Determining Project Progress and Results Chapter 14 Contemporary Project Management Kloppenborg © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Chapter Vignette Duke Energy • Fundamental reason for determining project progress and results: Presenting actionable, decision-making information to project leaders • Many Duke Energy projects are related to SmartGrid efforts to change the way the electric utility system delivers power • Utility set the standard for its industry by completing over 90% of projects on time and within budget © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Chapter Vignette Duke Energy • Managing the entire group of projects as a portfolio is paramount • Present valuable decision-making data to resource and leadership groups What are the key factors for your project? Who needs the project progress data? What do they need to know to make good decision? © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. At the end of this chapter… • Develop and demonstrate use of a change control system • Demonstrate how to monitor and control project risks • Create and present a project progress report • Describe project quality control terms and tools • Use earned value analysis to calculate current and future project progress • Document project progress using MS Project © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Five Aspects of Project Determination • “Determine” can mean: 1. to give direction to or decide the course of; 2. to be the cause of, to influence, or to regulate; 3. to limit in scope; 4. to reach a decision; 5. to come to a conclusion or resolution. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. The PM and Decision Making The project manager may need to 1. personally make decisions 2. be part of a group that makes decisions 3. delegate decision making to others 4. facilitate the process by which the decision is made. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Project Balanced Scorecard Approach • An organization needs to be evaluated along customer, internal business, financial, and growth/innovation perspectives. • Different aspects of a project are often interrelated and their impacts on each other need to be considered. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Balanced Scorecard Approach to Project Determination © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Internal Project Issues • Project work and risks form the project’s internal issues • Project managers deal with these issues by: – – – – – Directing and managing project execution Monitoring and controlling the project work Performing integrated change control Monitoring and controlling project risks Reporting project performance © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Direct and Manage Project Execution • Empower others when possible control others when necessary • It should be clear who is allowed to authorize work to commence • The project management plan identifies work to be accomplished • The PM or his appointee must tell someone when it is time to perform the work. Direct and manage project execution – “the process of performing the work defined in the project management plan the project’s objectives.” PMBOK® Guideor posted © to 2012achieve Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, to a publicly accessible website, in whole or in part. Sources of Work to be Performed • The work package level of the work breakdown structure. • Approved corrective actions • Preventive actions • Defect repairs © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Aids to Project Tradeoff Decisions • Well-developed project charters • Effective stakeholder management • Clear communications © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Monitor and Control Project Work Monitor and control project work – “the processes required to track, review, and regulate the progress to meet the performance objectives of the project plan.” PMBOK® Guide Monitor – “collect project performance data with respect to a plan, produce performance measures, and report and disseminate performance information.” PMBOK® Guide Control – “comparing actual performance with planned performance, analyzing variances, assessing trends to effect process improvements, evaluating possible alternatives, and recommending appropriate © 2012 Cengage Learning. All Rights Reserved. May not be PMBOK® scanned, copied or duplicated, or posted corrective action when needed.” Guide to a publicly accessible website, in whole or in part. Monitor and Control Project Work • A smart PM keeps an eye on many things that can indicate how well the project is doing and is prepared to act if necessary to get the project back on track What metrics to keep What to measure How to report results Variance – “a quantifiable deviation, departure, or divergence away from a known baseline or expected value.”PMBOK® © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted toGuide a publicly accessible website, in whole or in part. Monitor and Control Project Work • • • • Happens continuously throughout the project Activities occur in parallel with project execution Activities need to be timely Allow workers to self-control their work where possible © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Types of Project Control • Steering control - on a continual basis, the work is compared to the plan to see if progress is equal to, better than, or worse than the project plan • Go/no go control - requires a project manager to receive approval to continue. • Recommendations can include corrective actions, preventive actions, and defect repair © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Results of Monitoring and Controlling 1. If the actual progress is very different than the original intent, perhaps the project charter needs to be revisited to ensure that the project still makes sense. 2. If progress is somewhat different than planned, but the charter is still a good guide, perhaps the project plan needs to be adjusted. 3. If the project plan is still a useful guide, perhaps minor adjustments need to be made in day-to-day instructions within the project executing stage. 4. Finally, if the results indicate the customer is ready to accept the project deliverables, perhaps it is time to proceed into the project closing stage. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Results of Monitoring and Controlling a Project © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Perform Integrated Change Control • The decision to approve the proposed change needs to be made by the correct person or group. Change control – “identifying, documenting, approving or rejecting, and controlling changes to the project baselines.” PMBOK® Guide © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Perform Integrated Change Control Integrated change control “the process of reviewing all change requests, approving changes, and managing changes to deliverables, organizational process assets, project documents, and project management plan.” PMBOK® Guide Change control board – “a formally constituted group of stakeholders responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project.” PMBOK® Guide © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Risk • A risk management plan is used to guide risk monitoring and controlling activities. • A risk register is used to record each identified risk, its priority, potential causes, and potential responses. • The risk management plan and risk register are used to monitor and control project risks and to resolve them when they occur. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Monitoring and Controlling Project Risk • Consider multiple responses to a given risk • For previously identified risk events: – Track the identified risks – Execute the response plans – Evaluate their effectiveness. Monitor and control risk – “the process of implementing risk response plans, tracking identified risks, monitoring residual risks, identifying new risks, and evaluating risk processes throughout the project.”PMBOK® Guide © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Resolving Project Risks • Unanticipated risks may materialize • Recognize that unknown risks may surface and add contingency time, budget, and/or other resources to cover these unknowns © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Risk Event Resolution Strategies © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Distribute Information Distribute information – “the process of making relevant information available to project stakeholders as planned.”PMBOK® Guide • Determine project information needs • Establish an information retrieval and distribution system • Collect information on executed work and work in progress • Report progress to all stakeholders. Distribute the right project information, to the right © 2012 Cengage Learning. All Rights in Reserved. May not format, be scanned, at copied or duplicated, or posted stakeholders, the right the right time to a publicly accessible website, in whole or in part. Determine Project Information Needs • Communicate accurately - Be factually honest, but also present information in a manner that people are likely to interpret correctly. • Communicate promptly - Provide the information soon enough so that it is useful to the recipient. • Communicate effectively - effectiveness is the extent to which the receiver opens, understands, and acts appropriately upon the communication. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Establish Information Retrieval and Distribution System • Project information can be retrieved from many different sources • Project information can be distributed via many systems 1. Target the communications. More is not better when people are already overloaded. 2. Many methods are available, and the choices change rapidly. Use new methods as they help, but do not discard proven methods just for the sake of change. 3. Projects often have many stakeholders who need specific information. Use your communications plan and always keep asking if there is any other stakeholder in need of upward, downward, or sideways communications. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Active Listening • • • • Focus on what the person is saying Ask clarifying questions and paraphrase Make eye contact and use eager body language Make an effort to understand the meaning of the message and the emotions the communicator is feeling • Orally confirm what has been heard • Follow up with an e-mail for documentation. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Collect Information on Executed Work and Work in Progress • How well is this particular activity proceeding in terms of time and budget? • How well is the entire project proceeding in terms of time and budget? • How much more money will need to be spent to finish? • To what extent does the quality of this work meet requirements? • How many hours of human resource time have we used to complete this activity compared to how much we estimated? • What methods that we have used are worth repeating? • What methods that we have used need to be improved before we do that type of work again? • What evidence supports the answers to the above questions? © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Report Performance • Meetings, reports, feedback received, and documentation. • At fixed time intervals or at key project milestones • Within the project team and to functional managers who control resources Report performance – “the process of collecting and distributing performance information, including status reporting, progress measurements and forecasting.” PMBOK® Guide © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Report Performance • Report weekly or even daily on a project with critical time pressure. • Emphasis should be on specifics • Report the target date, current status, and what other work or information on which progress depends • Update the risk register and issues logs • Consider recommended changes © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Time Horizons for Project Performance © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Customer Issues • Quality assurance • Quality control Perform quality assurance – “the application of planned, systematic quality activities to ensure that the project will employ all processes needed to meet requirements.” PMBOK® Guide © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Quality Assurance • Project manager ensures that work is performed correctly and that key stakeholders are convinced that the work is performed correctly • Project quality assurance includes conducting quality audits and improving project processes © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Audit • A review of documented procedures and actual practice • Audits are undertaken to improve the manner in which work is accomplished • An audit begins with a review of the official documentation of how a process should be performed • Interview the workers and have them explain (or better yet—demonstrate) how they perform the work • Records are investigated to see if the documentation is complete and current © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Auditors Data 1. Documentation of how the work is supposed to be done 2. Descriptions of how the work is actually done 3. Documentation to verify how the work was completed • Project quality audits can be a fruitful source of lessons learned. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Process Improvement • Processes can be measured for both efficiency and effectiveness • A more efficient process uses fewer inputs to create the same amount of outputs • A more effective process is one that creates higher quality deliverables that better please the stakeholders. Process – a set of interrelated actions and activities performed to achieve a specified set of products, results, or services. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Avenues for Improving Project Processes • Interpret the results from quality control measurements • Feedback from customers, suppliers, work associates, and other stakeholders • Benchmarking is a structured consideration of how another organization performs a process © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Steps to Benchmarking 1. Determine a process that needs dramatic improvement. 2. Identify another organization that performs that process very well. 3. Make a deal with that organization to learn from them 4. Determine what needs to be observed and what questions need to be asked. 5. Make a site visit to observe and question the other organization. 6. Decide which observed methods will help the organization. 7. Adapt the methods to fit the organization’s culture and situation. 8. Try the new methods on a small scale. 9. Evaluate the results. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted If the methods good enough, adopt them. to10. a publicly accessible website, are in whole or in part. Quality Control • Quality control deals with comparing specific project measurements with stakeholder’s standards • Quality control purposes: – To reduce the number of defects and inefficiencies – To improve the project process and outputs © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Quality control consists of… • • • • • • • Monitoring the project to ensure that everything is proceeding according to plan Identifying when things are different enough from the plan to warrant preventive or corrective actions Repairing defects Determining and eliminating root causes of problems Providing specific measurements for quality assurance Providing recommendations for corrective and preventive actions Implementing approved changes as directed by the project’s integrated change control system. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Monitor the Project Quality • Focus on inputs, processes, and output • Ensure that the materials, information, and other inputs provided meet the required specifications and will work satisfactorily • Minimize rework which wastes time and money • Use internal inspection to ensure the deliverables work before they are sent to the customer © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Lessons Regarding Project Inspections • Inspect before a critical or expensive process to make sure the inputs are good before spending a large amount of money or time on them. • Process steps where one worker hands off work to another worker are good places for both workers to inspect. • Milestones identified in the project charter provide good inspection points. • Think of inspection in terms of units (individual components), integration (how components work together), and the system (how the deliverable as a whole performs). © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Pairs of Project Quality Control Terms © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Quality Control Terms • Prevention vs. Inspection - keeping errors out of a process vs. trying to find errors so they do not get to the customer • Sample vs. Population - big enough sample to be representative of the population, small enough sample that it is cost and time effective • Attribute vs. Variable - An attribute is a yes or no test; a variable is something that can be measured © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Quality Control Terms • Tolerance vs. Control Limit - A tolerance limit is what the customer will accept; A control limit reflects what the process can consistently deliver when things are behaving normally • Special vs. Common cause - Special causes are statistically unlikely events that mean something is different than normal. Common causes are normal or random variation that is considered part of operating the system at its current capability. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Quality Control Terms • Preventive vs. Corrective Action - Preventive action is a proactive approach of making a change because a problem may occur otherwise. Corrective action is a reactive approach of making a change to fix a problem that has occurred © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Project Quality Control Tools © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Quality Control Tools • Flow chart - flow charts can be used to show any level of detail from the overall flow of an entire project down to very specific details of a critical process • Check sheet - Decide exactly what data will be useful in understanding and controlling a process and create a form to collect that information • Pareto chart - Quickly understand the primary causes of a particular problem using the 80/20 rule, where 80 percent of defects often come from only about 20 percent of all the sources. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Estimating Project Cost Flow Chart © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Check Sheet for Labor Cost Estimating © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Pareto Chart of Labor Estimating Process Problems © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Quality Control Tools • Cause and Effect diagram – (a.k.a. the fishbone diagram because it resembles a fish skeleton and the Ishikawa diagram after its developer ) constructed with each “big bone” representing a category of possible causes. • Histogram • Run chart • Control chart © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Pareto Chart Cause and Effect Relationship © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Histogram of Impact of Number of Days to Create Estimate © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Run Chart Example © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Control Chart Example © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Financial Issues • Cost and schedule are so closely related that they are monitored and controlled at the same time. • Cost and schedule are financial issues. • Start with the approved cost and schedule baseline. • Determine current status of the schedule and cost. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Financial Issues • Methods for controlling cost and schedule include – Earned value management – Project scheduling software (MS Project) • If the schedule or budget has changed by a preagreed amount, changes should be formally recommended and managed through the integrated changes control system. • Cost control requires consideration that no more money is spent than the amount authorized. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Earned Value Management • A decision-making tool for examining how a project is doing at a given point in time • Allows a project team to understand their project’s progress in terms of cost and schedule • Team may make predictions concerning the project’s schedule and cost control • Allows for quick assessment of how the project is doing according to the baseline plan Earned value management – “a management methodology for integrating scope, schedule, and resources, and for objectively measuring project performance progress.” © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copiedand or duplicated, or posted to aPMBOK® publicly accessible website, in whole or in part. Guide Earned Value Management Terms • Cost and schedule are considered independently • Earned value terms deal with only 2 time frames © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Earned Value Management Example Using EV Management Terms © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Currently Known Values Planned value (PV) – “the authorized budget assigned to the scheduled work to be accomplished.….” PMBOK® Guide Earned value (EV) – “the value of completed work expressed in terms of approved budget assigned to that work.…” PMBOK® Guide Actual cost (AC) – “total costs actually incurred and recorded in accomplishing work performed during a given time period.…” PMBOK® Guide Budget at completion (BAC) – “the sum of all budgeted values established for the work to be performed on a project.… The total planned value of © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted the project..” PMBOK® Guide to a publicly accessible website, in whole or in part. Variances Schedule variance (SV) – “a measure of schedule performance on a project. It is …EV minus PV.” PMBOK® Guide SV EV - PV Cost variance (CV) – “a measure of cost performance on a project. It is … EV – AC.” PMBOK® Guide CV EV - AC © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Indexes Schedule performance index (SPI) – “a measure of schedule efficiency on a project. It is … EV divided by PV.” PMBOK® Guide SPI EV/PV Cost performance index (CPI) – “a measure of cost efficiency on a project. It is …EV divided by AC.” PMBOK® Guide CPI EV/AC © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Estimates • Use past performance to estimate future performance Estimate to complete (ETC) – “the expected cost needed to complete all the remaining work for … the project.” PMBOK® Guide ETC (BAC - EV)/CPI Estimate at completion (EAC) – “the expected total cost of … the project when the defined scope of work will be completed. It is AC plus ETC.” PMBOK® Guide EAC AC ETC © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Using MS Project to Monitor and Control Projects 1. What makes a schedule useful 2. How MS Project recalculates the schedule based upon reported actuals 3. Current and future impacts of time and cost variances © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. What Makes a Schedule Useful? • Three sets of data including dates, duration, work, and cost 1. The Baseline set (Baseline Start, Baseline Finish, Baseline Duration, Baseline Work, and Baseline Cost) - a copy of the stakeholder approved scheduled values. Also called the planned schedule. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. What Makes a Schedule Useful? 2. Past actual time and cost results—the Actual set (Actual Start, Actual Finish, Actual Duration, Actual Work, and Actual Cost). Actual set, sometimes called performance data. • What actually happened as reported by the resources assigned to activities. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. What Makes a Schedule Useful? 3. Future estimated time and costs—the Scheduled set (Start, Finish, Duration, Work, and Cost fields). Scheduled values are used or calculated by MS Project. • Values are continuously recalculated as activities and estimates are entered, as the project network is defined, as resources are assigned and balanced, and as actuals are entered. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. How MS Project Recalculates the Schedule Based on Reported Actuals • MS Project copies data entered into Actual fields into Scheduled fields • MS Project recalculates future activity schedules based on past activities and future estimates © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Impacts of Time and Cost Variance 1. Time and cost performance variances from baseline 2. Critical path changes 3. Resource allocation issues 4. Emerging risks 5. Remaining contingency and management reserves 6. The impacts of proposed changes. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Define the Performance Update Process • Who reports? – All team members and suppliers assigned to activities that were scheduled during the past reporting period – Any resource wanting to change the estimate of a soon to start activity • What is reported? – Actual Start, Actual Finish, Actual Duration Complete, and Estimated Remaining Duration – Estimated Remaining Duration and Actual Finish are the two most important values collected © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Define the Performance Update Process • When to report? – Status Date is usually driven by the date of the stakeholder review meeting and the time needed to make adjustments before that meeting. – Publish the day of the week (Status Date or As of Date) for reporting, as well as the frequency. • How to report? – List of team members current assignments – Previously reported actuals—start, completed duration, and remaining duration—for those assignments. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Steps to Update the Project Schedule Step 1: Acquire the Performance Data • Duration-based data. • Collect the date when the assignment started, how much duration is now completed, how much duration remains, and the actual finish date (if finished). Step 2: Set the Status Date (As Of) • Project-Properties-Project Information • Status date – enter the status date • OK © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Display Status Date © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Steps to Update the Project Schedule Step 3: Display the Status Date Line on the Gantt Chart • Format –Format – Gridlines – enter Gridlines • Line to change – Status Date • Type: solid line • Color: Darker Orange • OK © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Steps to Update the Project Schedule Step 4: Enter the Duration-Based Performance Data • Click Activity A • Task tab - Schedule group - Mark on Track © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Steps to Update the Project Schedule Steps to Update the Project Schedule Gantt Chart View with Actuals Applied Steps to Update the Project Schedule Step 5: Re-schedule Remaining Work • Click on Activity D • Project – Status group – Update Project • Update Project dialog – Reschedule uncompleted work • Select Activity – Update tasks • Enter Status Date • Click on Selected tasks • Repeat for Activity F © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Gantt Chart with Remaining Work Rescheduled • Step 6: Revise Future Estimates © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Replanning if Necessary • Use the integrated change control system to understand the impact of proposed changes to secure approval to make the change What kinds of changes might we make in response to the problems? Does the approval for a change need to be escalated to higher management? • A person who escalates minor decisions may seem weak and indecisive • A person who fails to escalate major decisions exhibits poor judgment © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Summary • A project manager needs to understand how changes in one area might impact another area • Project managers need to monitor and control project activities • Adjustments to projects that may have a sizable impact will be processed through the project’s integrated change control process. • Potential changes will be proposed, approved/ disapproved, documented, and the approved changes will be implemented. • A risk register is maintained to keep track of active risks, whether the risk events transpire, and how they are handled. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Summary • Project managers need to control project aspects that are subject to potential tradeoffs—scope, quality, cost, and schedule. • The project manager seeks to understand how a change in one project aspect will impact the others • Quality control tools are used to understand what the quality level is, where problems may exist, what the root causes are for problems, and how to improve the project processes so the problems do not reoccur. • Earned value management and MS Project are both quite helpful in understanding, documenting, and improving upon cost and schedule progress. © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. D. D. Williamson’s Rules for Project Control • Face-to-Face Meetings – report to GOT 1/mo. – Deadline pressures – Sponsors report – Reaffirm purpose and scope • PMO – weekly updates/monitoring – – – – What has happened with project? What is going to happen in the next 2 weeks? Possible/proposed changes Revisit major risks PM in Action Example © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. D. D. Williamson’s Rules for Project Control • GOT – All GOT members talking with PM face-to-face any time they are at each plant PM in Action Example © 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.