Basics of implementing Project Controls

1. Contact Us 120 Matheson Boulevard East, Suite 203, Mississauga, ON, Canada L4Z1X1 Phone: 647 620 9490 Website: https://www.educationedge.ca We all know what they are and why they're important, but how about putting them to use in real- world project management? They fit into every aspect of a project's life cycle, as previously stated. Let's take a closer look at how this works. Project Planning Project controls are necessary at the start of the project, when you're putting together a schedule, assembling a team, breaking down tasks, identifying stakeholders, and determining what the project's goal is. Controls are especially important when estimating project costs and duration. These two constraints are among the most significant threats to your project. As a result, it's critical for making accurate estimates. Project Development This is the point at which the rubber meets the road. Budgets are created from cost estimates, and project schedules are created from time estimates. Project controls are especially important during this stage of the project. They assist with the project plan and schedule monitoring and reporting. The better the project controls, the more quickly a project can be identified as being off track. The same can be said for keeping track of expenses, performance, and budgets. Project controls work in tandem with your risk management strategy to identify threats to the project's budget and schedule. Project Implementation To avoid falling behind schedule and exceeding your budget, keep the team focused while executing the project. This necessitates meticulous monitoring and tracking of progress. Project controls serve as a tool for identifying problems and bottlenecks. You need project controls to break down data on team hours worked against budget spent and more to see where there are problems and quickly resolve them, whether you're balancing resource allocation to match team capacity or dealing with quality issues. Project Closure Of course, successful deliverables and satisfied stakeholders aren't the end of the project. There's a lot of paperwork to complete, teams to relinquish or reassign, and, of course, project controls to

2. collect performance data. Before putting the project on the shelf, do a final clean-up to see what worked and what didn't, so the next project can benefit from what you've learned. Want to learn more about implementing project controls? Enrol in a PMP exam prep Toronto today!