00:02
Yet again.
00:03
We've got the clue in the name.
00:06
The activities performed in the monitoring
and control phase are about just
that, analyzing the actual with the targets
so we can
understand through numbers if something is
not working fast enough or well
enough. Everything we've done so far has
been setting targets the scope
statement, the timelines, the budget plan,
and the quality requirements.
00:29
But we can't measure against targets if
they're not measurable.
00:33
In other words, we need metrics.
00:36
Remember the defect rate for the production
company we talked about in the quality
section where companies could set a 0.5%
tolerance for defective
products. That's a metric with a target and
the call center example where a
vendor would set a cases resolve target of
98%.
00:53
That's a metric with a target, too.
00:55
Or how about a construction company that
needs to meet preset safety
regulations? That's right.
01:02
These will be measured through metrics as
well.
01:06
Basically every target needs to be
measurable and comparable to the
actual. Imagine each task as a long, dark
tunnel
and you are traveling down the tunnel with a
carriage full of supplies that need to be
delivered by 5:00 pm.
01:22
You can see the light at the end, but have
no perception of how far down the tunnel
you are. You don't want to unnecessarily
drop supplies to increase your speed,
nor do you want to be late.
01:36
Monitoring and controlling the task not only
lights up the tunnel, but
also reveals a chart along the tunnel walls
detailing exactly how far you are from the
end. The only thing you have to do is use
predictions,
intuitions, calculations and experience to
determine if you are on
target or need to drop some supplies to
reach your objective on time.
01:59
You will need to frequently collect data on
your actual progress.
02:03
It will be predominantly your job as project
manager to do this,
but as with everything else, you can
delegate this to workstream leaders
as long as they update you regularly with
the progress.
02:16
Because that's right, the project manager is
the one accountable in the end.
02:22
Right. Variances can occur in any part of
the project, and it is how
the project manager controls these variances
that will make or break a project.
02:32
So join us in the next few lessons where we
will be discussing how a project manager can
analyze and control each area of the
project.
02:42
Thanks for watching.