Fundamental Concepts of Project Control
What Is Project Control?
Projects are usually executed on a budgeted capital and therefore are required to be completed within the available capital. Projects are also typically required for a purpose and therefore need to be completed before a deadline and to an agreed scope so that they can be utilized for the purpose intended. The need to complete a project within a capital budget, to a required scope, and delivery by a specified date point inherently to cost, scope, and time being arguably the most important objectives of most projects. Delivery of projects within a monetary budget, to an agreed scope, and by a specified date then become constraints imposed on projects. The financial constraint ...
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