What is project controlling and why is it important for your company?
Project controlling is a component of project management that includes all activities necessary to control projects from their inception to completion. It helps companies to achieve project objectives by performing, analyzing and evaluating target/actual comparisons so that appropriate measures can be developed during the project. Project controlling also ensures that resources are optimally allocated, costs are controlled and, by means of a risk analysis, well-founded decisions are made by project stakeholders. When multiple projects are being executed simultaneously, project controlling ensures that companies maintain an overview and focus their resources on the most promising activities.
The importance of indicators in project controlling
Indicators play a vital role in project controlling. They provide vital information and offer an objective basis for evaluating and controlling projects. By regularly monitoring and analyzing indicators, companies can determine the current status of the project, identify potential problems and risks and promptly implement appropriate measures to get the project back on track.
Indicators can also be used as a decision-making tool for management. They provide solid information for prioritizing tasks, allocating resources and determining courses of action. By performing indicator-based analysis, project managers can make more transparent decisions and facilitate communication with other project stakeholders.
Implementing project objectives successfully
Project objectives describe clear, complete and controllable outcomes that need to be achieved throughout a project. They are clearly formulated at the beginning of a project and clarify what the project team is aiming for during the project and what they need to do to achieve them. Indicators are used to measure the progress made towards achieving objectives. Indicators that are linked to corporate goals and impact corporate success can be categorized as key performance indicators. With the help of these indicators, the progress and processes of a project can be monitored, and statements can be made about the achievement of objectives.
Find the right indicators for your project
Our new PowerPoint template provides basic information to familiarize you with project controlling. Present the essentials of project controlling, the difference between metrics and KPIs and how to formulate precise project objectives. With a wide selection of project indicators covering project scope, project schedule, project team, project costs, earned value, project risk and multi-project management, you are guaranteed to find the right indicators for your project.
With the Project Indicator template for PowerPoint, you can
- find the right indicators for your project.
- present the results of your indicator analyses on meticulously designed presentation slides.
- receive presentation-friendly information on project controlling, project objectives and indicators.
This PowerPoint template includes:
- Project controlling: basics
- What is project controlling?
- Project controlling classification
- Strategic and operative controlling
- Project controlling: functions
- Project controlling: tasks
- Project control loop
- Magic triangle
- Project control tools
- Project controlling goals
- Metrics and KPIs
- Metrics and key performance indicators: definition
- Difference between a metric and KPI
- Relationship between a metric, PI and KPI
- Types of metrics
- Leading and lagging indicators
- Characteristics of indicators
- SMART criteria for KPIs
- Project management indicators
- Project objectives
- Project objectives: definition
- Project objectives: classification
- Objectives: required, desired, optional
- Develop strategic project objectives
- SMART project objectives
- Project objectives: functions
- Project management: objective chart
- Project objectives checklist
- Objective relationship matrix
- Project crosshair
- Project scorecard
- Indicators: project scope
- Project categorization
- Project duration
- Number of stakeholders
- Quantity and progress of project tasks
- Expected value
- Indicators: project schedule
- Degree of completion
- Number of achieved and missed milestones
- Percentage of overdue tasks
- Schedule adherence
- Indicators: project team
- Size of project team
- Performance index
- Work productivity
- Resource utilization
- Indicators: project costs
- Cost distribution
- Cost variance
- Cost per project phase
- Indicators: earned value
- Earned value introduction
- Planned value, actual cost
- Schedule variance, cost variance
- Cost performance index
- Schedule performance index
- Indicators: project risk
- Number of identified risks
- Risk value
- Risk trend
- Indicators: multi-project management
- Break-even point
- Customer satisfaction score
- Number of project interdependencies