AGENDA Current Events Control Systems CURRENT EVENTS PLANNING, MONITORING, CONTROLLING CYCLE PROJECT CONTROL Fundamental purposes of project control… Three types of control processes… Comments on the design of control systems… FUNDAMENTAL PURPOSES OF PROJECT CONTROL Regulation of results through alteration Comparing results against standards Taking corrective action Stewardship of organizational resources Physical assets… Human resources… Financial resources… PHYSICAL ASSETS Use of physical assets Who can use what for what purpose Maintenance of physical assets Take care of your equipment Your equipment will take care of you Minimize interference of maintaining equipment with using the equipment Shutdowns HUMAN RESOURCES Wide experience gained in a short period of time Appointment Appraisal Development Retention FINANCIAL RESOURCE CONTROL Probably already in place by the organization Controller Audits Due diligence of practices that can affect the project Investigation Verification Disclosure THREE TYPES OF CONTROL PROCESSES Cybernetic control… Go/No go control… Post control… CYBERNETIC CONTROL Automatically operating control cycle Software Monitors Compares Notifies project manager of deviations GO/NO GO CONTROL Specified in project contract Does a specific precondition exist Benefits have been achieved Market changes Personnel departures Funding gates Penalties POST CONTROL After the fact Locking the barn door after the horse is gone Condemned to repeat the past Stand alone document Project objectives Milestones, checkpoints, budgets Project results Recommendations for project performance and process improvement COMMENTS ON THE DESIGN OF CONTROL SYSTEMS Flexible Cost effective Responsive Simple to operate Easy to maintain Ethical Types of control systems… TYPES OF CONTROL SYSTEMS Control charts Cost, value, progress to time Expenses to time Progress to cost Benchmarking Comparisons to “best in class” Comparison of specific like activities across industries