Adjust Targets as Needed
If you now do not know where actually your position is, postpone setting goal, and do not specify the line where you will go in the future, because it would be easier to declare about no matter where you arrive, it is your goal. Unfortunately, business does not work like that. The project is initiated to achieve specific business objectives. You will not be capable to show conclusively that you have achieved that goal, unless you indicate where to position the company as the project begins and where the company’s position is if the project ends now.
Collection of this evidence begins with doing several attempts at the start of the project-documenting a planned schedule, cost, & desired results, like design or specification of performance (quality, price, speed, features, and so on). You then need to document the reality: When the action starts? Terminated? What is the actual cost? What are the levels of performance which has been fixed?
The last step is to compare the existing plan to the reality. You will not deviate 100 percent of estimates. No one has experienced it. You need to distinguish between performance problems with the error estimates: for example, if the performance is below expectation, your estimation may be unrealistic or the solution you choose is not suitable. Clearly, deciding the appropriate action depending on the reason that underlines the possibility of small failure. This also applies if you exceed expectations. Are your estimates are too conservative? Are you really sure that you have the final performance measure correctly?
Parts of your job as a project manager are to guide your team members in developing a method to handle project information:
Discuss the Important Information
It is easy to be overwhelmed because of the amount of information. Focus on information that is felt to be the most useful for your determinations about time management, goals, and the progress of the project.
Find out the source of information. If a project goes too far ahead or behind of the schedule, who will notify first? If the customer is not happy, who would they tell? Would the information is just coming to you, or should you look for it yourself?
Determine How to Obtain Information
At the time you know what you are looking for and where information is generated, decide how and who is assigned to look for that information.
"Collecting information alone is not enough ... information should be clear, timely, accurate, and reliable."
Adapted from the book: Project Management, the author: Gary R. Heerkens,Section 13
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