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| By N2H | ||||||||||||||||||||||
Objectives of a Progress monitoring system
November 20, 2009
Progress monitoring system is a system used to measure the practical progress of a project. It is a system that is used to provide project stakeholders with indications of how the project is achieving the desired project goals.
The main objectives of these progress monitoring systems are to be able to identify real progress Vs planned progress on a project. The project manager is able to see where the project is Vs what was planned in the early stages of the project. This enables the project manager to be able to accurately report the status of the project to the project stakeholders.
A second objective of progress monitoring system is to identify corrective actions to address the variances in the project scope, cost and schedule. The project manager will be able to what kind of corrective action to take. Some of the corrective actions that can be taken if the project is behind schedule are adding additional staff or having additional shifts and overtime.
The third objective of a progress monitoring system is monitoring various project variables. These variables are important to the success of the project and are used to control the project. Some of these variables like costs, time, money and risks are used by the project manager as a way to measure and control the project as its being carried out.
The project manager has a variety of tools that he/she can use to measure the progress of a project. One of the tools used is earned value management system which indicates what work is supposed to be done, what work has actually been done and the effort and costs used to do the work.
For example earned value management system might indicate that the scheduled variance is -$10,000 meaning that the project is behind schedule to the tune of $10,000. Knowing this value the project manager will be able to take corrective action to ensure that the project is on schedule and as indicated earlier he/ she might increase the number of shifts on the project, use overtime or employ more people to work on the project.
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