Answer to Question #224257 in Management for tsion

Question

Discuss why project monitoring and evaluation is very important in today’sproject environment. How do you differentiate between project monitoring, project evaluation and project control? Discuss

Answer 1

Project monitoring and evaluation benefit the most stakeholders in community development. It is capable of improving management. The project manager can account for whether the project is losing or not.

Monitoring is seen as a cycle that gives data and guarantees the utilization of such data by management to survey project impacts – both deliberate and accidental – and their effect. It targets deciding if the expected goals have been met.

The evaluation draws on the information and data created by the monitoring framework as a method of breaking down the patterns in the impacts and effects of the undertaking. Sometimes, it ought to be noticed that monitoring information may uncover a huge takeoff from the task assumptions, which might warrant the endeavor of an evaluation to inspect the suspicions and premises on which the undertaking configuration is based.

Project Control is a cycle that envelops the assets, methodology, and instruments for the arranging, monitoring, and controlling of all periods of the capital venture lifecycle. This incorporates assessing, cost and timetable management, hazard management, change management, procured esteem advancing, and estimating.