fosco frongiaSenior project manager| ENTE PATRIMONIALE CHIESA GESU' CRISTO SUGFino Mornasco, Como, Italy
I was reading a nice article in the Elizabeth Harrin blog.
In this article Elizabeth 4 different tools:
- In the Initiation Phase, use cost estimates.
- In the Planning Phase (which they call Definition), use a budget.
- In the Execution phase, use cost monitoring.
- In the Closing phase, use financial evaluation.
Basically I work as described in this article. Particularly in the budgeting phase I tend to apply Pareto rules focusing my attention in the most important element, which I analyze in a deeply manner; and maintain a more basic cost estimate for the elements without a strong economical impact (in this case, when it is needed, I develop them in the execution phase.
I'd like to know if you work with a similar method or you use a different one.
in this last case, may you describe how do you work?
thanks Saving Changes...
Hello Mounir,
Absolutely right you are , in WBS method percentage progress of the project is looked at. Performance analysis based on percent progress may not be the most accurate , which I think is also not supported by the PMI .
In my first posting I have clearly stated that EVM , irrespective of the size of the project , is the best tool to analyse project performance.
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1 reply by fosco frongia
Mar 21, 2016 6:44 AM
fosco frongia
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thanks Krishna,
is it used for all project or for little ones only?
Saving Changes...
Thomas WalentaGlobal Project Economy ExpertHackenheim, Germany
fosco,
yes - if you do not really have risk management as in small projects, the contingencies are not managed explicitly, and hence all you need to control are the cost contained in work packages. In any case, you need the schedule to understand in which control period which cost are planned to occur.
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1 reply by fosco frongia
Mar 21, 2016 6:45 AM
fosco frongia
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thanks Thomas, this is the manner I proceed
Saving Changes...
fosco frongiaSenior project manager| ENTE PATRIMONIALE CHIESA GESU' CRISTO SUGFino Mornasco, Como, Italy
Mar 20, 2016 8:20 AM
Replying to Krishna Bhimarao Khasanis
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Hello Mounir,
Absolutely right you are , in WBS method percentage progress of the project is looked at. Performance analysis based on percent progress may not be the most accurate , which I think is also not supported by the PMI .
In my first posting I have clearly stated that EVM , irrespective of the size of the project , is the best tool to analyse project performance.
thanks Krishna,
is it used for all project or for little ones only? Saving Changes...
fosco frongiaSenior project manager| ENTE PATRIMONIALE CHIESA GESU' CRISTO SUGFino Mornasco, Como, Italy
Mar 20, 2016 8:25 AM
Replying to Thomas Walenta
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fosco,
yes - if you do not really have risk management as in small projects, the contingencies are not managed explicitly, and hence all you need to control are the cost contained in work packages. In any case, you need the schedule to understand in which control period which cost are planned to occur.
thanks Thomas, this is the manner I proceed Saving Changes...
