Sydney, NSW -- How project controls can be defined?

The term has got a lot many definitions which get utilized all over the globe and across the companies of its varieties. But for the sake of this article the terms gets defined as:

It is a process of data management, gathering as well as analytical processes which gets used to make predictions, getting understand and at the same time put a constructive influence over the cost consequences and time of some program or projects through an effective information communication which will be assisting quite effectively to the management and making of decisions.

This very definition can make an easy encompass to all the life cycles of the program or project stages from its very initial part that includes the needed estimation to the proposed project size through all its reflective learned lessons or the learning and analysis of forensic which is required to make an understanding of the failure reasons and the claims of the development.

Consequently the discipline of the project controls training is found to encompass certain things:

Project strategies which will be undertaking the methods as well as studies of planning to provide assistance to the Project Manager in the optimization of the future outcomes
The scheduling which includes updating, development and maintenance as well
Value engineering, estimation of cost, control engineering, and cost engineering
Management of risk, which makes an inclusion of risk registering and maintenance, analysis of risk and its assessment
Earned schedule and earned management of value which includes OBS, WBS or the other structures of breakdown
Controlling of the documents
An assessment which is better be identified as forensic assessment which is needed for the costs and scheduling
Measurement of the performance of suppliers with an oversight of the entire thing, but that would not be including any kinds of contract administrations
The methodology of the project management includes elements which integrates the disciplines both with the functions of project management and the domain of controls.

To make a simple definition, the key word can be said as something which makes an encompassing of the processes, people, and the several kinds of tools which gets used for management, planning and mitigation of cost and at the same time makes a scheduling to the issues and other risk events which may have even the slightest impact over some projects.

Project controls, in other hand, can be defined as the process of project management stripped of the several things of its sub processes for the reasons of:

Safety
Organizational
Quality
Management of communication
Behavioral management

What is the significance of project controls?

Appropriate project control plan remains the sole thing for the project's successful performance. The development of the systems of key term remains one of the most important parts which needs to consider for the efforts of project management. The project execution will be based on some robust project planning and henceforth such can only get achieved with via an effective methodology of the schedule control.

Content Source : https://highgatemanagement.wordpress.com/2015/10/07/project-controls-and-its-various-facets/

Company Overview :

Highgate Management provides a range of advisory and management services including Development Management, Property, Procurement and Project Management.