One of the top reasons for inefficient project delivery is – ignoring the importance of project program monitoring and evaluation. Unfortunately, this aspect, although known to many contractors, tend to be given little priority.
Monitoring and evaluation, although often considered same, they are actually distinct functions.
Monitoring is a process by which a project’s physical progress and resource consumption are tracked on routine basis to establish any divergence to the project base-line schedule and resource allocation.
Evaluation is the process of analyzing information received through monitoring to predict the project trend in terms of any significant departure from project expectations.
Program management is continuous and objective assessment of a project status. It provides real-time update of the project progress with diagnosis of likely slippages/bottlenecks to facilitate timely decisions.
The program management function consists of
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