Purchase Solution

Cost and Scheduling in Project Monitoring

Not what you're looking for?

Ask Custom Question

Effective monitoring of project performance needs to take account two factors: cost and schedule. What other factors do you think the project manager must consider in project monitoring? Do you think those factors are easy to monitor? Discuss with examples.

Purchase this Solution
Solution Summary

The solution discusses factors that needs to be evaluated while monitoring projects.

Solution Preview

Project managers should evaluate other factors as well in terms of project monitoring. First of all, manager should evaluate the quality of deliverable in the project. Quality management is an integral element of project management. This factor is not too difficult to monitor once quality standards, benchmarks and evaluation criteria have been put in place. However, the project manager ...

Solution provided by:
Sheetal Jain, PGDM
Education
  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
Recent Feedback
  • "Thanks"
  • "Thanks"
  • "Very good! "
  • "thanks"
  • "Thank you!"
Purchase this Solution
Free BrainMass Quizzes
Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

View More Free Quizzes
Related BrainMass Solutions

  • Project Management: Resource Scheduling

    Project Scheduling and Cost Control: Planning, Monitoring and Controlling the Baseline. USA: J. Ross Publishing. The following posting helps with a problem involving project management and resource scheduling.

  • 4 key stages of project monitoring

    Project Scheduling and Cost Control: Planning, Monitoring and Controlling the Baseline Taylor, J. (2008). Project Scheduling and Cost Control: Planning, Monitoring and Controlling the Baseline. New York: J. Ross Publishing.

  • Variables in project management

    There are usually 5 stages in the development of a project: 1) project initiation, 2) project planning, 3) project production, 4) project monitoring and 5) project completion.

  • Article Relevant to Activity-Based Costing (ABC), Job Costing, or Process Costing

    Activity-based job costing for integrating estimating, scheduling, and cost control. Cost Engineering, 43 (98), 23-32.

  • Project Evaluation and Status Check

    * Monitoring and control processes - Monitoring/reporting processes - Decision-making processes (e.g. in terms of ability to make timely adjustments to the project) and their effectiveness - Management/authority structures - Risk management

  • Project Communication

    To be aligned with cost and budget management, recording and monitoring each budget expensed should be done as the project progresses.

  • Termination planning and future projects

    The principal investigator usually involved in project monitoring is responsible for preparing such report for the project termination.

  • Project Control & Monitoring

    Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons, 2013.

  • Scheduling and Budgeting

    583356 Scheduling and Budgeting Determine the tools that would work best for developing a schedule and budget. Simple methods for monitoring and controlling the schedule and budget.

View More Related Solutions