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Chapter 17. Analyzing Progress and Revis... > Analyzing Variances and Revising the...

Analyzing Variances and Revising the Schedule

As you might recall, the initial project definition stage culminates in the development of what is commonly referred to as the project business plan, proposal, or statement of work. In this all-important first developmental milestone, you'll typically determine the project budget, schedule, and scope, in addition to goals, objectives, approach, and project completion criteria. In order to ensure successful completion, it is important to maintain project control through sound project management practices. Project control is typically attained through tracking, analysis, revision, scope management, and communication.

Tip

The iterative process model of project management supported by PMI is Initiating, Planning, Executing, Controlling, and Closing. The Controlling aspect of the model requires the project manager to step back from the project and ask, "How are we doing?" After evaluation, it is often necessary to implement a change control which requires a return to planning before re-executing work. This then completes the feedback loop of the process model.



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