Project Controls is concerned with estimating of the initial baseline and creating performance metrics, determining the current status of the project, estimating future potential of the project, identifying any variances and considering appropriate action to be taken to recover any variance. Here variance refers to actual differences identified in project control documents and any variations from project threats, issues or opportunities. On this basis the component elements of Project Controls are about measuring and monitoring controlling the variables, these are principally time and cost aspects:

 

Project Control Management component elements 

• Planning and Scheduling

• Risk Management (includes identification & assessment)

• Cost estimating and management

• Reporting

• Scope and Change Management

• Earned Value Management

• Document Control

• Supplier Performance

• Maintaining the project baseline

 

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