Importance of Project Control and Monitoring

How to calculate the progress rate of a project?

All these activities ensure the progress rate of a project is according to the schedule and with decent quality. So, what activities are performed in project control and monitoring processes, and why are they essential.

There are specific points about project control and monitoring processes we’ll discuss and understand in brief.

You can summarize this by tracking, reviewing, and making required changes in the project, but these actions are based on many factors.

A project manager makes a project management plan (PMP) at the start of the project and abides by the planning to maintain or improve the project’s performance by monitoring every process throughout the project and controlling them.

Why do we need project tracking KPIs?

When a project starts, the tasks are divided and assigned to the appropriate members of the team. But if there is no one to control the project during the process, the project might get out of track. In addition, because the team focuses on completing the work, each member will focus on their work without checking the project’s overall status, progress, quality schedule, or budget.

So, to keep these things in control, a project monitoring indicator is essential. This’ll ensure the correct use of resources, better quality, and make changes when required. Also, appropriate actions could be taken related to the tasks according to the project’s requirements.

But to control the project, first, you need to find out the faults by monitoring the project.

Here’s when monitoring comes into action.

Monitoring the Project

To monitor the project correctly, you have to track all the activities and processes of your project. You’ve to check the project’s performance, quality of the work, and if the project is on schedule or not.

Doing this ensures that your project is error-free and on time. Monitoring the regular status of the project also allows you to track the project’s progress, which makes it easier to answer your owner or stakeholder about the status of the project.

Project control and monitoring processes also include risk management. At the time of the planning of the  project management (PMP), risk management is also considered. Forecasts on budget and time help you manage the tasks in a better way.

Monitoring and controlling include the changes, but the implementation of the changes is also checked and approved. The correct way of project control can lead to successful project completion within or on time and meet the quality expectations.

How to anticipate project risks?

If so, it’s important to know how to manage risk in a project before they happen. That way, when the time comes, you can be prepared and make sure your team is ready for anything. Here are 3 ways you can pace up project risk management. 

1. Create an action plan for potential risks
2. Identify possible sources of those risks
3. Develop strategies for mitigating those risks. 
4.  

How to present the status of a project to a customer? 

We know how indispensable it is to keep your customers happy and satisfied. That’s why it’s important for you to learn how to present the status of a project to a customer in order to make sure they are satisfied with what you have done for them.

Project control and monitoring processes help you manage the team, project, budget, schedule, and the whole process in a much more organized way. The monitored data also helps you control the resources and hence manage the project’s budget.

If you have sufficient data and stats of the work going on, you can guide your team in a better way.

You can rely on the project’s budget, schedule, and scope as benchmarks throughout the project. And you’ll be able to forecast the risks and issues and take preventive measures before they impact your project’s performance.

So, I hope you have understood why project control and monitoring processes in a project are so important.