BA647: Project Management Integration Framework
15 November 2011
Project Monitoring is the monitoring of a project throughout the life cycle of the project, the monitoring of a project begins when there is a clear and verified plan of an approved project. According to Kendrick, Tom (2009) the monitoring of a project is dependent on four-cycle stages: •
Stage one – inbound communication
Stage two – metrics and trend analysis
Stage three – responding to issues
Stage four – outbound communication
The monitoring cycle provides the project leaders with information needed to conduct analysis and planning for the ongoing project.
In Stage one of the projects' monitoring cycle the project leader is responsible for collecting the status data of the project. This data is the main basis of everything “PROJECT”, the survival of the project depends on how the data is used or not used. The project leader has to be forceful and vigilant when collecting this data, with busy schedule and chaos collecting the data is a must be it negative or positive reports, he or she cannot decide to eliminate the negative data from the report doing so will pose greater risk to the project. The project leader has to compile all this data and use it to determine the status of the project and be able to communicate the report, good or bad to the project sponsors.
In Stage two the data that is collected in stage one from the project status update is now analyzed. It is compared to the baseline plan of the project with what and where the project is now and identifies the differences this is a variance analysis. This variance both good or bad is further analyze to see its effect on the project, good variance may give the opportunity to improve future work while bad variances can negatively impact the project and as such requires attention. It is imperative at this stage to know what the causes of your variances are both good and bad and why they...
References: Kendrick, Tom. (2009). Identifying and Managing Project Risk: Essential Tools for Failure-Proofing Your Project, pp. 274 -286. Sarnac Lake, NY: Amacom.
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