The first step is to assess whether the delay in completing this task has had an impact on the project as a whole. If this is the case, the project manager should examine the causes that led to the inability to complete the task within the allotted time.
The periodical management method allows companies to analyze how many periods they have available at the start and end of the project management process. In turn, this helps analyze and plan resources (inventory control, stock level and order points).
The variation in parameters of cost and risk in project management are obtained by Monte Carlo methods
A company is based on two main cornerstones: productivity and efficiency. Employees who perform poorly affect the results and costs of the whole company. Hence, controlling performance and the hours of the employees they are responsible for should be a priority for any project manager.
There are two main control variables available to the Project Manager during the course of a project: hours and progress. These two variables enable us to apply Earned Value Management principles and thus gain insight into project performance at any time.
