This chapter deals mainly with the monitoring function of the Project Manager (PM), the Chief Systems Engineer (CSE), and the Project Controller (PC), as previously depicted in Figure 2.1 in Chapter 2. A key element of this function is to continuously review and analyze the status of the project with respect to schedule, cost, and performance. In this chapter, we focus on schedule and cost, leaving technical performance to the systems engineering chapters. As shown in Figure 2.1, once a problem area is discovered, feedback is provided to the project team, which, together with the project triumvirate, will analyze the issue in greater depth in order to define and implement corrective action.

Monitoring of a project is often used synonymously with the word ''control.'' Indeed, the PM does in fact attempt to control the project, steering it through times of difficulty by continuous measurement and corrective action. Thus, in several other texts on the subject of project management [4.1, 4.2, 4.3], the reader will find many of the topics of this chapter listed under the heading of project control.

The last subject of this chapter deals with the topic of ''situation analysis.'' This is a procedure, defined herein, to be used both in real-world situations as well as in teaching the subject of project management. In effect, it is a minicase study of a situation that might arise on any given project. An example of how this procedure may be applied completes this chapter.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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