- Project Control [Fundamentals] is more than number crunching, it is leadership method, - Project Control [Fundamentals] starts after project planning and ends after project closure, which is actively controlling and monitoring project at its each stage based on [WBS] through cost control, quality control, - Project Control [Fundamentals] identifies deviations from project plan at early stage through comparing base line to actual project stage, - Project Control [In General] small projects are controlled by project managers and for bigger projects it is controlled by project controller and reported to program manager, - Project Control [In General] is broad management knowledge and project manager is always responsible for Project Control, - Project Control [In General] focuses on project progress, quality, risks, resources, changes, etc… i.e., project characteristic, - Project Control [Accounting] is forward looking system of planning, monitoring & control of activities within organizational terms to archive goals, - Project Control [Accounting] analyze internal and external factors that affects profit/goals of project, - Project Control [Accounting] participates in consulting and advising project objectives at planning stage and organize and coordinate at substage of project and recommend adjustments, - Project Control [Accounting] creates transparency and flexibility to project for analyzing planning and control, - Project Control [PMBOK] controls and monitors project, performs integrated change control, validate project scope, control project scope, control project schedule, control cost [Earned Value Management], Control project quality, Control project communications, Control project risks, Control project procurement, Control stakeholder engagement, - Project Control [PMBOK] each stage/group is a project within itself and they have start, planning, monitoring, control and end process - Project Control [Planning] consists of Project implementation planning, Project scope planning, Activity planning, resource’s planning, Organization planning, Project cost planning, Project Scheduling, Project budget planning, - Project Control [Monitoring] compares actual data to base line plan to determine deviations, Analyse and document deviations - Project Control [In-action] defines and plan responses, then decide on responses and delegate responses, - Project Control [Execution] control cycle gives better understanding project’s planning, monitoring, control and execution. Project manager at planning stage deals with various deliverable and tasks through controlling he executes these tasks to team and team executes these tasks and the results achieved will be compared to project monitoring activities with planned values. Those outcomes become project plan and these processes continues till project completion, - Project Control [Execution] is a separate process happening between planning and closure stage of each project and its process with two main elements Monitoring and Control, - Project Control [External] takes place outside project like portfolio management which control entire project of organization and report interrelates issues and cross project with appropriate controlling measures, - Project Control [Internal] takes place within project most of the time managed by project managers, - Project Control [Internal] based on project schedule Project Manager decides tasks allocation, - Project Control [Internal] by comparing actual value to targeted value new target value is obtained and it is compared to baseline value, greater difference leads to deviation analysis which may change project schedule, - Project Control [Comparison] Traditional Cost analysis is actual cost performed vs planned costs at reporting date, - Project Control [Comparison] Baseline vs Actual cost requires cost & time information with work performed report to obtain full statement and backed up by gantt chart whose progress bars gives clarity, - Project Control [Comparison] Project Baseline is original plan consists project scope, cost & schedule which is frozen after planning and before project execution where Project Schedule is a live and ongoing document till project closure, - Project Control [Comparison] Baseline values refers to values of frozen plan which applies to whole project, Actual value refers to actual cost which can be obtained from records from past till now, Remaining Values refers to remaining cost (till project completion), Forecast Values (Scheduled Value) is sum of actual coast and remaining value which defines future plan from that point ![[Earned Value Management in Simple Points.png]] Project Control [Earned Value Management] goal is to, - define project performance baseline - measure, analyze and represent the performance of project - show schedule against budget deviations during project execution - predicts project completion time and final project cost To be expert in EVM, please refer our article _"In-Depth Project Approach using Earned Value Management..."_ (coming soon).