Page 16 - Unanet GovCon: Managing Project Execution and Control - Participant Guide (ILT)

LESSON 3: MONITORING AND CONTROLLING

PROJECT PEFORMANCE

Learning Objectives
• Utilize Unanet reports to assess and manage project performance
• Identify the appropriate response to project metrics report output

Introduction
Unanet recommends using periodic reviews to monitor and control your projects.
Project teams can use standard Project and Project Accounting reports that include
plans, assignments, budgets, and actuals. These reports can be used to determine
whether an effort is within the established boundaries of time, cost, and scope while
returning the anticipated amounts of revenue and profit. This report data and the
resulting decisions can be included in the periodic review documentation as a Project
Note, creating an audit trail that can be reviewed by designated members of the project
team.

The Periodic Review
During a periodic review, the project team will first assess the current status of a project
against the triple constraints of time, cost, and scope as established in the contract.
Users with the Project Manager or Project Lead role can access the Budget tab of the
Project Profile to view the Hour, Labor, and Expense budgets for their projects, then
compare those values to actuals as a reference when reviewing reports. The following
table displays the metrics thresholds for Gus Lead’s projects for Two Five Three
Consulting:

CORPORATE THRESHOLDS
PROJECT CODE REVENUE PROFIT
253CONSULT PM3-FORECAST-TM ± $300.00 25% ± 2%
253CONSULT PM3-FORECAST-CP $0 N/A
253CONSULT PM3-FORECAST-FP Billing Schedule 25% ± 5%

LESSON 3: MONITORING AND CONTROLLING PROJECT PEFORMANCE
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