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14 Cards in this Set
- Front
- Back
4.4 Monitor & Control Project Work |
The process of tracking, reviewing and reporting the progress to meet the performance objectives defined in the project management plan. |
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Monitor & Control Project Work: Process Group & Knowledge Area |
PG: Monitor and Control KA: Integration |
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Monitor & Control Project Work: Purpose |
The process of tracking, reviewing and reporting the progress to meet the performance objectives in the project management plan |
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Monitor & Control Project Work: Key Benefits |
Allows stakeholders to understand the current state of the project, the steps taken, and budget, schedule and scope forecasts. |
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Monitor & Control Project Work: Outputs |
1. Change requests 2. Work performance reports 3. Project management plan updates 4. Project document updates |
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Monitor & Control Project Work: Inputs |
1. Project management plan 2. schedule forecasts 3. Cost forecasts 4. Validated changes 5. Work performance information 6. EEFs 7. OPAs |
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Monitor & Control Project Work: Tools & Techniques |
1. Expert judgement 2. Analytical techniques 3. PMIS 4. Meetings |
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Monitor |
Collect product performance data with respect to a plan, produce performance measures, and report and disseminate performance information. |
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Control |
Comparing actual performance with planned performance, analysing variances, assessing trends to effect process improvement, evaluating possible alternatives, and recommending appropriate corrective action as needed. |
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Earned Value EV |
The measure of work performed expressed in terms of the budget authorised for that work. |
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Schedule Forecasts (SV) |
A measure of schedule performance expressed as the difference between the earned value and the planned value. |
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Cost Forecast CV |
The amount of budget deficit or surplus at a given point in time, expressed as the difference between the earned value and actual cost. |
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Vairance |
A quantifiable deviation, departure or divergence away from a known baseline or expected value. |
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Failure Mode & Effect Analysis FMEA |
Analytical procedure of each potential failure of each component, individually or cumulatively, its effect on reliability & function; how it might occur; estimated impact; and a minimizing action plan. (Truncated version of PMI def) |