(Answered) Assignmentthe project managers success or failure will be

Management Studies

Assignment

The Project Manager's success or failure will be determined, ultimately, by the bottom-line.

For this assignment, comment on the following:

1) What are the tools and ways that project managers monitor and control projects?

2) What are good methods of monitoring?

3) How important is it to monitor the costs of a project?

4) When should a project manager intervene?

For Example:

Cost variation analysis is one way a Project Manager manages by exception. If a project task is projected to cost $1000.00 but the actual cost was $1002.00, should a Project Manager be concerned? $998.00? $1100.00? $775.00?

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Project Management, Management Studies

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