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Fundamentals of Project Monitoring and Control

Free online course on project monitoring and control, earned value analysis, baseline budget, & performance statistics.

Publisher: NPTEL
This free online course on the Fundamentals of Project Monitoring and Control provides an in-depth understanding of how to prioritize and monitor projects. You will learn about how to visualize work scheduling using different charts as well as how to analyze earned value and baseline budget. You will also be introduced to contract management and project closure elements. Start this course today and learn more about project monitoring and control.
Fundamentals of Project Monitoring and Control
  • Duration

    10-15 Hours
  • Students

    341
  • Accreditation

    CPD

Description

Modules

Outcome

Certification

View course modules

Description

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.

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