industrial project controlling

Project control is a best practice project management technique, and it involves a formally structured and integrated approach to the management of a project.  High-performing companies can realistically reduce cost and schedule by up to 30 per cent by applying integrated project control techniques consistently across their projects.

Project control is the primary means by which a Project Manager can effect discipline, predictability, and consistency in order to ensure maximum project certainty and success. This integrated approach enables better definition of the scope, cost and time schedule, whilst potential problems can be addressed before they impact on the agreed project goals.

As projects become more complex, their effective management becomes more significant to a satisfactory outcome. The success of the project control will be a major determining factor for the success of the project. Thus competent project control capability should be established at the outset of a project, before the appointment of design, engineering or construction capability.

 

The key elements of project control:

• Work Breakdown Structure
• Project Planning
• Cost Estimating
• Risk Assessment
• Performance Progress Measurement
• Change Control
• Cost Engineering/Cost Management
• Project Reporting

The major benefits of project control:

• It defines the standard by which the project cost, programme, and technical baseline will be maintained in compliance with the contract
• Accurate translation of scope definition and the development of the Work Breakdown      Structure (WBS) that defines tasks in discrete work packages
• Concise breakdown of work, scope and the organisation of project data
• The effective planning of project activities, timing and phasing
• The cost of risk priced in the cost estimate
• The management of a systematic cost control process
• The management of a formal change control system
• Early identification of cost and programme issues
• Accurate comparisons of actual project performance with the baseline plan.