Once you’ve moved into Execution, the team takes over the heavy lifting. Now the project manager has to assess if the project is tracking and if course corrections are required. You need to be able to control scope, time, cost, and quality. Differences between the plan and where you find yourself are called variances (positive or negative). It’s important to understand the source of variance.
Review the LinkedIn Learning course, Project Management Foundations, section 8 on Monitoring and Controlling Progress and Performance.
Watch
Earned Value Management is one of the rapidly growing methods of monitoring and controlling projects. Watch the 3 LinkedIn Learning videos:
Earned Value Formulas, Part 1 from the course: Cert Prep: Project Management Professional (PMP)®
Earned Value Formulas, Part 2 from the course: Cert Prep: Project Management Professional (PMP)®
Earned Value Formulas, Part 3 from the course: Cert Prep: Project Management Professional (PMP)®
Since these are only videos, there is NO certificate to submit.
Submit your response to Discussion Question 2 on p. 334 in Schwalbe.
Submit here.
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