How can priorities be set in deciding the levels of monitoring?
Priorities can be set up in deciding the levels of monitoring in the following ways:-
Critical Path activities
Any delay in an activity on the critical path will cause a delay in the completion date for the project. Critical path activities are likely to have a very high priority for close monitoring.
Activities with no free float
A delay in any activity with no free float will delay at least some subsequent activities even though if the delay is less than the trial float, it might not delay the project completion date. Free float is the amount of time an activity may be delayed without affecting any subsequent activity.
High-risk activities
A set of high-risk activities should be identified as part of the initial risk profiling exercise. If we are using the PERT three-estimate approach we will designate as high-risk activities duration varianceThese activities will be given close attention because they are most likely to overrun or overspend.
Activities using critical resources
Activities can be critical because they are very expensive in the case of a specialized contract programmer. Staff or other resources might be available only for an unlimited period, especially if they are controlled outside the project team. In any event, an activity that demands critical resources requires a high level of monitoring.
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