A project is temporary in that it has a defined beginning and end in time, and therefore defined scope and resources. Project management is the application of knowledge, skill, and techniques to execute projects effectively and efficiently.
Project Control is a process for controlling the investment of resources in an asset. It is a subset of Project Management with the primary focus of managing the project’s cost and schedule. It provides perfect and appropriate information to project management team that will permit them to make informed decisions and takes essential actions to correct any probable adverse situations or trends.
Criteria for effective project control: There are many criteria for effective project control. These are as follows –
- Detailed project planning;
- Break the overall program into phases and subsystems;
- Result and deliverables;
- Measurable milestones;
- Commitment;
- Intra-program involvement;
- Project tracking;
- Measurability;
- Regular reviews;
- Signing on;
- Interesting work;
- Communication;
- Leadership;
- Minimize treats;
- Personal drive.
