The Status Cycle
Project monitoring depends on a four-stage cycle that repeats (weekly for most projects) until the end of the project.
The first stage is inbound communication, status collection by the project leader.
The second stage of the cycle includes comparison of status data to the baseline plan and plan variance analysis. The data analysis also involves evaluation of project diagnostic metrics, including those used for earned value management.
The third stage is for project control, responding to any timing or resource problems using the processes of integrated change control, principally cost control, schedule control, and scope change control. When project variances are beyond your ability to remedy, promptly seek help from those ...
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