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If something bad is going to happen on a project, it’s likely related to time, cost or scope. Project managers are well aware of this and spend much of their project planning efforts to avoid negative risk and its potential impact. There are many project management tools that can help with risk management, but it also takes skill in a concept called project controls.
Project controls are a set of tools, techniques and processes that are used together to help project managers measure and control the six project constraints: time, cost, scope, quality, risk and resources. Think of project controls as the mechanism that helps project managers keep a project on schedule and within budget while meeting quality standards. Project controls address the following:
Project controls are set up throughout the project life cycle and can take many forms. In simple terms, project controls are all the metrics and processes that measure and track any of the aspects listed above. You can establish project controls by using traditional project management techniques like a RACI matrix, a work breakdown structure (WBS), the critical path method (CPM) or even a project charter.
Or you can try project management software like ProjectManager. With ProjectManager, you can use project planning tools such as Gantt charts, kanban boards and project dashboards, which are ideal to set up project controls. With such a powerful tool, you can collect project data, find trends and issues, report on project progress, filter for the critical path and then put what you’ve learned into practice for better project management. Get started for free.
While project controls might sound similar to what project management does, the scope of project management is much broader. As their name implies, project controls only help project managers track or control project constraints. Project management goes beyond just tracking, it covers all the tools, techniques and methodologies for planning, executing and tracking projects.
We’ve been discussing project controls in the abstract. We know what they are and why they’re important, but what about applying them to real-life project management? As noted, they fit into every aspect of the project life cycle. Let’s take a closer look to see how project controls work.
Project controls are needed at the beginning of the project, as you make your schedule, assemble a team, break down tasks, identify stakeholders and figure out the project objective. It’s in the estimation of costs and duration of the project where controls are essential. These two constraints are some of the greatest risks to your project and they’re key to making accurate estimates.
Executing the project means keeping the team focused to prevent slipping off schedule and imploding your budget. This requires accurately monitoring and tracking your progress.
Project controls act as a means to identify when there are problems and bottlenecks. Whether balancing resource allocation to match team capacity or quality issues, you need project controls to break down data on the team’s hours worked against the budget spent and more to see where there are problems and resolve them quickly.
The end of the project isn’t marked by successful deliverables and satisfied stakeholders, of course. There’s a lot of paperwork to tie up, teams to relinquish or reassign and, naturally, project controls to gather information on performance. This last piece of housekeeping before putting the project on the shelf reveals what worked and what didn’t, so the next project can improve.
The scope of project controls is large in a project: that alone should signify its importance. The purpose of a project manager is to control the project, from its inception to completion. Managing is part of the job title, and project controls are just another means to that end.
In fact, project controls are key to a strong project plan. Before execution, a solid plan must be in place, and project controls help align the project with the larger strategic goals of the organization. This means saving the project and the organization time and money.
Furthermore, project controls help answer important questions about the project. For example, how much will the project cost, how long will it take to complete and what is the value or quality that the project will deliver?
Project controls are a combination of many things. But you can break them down into two groups: project management tools and people. The tools will be addressed in the next section. For now, let’s focus on the people: the project manager and the project team.
As noted, project controls are about managing project scope, cost and timeline. That means, having the right project manager, project team, data and review and change management in place. The team should be staffed with skillful and experienced workers who have expertise and knowledge in how to do the work assigned to them.
Project team members are often the first set of eyes on issues that arise in the project. A project manager is only as good as the team they lead. Both project managers and team members must always be alert to project scope, one of the main culprits for projects losing control.
As stated above, establishing project controls is very important for a successful project manager. That’s why we’ve created dozens of project management templates that can help you with this process. Here are some of them.
A work breakdown structure (WBS) is the perfect tool to break down the project scope and split it into small, manageable tasks. Once you know the tasks you need to execute, you can proceed to create project controls to track the time and money needed to execute them.
Once you have a clear picture of your project scope, you’ll need to estimate costs and create a project budget. Project budgets set a limit for spending, which makes them ideal to monitor costs and establish project controls.
Time is one of the most important project constraints and one that will need project controls. This project timeline template helps you define what your project schedule will be and establish project controls accordingly.
Source: ProjectManager
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