Why are measures of performance critical to project evaluation and control?

Question

Quizplus · Accepted Answer

The Answer is Project control and monitoring involves gathering and appraising information on how the project's activities compare with the project plan. Actual progress is tracked against the performance measures established in the project plan. These performance measures help a project manager assess how time, money and other resources have been used to produce the expected outcomes. Costs can get out of control when the project costs are not watched closely and corrective cost control was not exercised in time. By closely monitoring the performance measures associated with the project, an alert project manager can be prepared to respond quickly to deviations in order to keep the project on track and under control. Though very few projects have not had their goals and objectives modified in some way or another from their beginning to the end, careful project control enables a project manager to minimize the effects of these changes on the overall project.

Why Are Measures of Performance Critical to Project Evaluation and Control