Industry research shows that in 2002, U.S. spending on IT projects was $780billion. It was estimated that 68% of these projects were not delivered on schedule or on budget, and a majority didn’t track benefits after implementation. The Trinidad and Tobago experience is similar and these is a high percentage of projects that failed because of a lack of adequate monitoring.
Frederick’s Financial and Technical Services has designed this interactive workshop to provide you with proven tools and techniques to monitor and control projects to ensure project success. Attention will be given to the importance of designing and implementing a control system. The materials presented are based on industry best practices, refer to the Project Management Body of knowledge (PMBOK) and draw upon the instructor’s experience in managing projects.
Successful completion of this workshop will enable participants to:
- Design monitoring and control systems for their projects
- Monitor projects, determine and analyze project variances and recommend corrective action as required
- Manage and control change throughout a project
- Exercise project control over resources, time, cost and risk
- Manage stakeholder expectations and project communications
- Prepare performance and other reports
- To equip participants with the most important project management skills, tools and techniques they need to design and implement monitoring and control systems for their projects
- To enable participants to monitor projects, determine and analyze project variances and recommend corrective action as required
- To enable participants to exercise project control over resources, time, cost and risk
- To enable participants to manage and control change throughout their project
- To enable participants to manage stakeholder expectations and project communications
- To enable participants to prepare performance and other reports
This two-day workshop targets technical officers, team leaders and supervisory personnel who are involved or plan to be involved in executing, monitoring or controlling projects, and who are interested in learning advanced concepts that can help them to improve their performance in this area.
- Key terminology explained
- Project baseline development inclusive of indications
- Establishing the project control system
- Designing the reporting system
- Monitoring project implementation and taking corrective action
- Managing project teams
- Reporting using the various tools and techniques of project monitoring and control