project management 265

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Instructions

Project Monitoring and Control Process Plan

You created a Project Budget in Unit IV for building a five-bedroom house in Ashburn, VA. Next, in Unit V, you created a Project Schedule for the same house-building project. Then, you developed a Project Communication Plan for your sponsor and stakeholders in Unit VI.

Now, assume that your building project is two months behind and has a $100,000.00 cost overrun. This should not be a surprise to you because of the monitoring processes. Identify and discuss some of the monitoring processes that could have alerted you of the schedule and cost problems. What are some of the controlling steps you would take to bring both the schedule and the cost back on track? Be sure to justify your answers.

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