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Project Management: A Managerial Approach 4/e By Jack R. Meredith and Samuel J. Mantel, Jr. Published by John Wiley Sons, Inc. Presentation prepared by RTBM WebGroup Project ManagementA Managerial Approach Chapter 12 Project Auditing Project Auditing A major vehicle for evaluation is the project audit, a more or less formal inquiry into any aspect of the project A project audit is highly flexible and may focus on whatever matters senior management desires The evaluation of a project must have credibility in the eyes of the management group for whom it is performed and also in the eyes of the project team on whom it is performed Purposes of Evaluation - Goals of the System Four independent dimensions of success: The most straightforward dimension is the project’s efficiency in meeting both the budget and schedule Another dimension, and the most complex, is that of customer impact/satisfaction A third dimension, again somewhat straightforward and expected, is business/direct success The last dimension, somewhat more difficult and nebulous to ascertain, is future potential Purposes of Evaluation - Goals of the System Another primary purpose of evaluation is to help translate the achievement of the project’s goals into a contribution to the parent organization’s goals To do this, all facets of the project are studied in order to identify and understand the project’s strengths and weaknesses The result is a set of recommendations that can help both ongoing and future projects Purposes of Evaluation - Goals of the System A successful project evaluation can help an organization: Identify problems earlier Clarify performance, cost, and time relationships Improve project performance Locate opportunities for future technological advances Evaluate the quality of project management Reduce costs Purposes of Evaluation - Goals of the System A successful project evaluation can help an organization (cont.): Speed the achievement of results Identify mistakes, remedy the
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