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Project Performance Improvement Skills
K T Madhusudan
16 episodes
1 day ago
Pick up project management knowledge on the go as you listen to these podcasts & take your project performance to the next level!
Show more...
Management
Business
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All content for Project Performance Improvement Skills is the property of K T Madhusudan and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Pick up project management knowledge on the go as you listen to these podcasts & take your project performance to the next level!
Show more...
Management
Business
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How do you know if your project is out of track & the remedy?
Project Performance Improvement Skills
3 minutes 43 seconds
4 years ago
How do you know if your project is out of track & the remedy?

First indications are your schedule slipping & your cost going into overrun. Earned Vaue Management data is useful to track these figures. Here Cost Variance & Schedule Variance on the date of assessment will indicate cost and/ or schedule slippage. Estimate to complete, ETC & Estimate at completion, EAC are also good data for assessment  

Cost variance can be due to Scope creep, or escalation in material cost from estimate. Check assumptions of output for labour material plant & revise assumptions n estimate . Redo project estimate. Redo the WBS & get buy in from stakeholders.

 For Schedule delay look at doing more parallel activities  

Persistent delay could be due to poor risks management. Rework the risks analysis with a more elaborate effort to not miss all the possible risks. Keep tracking old & adding new risks at regular intervals, maybe once a month.      Looking for better project delivery? Open https://pmw.net.co/online-webinar/?nm=confirmed&nk=121-fca1056b6b ,   and also watch a video on a project issue too! 

Project Performance Improvement Skills
Pick up project management knowledge on the go as you listen to these podcasts & take your project performance to the next level!