purposes 2. Types of project control 3. Cybernetic control 4. Go/No-go controls 5. Post-control 1. Control and its fundamental objectives Control is focused on main elements of a project- performance, cost and time. It is the difference between physical and financial target and actual with the aim of taking corrective measures so as to complete the project successfully in time. Two fundamental objectives: Regulation of results through alteration of activities Stewardship of organizational assets. Contd. The PM needs to be equally attentive to both regulation and conservation. S/he must guard the physical assets of the organization, its human and financial resources. Physical assets control: assets maintenance, its timing or replacement, and quality of replacement; setting up maintenance schedule in such a way as to keep the equipment in operating condition minimizing interference with ongoing work; physical inventory, whether equipment or material, must also be controlled. It must be received, inspected and possibly stored prior to use. Contd.. Human resource control: Controlling and maintaining the growth and development of people; Devices for human resource conservation -employee appraisal -personnel performance indices - Screening methods for appointment, promotion and retention, etc Contd.. Financial Resource Control: Current assets control Project budget as well as capital investments control 2. Types of Project Control Process There are 3 basic types of control mechanism: Cybernetic control Go/No-go control, and Post control 3. Cybernetic control Most common type of control system having automatic operation. Inputs are being transformed into output through some processes; Control function is performed by a censor to measure one or more aspects of the output; Measurements are transmitted to the comparator, which compare them with a set of predetermined standards; Difference between standard and actual is sent to the decision maker; If differences are large enough, a signal is sent to the effector, which acts on process or inputs to produce outputs to conform more closely to the standard. Types of cybernetic control Three types or varieties First order control system: The standard is set and there is no provision made for altering it except by interventions outside. Second order control system: The device can alter the system according to some pre- determined set of rules or programs. Third order system can change its goals without specific pre-programming. It can reflect on system performance and decide to act accordingly. 4. Go/No-go controls This is common in Project Mgt. It takes the form of testing to see if some specific preconditions have been met: predetermined specifications for project outputs, time and costs. Some judgment is necessary at this stage. Certain characteristics of output are outlined. In regard to time and cost, there may be penalties associated with non- conformance. Penalty clause is mentioned in ToR Information required for Go/No-go Source: Project proposal, plans, specifications, schedules, and budgets. Milestones are the key events representing the deliverables in the form of process-output or final outputs. 5. Post Control Post control, a relatively formal document prepared with 4 distinct sections: (i) Project objectives as per project proposal with subsequent changes that were agreed upon during project implementation, (ii) milestones, check points and budgets (project performance against planned schedules and budgets), (iii) Final report on project results (actual and planned performance), and (iv) recommendations on performance and process of improvements and identification of lessons learned for any future projects