of a project is regarded as depending on its formulation and observation to a certain extent. Though the project control has been developed for long, it seems that this management has unapparent impact on traditional ways to do project control. At the same time, some articles are posted to emphasize the significance of project control to accomplish its target. Project enforcement is not possibly to grow better unless there can be an applicable...