CEM_UNIT-3
CEM_UNIT-3
engineering and
Management (18CEC24)
UNIT-3
PLAN
MONITOR
CONTROL
Aspects need to be monitor and
control
Schedule/time/progress
Cost
Quality
Safety
Introduction
Reports
Actual vs planned bar charts
Activity status reports
Report on critical activities, slipping tasks ,mild stones achieved.
Report generating is an important task in project management
Cost control
Steps
Observe the cost expended for an item, an activity or a group of
activities
Compare it with available standards e.g. tender estimate or schedule
of rates
Compute the variance between observed and standard, signalling a
warning sign immediately so that timely action is initiated
Updating
Administration expenses
Depreciation
Loss of profit
Loss of revenue and penalty
Expenses which cannot be
associated or assigned to any
individual activity of a project
Indirect cost increases with
duration
Loss of profit and penalty
comes under outage cost
Cost slope