Schedule Monitoring, Updating & Control
According to PMI, Control Schedule is “the process of monitoring the status of the project to update the project schedule and manage changes to the schedule baseline.”
Construction schedule analysis and forecasting is an important process that enables the project team to plan capital and resource allocations with greater efficiency. If a project manager did not use a project schedule, they would not be able to monitor and control the project’s activities effectively. This could lead to the project getting off track, missing deadlines, going over budget, and ultimately failing.
There are several steps needed to take to monitor and control the schedule:
- Review the schedule and schedule baseline regularly.
- Identify variances and take corrective action if needed.
- Monitor the progress of the project and make necessary adjustments.
- Communicate with all stakeholders about the status of the project.
- Keep the project on track and ensure its successful completion.
Common tools and techniques project managers use to monitor and control the schedule include the following:
Gantt charts: a horizontal bar chart that enables project managers to visualize project progress plotted over time.
Earned value analysis: a method that allows the project manager to measure the amount of work performed on a project beyond the fundamental review of cost and schedule reports.
Risk management tools and techniques to identify and mitigate risks that can positively and negatively affect the project’s schedule.
Change management to manage schedule changes by keeping all the schedule-related documents up to date and applying the changes in the schedule.
Key performance indicators (KPIs) are measurable indicators used to evaluate the success or failure of a project or program. They provide critical insights into how well a project is performing, whether it is meeting its objectives, and what actions can be taken to improve performance. KPIs can be qualitative or quantitative and are often based on project-specific goals and objectives.
Key performance indicators (KPIs) are the result of applying control techniques, and need to be monitored continuously to understand the changing conditions for the execution of the scope and accurate planning of the forecasted work.
PMPath Scheduling team will provide all kind of schedule control techniques to help project managers to keep the projects in track:
- Identifying KPIs that will enable accurate schedule forecasts
- Critical Path Methodology progress and status updates
- Performing a schedule forecast that considers optimistic, pessimistic, and most likely scenarios (scenario planning)
- Preparation of risk mitigation plans
- Periodic reviews of project risk register
Contact us today to schedule a consultation with our scheduling experts.
