The goal of planning is to facilitate communication between the client and the work team,

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Remember: so it is essential to establish a close relationship in which the client knows the professionals who will develop his project.

5. Monitor costs
It is necessary to control the costs of the project in order to complete the work within the allocated budget . It is important to monitor both internal costs, derived from the production of the project, and external costs.

Project management tools usually include a section to monitor the working hours of armenia email list each team member, making it easier to contain internal costs.

Follow-up should be done daily, but it is also important to prepare weekly reports to avoid delays, make decisions and act before costs exceed revenue.

6. Follow-up and retrospective
Throughout the execution of the project, the manager must perform periodic analyses and issue internal reports that allow to verify the status of the project, monitor it and compare the current progress with the predefined ones, in compliance (or not) with deadlines, costs, scope, etc.

Then, if necessary, the director or manager can make changes that help improve the efficiency of the project, now and in the future. Managing changes efficiently can make the difference between a successful project and a failure.

Furthermore, once the work is finished, it is important to perform an internal retrospective to identify the points to improve on future occasions. For this reason, useful lessons and learnings must be extrapolated from each project.

The Importance of Risk Management in Project Management
Each project can present different risks that must be identified as soon as possible to avoid them becoming real obstacles during development.

risk management matrix

Source

Knowledge Train establishes measures with which to calculate risk management :