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Importance of Project Evaluation and Management Information System in Project Management; Overview of Periodical Project Review

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Amit VG
Importance of Project Evaluation and Management Information System in Project Management; Overview of Periodical Project Review

Solid planning is essential for success of any project. Sticking to the defined plan and keeping the project on track is equally important. Just creating schedule and assigning task doesn't ensure everything is going as planned.  

 

In Project Management, the term baseline refers to an accepted and approved project plan. A baseline, as the name suggests, is a line that is being used as a base for future measurement. Without it, there is no possibility to compare the current status of the project against the initial estimated project plan. It is important to evaluate project progress against the project plan helps to detect deviations in advance and can take corrective actions.  

 

How to evaluate a project progress? Is it by comparing the tasks achieved against the defined standards alone? The baseline plan contains the original or planned estimates against which one can track the project’s actual progress. But certain projects can be complex and planning can be long. As the project progresses, the manager may also want to save an interim plan periodically, and save multiple baselines to record the changing baseline values over time.  

Baselines help project managers to find how well the estimates were and if the trend of project progress is good or not. Baseline information that is significantly different from current data indicates that the original plan was inaccurate, and this would trigger a warning for the future. It provides indication about the quality, experience and knowledge of the project manager. A well done initial project plan will indicate the expertise of the project manager. By using baselines one can make improvements to future projects by learning from present mistakes.

Management Information System (MIS) provides communication link that makes managing projects possible. MIS system to be tailored specifically to the needs and should contain routine information as well. MIS saves lot of time of team members in preparing project reports or updates. Such time can be utilized for productive tasks.

The tools at SMART ADMIN lets you compare and evaluate progress on real time basis to contribute to a formative review of your action plan. The customizable reporting option makes the MIS function very easy with Smart Admin. The reporting tools are highly flexible with option to compile reports/retrieve reports per the need of stake holders on real time basis.  

For more info click here - smartadminmanager.com

 

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