Project monitoring and control & planning for monitoring
- 1. Submitted To: Submitted By: Prof. Pankaj Madan Sandeep Kumar (Head & Dean) MBA III sem. FMS-GKV, Haridwar RN. 22
- 2. Project monitoring Project control Purpose of project monitoring and control Characteristics of project monitoring and control Planning for monitoring and evaluation Importance of planning Integrating monitoring and evaluation Developing a monitoring and evaluation plan Contents:
- 3. Monitoring is the regular observation and recording of activities taking place in a project or programme. It is a process of routinely gathering information on all aspects of the project. To monitor is to check on how project activities are progressing. It is observation; ─ systematic and purposeful observation. Monitoring also involves giving feedback about the progress of the project to the donors, implementers and beneficiaries of the project. Reporting enables the gathered information to be used in making decisions for improving project performance. Project Monitoring:
- 4. Project control are the data gathering, management and analytical processes used to predict, understand and constructively influence the time and cost outcomes of a project or program; through the communication of information in formats that assist effective management and decision making. This definition encompasses all stages of a project or program’s lifecycle from the initial estimating needed to ‘size’ a proposed project, through to reflective learning (lessons learned) and the forensic analysis needed to understand the causes of failure (and develop claims). Project control:
- 5. Project strategy, undertaking planning and methods studies to help the PM optimise future outcomes Scheduling including development, updating and maintenance Cost estimation, cost engineering/control and value engineering Risk management, including maintaining the risk register and risk analysis/assessment Earned Value Management and Earned Schedule, including WBS, OBS and other breakdown structures Document control Forensic Assessment for required diagnosis of schedule and cost Supplier performance measurement / oversight (but excluding contract administration) Project control discipline can be seen as encompassing:
- 6. Monitoring is very important in project planning and implementation. It is like watching where you are going while riding a bicycle; you can adjust as you go along and ensure that you are on the right track. Monitoring provides information that will be useful in: Analysing the situation in the community and its project; Determining whether the inputs in the project are well utilized; Identifying problems facing the community or project and finding solutions; Ensuring all activities are carried out properly by the right people and in time; Using lessons from one project experience on to another; and Determining whether the way the project was planned is the most appropriate way of solving the problem at hand. Purpose of project monitoring and control:
- 7. The project manager or lead utilizes skills and tools to review progress, capture requested scope changes, risks, and document achievements. By monitoring and controlling the project, the PM or lead keeps the project moving and allows for any necessary adjustments. Regularly assessing progress related to scope, timeline, and budget helps to minimize the impact of setbacks as the project progresses. By capturing and assessing progress, proper evaluation of variance to plan can be conducted and corrective actions implemented. Additionally, as the PM or lead is thoroughly capturing progress and any missed activity dates, adjustments and trade-offs. Characteristics of project monitoring and control:
- 8. Status reporting Conducting a project review with stakeholders Control schedule variances Controlling scope and change requests Controlling budget Tracking & mitigating risks Monitoring & control by...
- 9. A monitoring and evaluation (M&E) plan describes how the whole monitoring and evaluation system for the program works. This includes the indicators, who is responsible for collecting them, what forms and tools will be used, and how the data will flow through the organization. Planning for monitoring and evaluation:
- 10. Planning is a key stage in the monitoring and evaluation cycle. Organisations should think about: Why do we want to do it and for whom? What will we monitor and evaluate? How will we do it? Who will do it and do we have the right skills? When will we do it? What resources will we need, including outside support? What will we do with the information we get? Organisations themselves, and their stakeholders, will usually want to find out how the organisation or project is meeting its planned aims and objectives. These need to be clearly stated in the early stages of planning. Importance of planning:
- 11. Monitoring and evaluation systems should be developed when an organisation first starts up, so that collecting information becomes part of everyday life. Often there are later opportunities to expand, develop or focus monitoring or to carry out more developed evaluation: When an organisation is changing or developing If it is applying for or has received new funding When information is needed for assessment against quality standards When information is needed for strategic planning. Integrating monitoring and evaluation:
- 12. Drawing up a monitoring and evaluation plan will help the organisation to think about how it will carry out monitoring and evaluation over the year or over the lifetime of a project. It will consider: When will different information be collected? Who will carry out and manage the activities? How will information be collected, analysed and presented? How will monitoring and evaluation findings be used in short-term planning and decision making, and quality reviews? Developing a monitoring and evaluation plan:
- 13. Thank You