|
Introduction
You have planned, estimated, and scheduled your project; now the fun begins – you need to track the progress of various team members, assess the impact of their performance on the currently promised cost, functionality, and schedule, and report the project progress to their manager, customers, and the sponsor. All of this, you must do efficiently, effectively, and routinely. To do this well, you need to define appropriate metrics that will provide you with accurate project status supported by a well-documented process for the team members to report their individual performance in a timely fashion. For efficient project progress tracking, not only do you have to look back to see the progress achieved by various team members, you also need to look-ahead to ensure smooth and unobstructed execution of planned tasks in a timely fashion. Efficient and effective project tracking is both an art and science, and project managers need to learn the necessary tools to master both skills.
Objectives
The goals of this session are to give participants a strong foundation for effective and efficient progress tracking, and the skills needed to achieve timely completion of their projects, while maintaining the agreed upon functionality (scope), budget, and quality of their projects. The participants are given the opportunity to develop viable solutions to common project management problems using a real-life project schedule as a case study.
Upon successful completion of this seminar participants will be able to:
Identify the vital signs required to monitor their projects
Determine vital signs reporting thresholds
Recognize key progress reports used to update management on project status
Measure variance from the established norms
Compute impact of of each vital sign’s variance on the critical path and budget
Develop adjustment scenarios for out-of-limit variances
Propose recovery steps for out-of-limit variances
|
Seminar Audience
Project managers and team members as well as anyone else interested in learning the tools and techniques for project tracking and control.
Case Study
Groups of participants form into teams and practice the tools and techniques being taught in the seminar on a real-life project.
|
 |
PMBOK® Guide Areas Covered:
Scope management
Time Management
Cost Management
Human Resource Management
Communications Management
Risk Management
|
|
Tracking the Project
Establish a Baseline
Track Actuals
Monitor Variances
Monitor the Project Vital Signs
Establish a Baseline
Copy the Project Schedule
Issues Management
Plan of Record
Tracking Actuals
Team Member Status Reporting
Start Dates
Effort
Finish Dates
Costs
Percentage Complete
Monitor Variances
Effort Variances
Duration Variances
Cost Variances
Monitor the Project Vital Signs
Critical Path
Milestone Hit Rate
Deliverable Hit Rate
Actual vs. Estimated Cost
|
|
Tracking by Deliverables
Track Individual Deliverables
Track Deliverable Owners
Critical Path Impact
Controlling the Project
Compute the Variances
Analyze the Variances
Look-Ahead Window
Measure the Impact
Problem Solving
Choosing the Best Alternatives
Project Forecasting
 Budget
Schedule
Resources
Schedule Compression Exercise
Define Action Plan
Implement Action Plan
Escalation Procedures and Management Reports
Vital Signs Thresholds
Escalation Procedures
Management Reports
|
