One of the biggest problems that can come up in a project is difficulties with vendors or contractors. Learn some rules to follow when working with vendors in order to avoid issues.
Monitoring and Controlling the Project
In PMBOK’s phases of project management, the third phase (Execution) and the fourth phase (Monitoring and Controlling) often feel as though they are one and the same. But, make no mistake – they are not, no matter what methodology you are using.
Although, they are tied extremely close together. In fact, it’s sometimes necessary when you reach Phase four to return to Phase two and begin planning again. However, it’s probably more realistic to look at phase three and four this way:
In Phase three, you execute your original project plan. But, it’s pretty rare that all of your project tasks are happening simultaneously. So, it’s quite possible that while you’re executing Task 2 (Phase 3), you’re monitoring Task 1 (Phase 4) to make sure the work is going according to the project plan (Phase 2).
Learn how to match your body language with your words to send the right message every single time. If you know how to read others’ body language correctly, you’ll know how to make the proper adjustments to your own. Mastering this skill is a win-win for career success.
The Project Management Body of Knowledge published by the Project Management Institute defines cost monitoring and controlling techniques used in the Project Cost Management knowledge area. Test your understanding of this topic with this fun, interactive quiz.