As
described in earlier chapters, the control factors are the parameters along
which
projects
are reported on and directed. These factors also play an important role in
the
coordination of multiple projects:
Money: determining whether projects are financially
feasible
Organisation: arriving at
mutual agreements concerning the hierarchy among
projects
and between the projects and other departments
Quality: determining whether the
goals of a project are consistent with the strategy
of the
organisation
Information: establishing who will
report what about the project and when to the
management
team?
Time: estimating how many personnel will be needed
within a given period to
arrive
at a good distribution of workers across the project teams.
Before
the start of a project and after each project phase, a project leader should
provide
an estimate of the control factors for the rest of the project. The project
leader
also evaluates these factors as they have been implemented thus far after
each
phase. This information is transferred to a programme manager or the
management
team for decision-making purposes, usually in collaboration with the
project
leader and external parties (e.g. customers, financers). Several of the most
important
decision criteria are described below, particularly those that relate to the
coordination
of projects.
Money
The
evaluation of financial matters by a programme manager involves the following
issues:
·
Is the project as a whole, and the following phase
in particular, adequately
·
financed?
·
What are the possible financial risks of the
project? Should a go/no-go moment
·
be arranged?
·
What is the liquidity prognosis for the project?
Would a problem arise if the
·
income from a project were to arrive later than
the expenditures (e.g. if the
·
subsidy is
paid only after the completion of a lengthy project)?
(this article which originally written by me when I was
giving lectures in my institute for the students of project
management certification will continue in parts on my blog)