Project Management | Phase 4 || Monitoring (Word DOC)

BENEFITS OF DOCUMENT

1. Templates save you time
2. Templates help with repeatable processes
3. Templates keep you consistent

DESCRIPTION

This product (Project Management | Phase 4 || Monitoring) is a 4-page Word document, which you can download immediately upon purchase.

Fin-wiser Advisory's PM templates address the needs of each phase of your project, across each project management discipline. These economical tools have been developed, tested and proven in the program management of projects ranging from small to large value. These templates are now made available to promote excellent project management practices across the industry.

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PHASE 4: Monitoring
This phase is about measuring project progression and performance and ensuring that everything happening aligns with the overall objective and plan. Project managers will use key performance indicators (KPIs) to determine if the project is on track. Some KPIs to measure project performance:

? Project Objectives: Measuring if a project is on schedule and budget is an indication if the project will meet stakeholder objectives.

? Quality Deliverable: This determines if specific task deliverable are being met.

? Effort and Cost Tracking: PMs will account for the effort and cost of resources to see if the budget is on track. This type of tracking informs if a project will meet its completion date based on current performance.

? Project Performance: This monitors changes in the project. It takes into consideration the amount and types of issues that arise and how quickly they are addressed. These can occur from unforeseen hurdles and scope changes.

List of templates under this bundle –

4.01_Project_Performance_Report
4.02_Variance_Analysis
4.03_Earned_Value_Status_Report
4.04_Risk_Audit
4.05_Product_Acceptance

Source: Best Practices in Performance Management, Project Management Word: Project Management | Phase 4 || Monitoring Word (DOC) Document, Fin-Wiser Advisory