Fundamentals of Project Monitoring and Control

This free online course on the Fundamentals of Project Monitoring and Control will begin by discussing the importance of monitoring the progress of a project. You will learn about project reporting structures, as well as how to assess the progress of a project. You will learn about different aspects of project monitoring and control, as well as why it is important to collect the progress details of a project such as achievements and cost. You will also learn how to visualize work schedules using Gantt chart, slip chart, and timeline chart.

This course will then discuss the concepts of earned value analysis and baseline budget. You will learn about monitoring earned value which involves calculating the performance statistics based on schedule variance (SV), time variance (TV), cost variance (CV) and performance ratios. You will learn about the two commonly tracked performance ratios which are cost performance index (EV/AC) and schedule performance index (EV/Pv).

Lastly, this course will teach you about activities that need prioritizing which include critical path activities, activities with no free float, activities with less than a specified float, as well as high-risk activities and activities using critical resources. You will learn about change control and software configuration management, contract management as well as the stages in contract placement. You will also learn about project closure. Start this course today and improve your knowledge of project monitoring and control.