project control

Project control (often referred to as project monitoring or project tracking) is the process performed to observe project execution in order to identify potential problems and/or opportunities in a timely manner such that corrective actions can be taken when necessary. The key benefit is that the current project status is observed on a regular basis, which enables the calculation of the project performance variance that is equal to the gap between actual performance and the baseline schedule. Since the current project performance is measured by variances from the project management plan, the baseline schedule plays a central and unambiguous role during the project tracking process.