Project Time and Budget Monitor and Control

Abstract

With the marketing competitiveness growing, it is more and more critical in time and budget control of each project. This paper discusses that in the construction phase, how can a project manager be successful in time and budget control. This paper also evaluates some pitfalls the project manager will meet in his endeavors to monitor and control the project. There are many methods and five kind pitfalls are discussed in this paper, it reveals that to be successful, the project manager must concern all this methods and avoid pitfalls successfully.Key words: Project; monitor and control; time control; cost control; ranking the priority; CPM; non-delay approach; precedence; optimal timing; crashing; pitfall