Manage and Monitor the Project Schedule

October 2, 2008 | Author: PM Hut | Filed under: Scheduling

Manage and Monitor the Project Schedule (#2 in the series Creating and Managing a Project Schedule)
By John Filicetti

Review the project schedule on a regular basis to determine how you are progressing in terms of schedule and budget. If your migration effort is small, this may need to be weekly. For larger migration projects, the frequency might be every two weeks.

  • Monitor the schedule. Identify activities that have been completed during the previous time period and update the project schedule to show they are finished. Determine whether there are any other activities that should be completed but are not. After the project schedule has been updated, determine if the project will be completed within the original estimation of effort, cost, and duration. If not, determine the critical path and look for ways to accelerate activities to get you back on track.
  • Monitor the budget. Look at the amount of money your project has actually consumed and determine whether your actual spending is more than estimated based on the work that has been completed. If so, be proactive. Either work with the team to determine how the remaining work will be completed to hit your original budget or else raise a risk that you may exceed your allocated budget.

Project Cost Report

Project Cost Report

John F. Filicetti, PMP, MBA
John Filicetti is a Sr. Sales Engineer/PM-PMO-PPM Consultant with a great depth of experience and expertise in enterprise project management, project management methodologies, Project Portfolio Management (PPM), Project Management Offices (PMOs), Governance, process consulting, and business management. John has directed and managed project management teams, created and implemented methodologies and practices, provided project management consulting, created and directed PMOs, and created consulting and professional services in such areas as project portfolio management, Governance, business process re-engineering, network systems integration, application development, infrastructure, and complex environments. John has enjoyed many years as PMO Director for large corporations in the Seattle area and leads the PMO Roundtable discussion group and forum.

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