Question: You were the project manager in charge of building a house in Ashburn, Virginia.

 
You were the project manager in charge of building a house in Ashburn, Virginia. The house was a five-bedroom home estimated to cost $1.2 million dollars and had to be completed in 24 months. You have successfully built the house within cost and on time. You created a Project Budget, Project Schedule, Project Communication Plan, and Project Monitoring and Control Processes Plan for some unexpected schedule and cost problems.
Now, develop a lessons-learned document for your organization and the project stakeholders. A lessons-learned document describes procurement closure activities including administrative and contract closure activities. This lessons-learned document must include what went well, what went wrong, and suggestions for future house-building projects in Northern Virginia, which looks promising since your team was so successful in this house-building project. Explain why this document is important for your project.
Refer to Chapter 8 “Evaluating and Terminating the Project” on pages 280-298 of your Project Management in Practice textbook and Chapter 22 “Ending a Project” on pages 319-327 of your Project Management Absolute Beginner’s Guide textbook, for developing your project’s lessons-learned document.
Your Project Lessons Learned assignment should be at least two pages in length including a summarization and conclusion page. If necessary, include data from your Unit IV Project Budget, Unit V Project Schedule, and Unit VII Project Monitoring and Control Process Plan to support your lessons-learned document.
Unit IV
https://docs.google.com/spreadsheets/d/e/2PACX-1vT-0DAn-vCDFhApyGYl4VEpsbGjBaa7Swv5jwY4IVmLR1vX1W7GYkMpVELEU18hjRRHJNucW_XZlTvr/pubhtml
Unit V
https://docs.google.com/document/d/e/2PACX-1vT6Olu1EwFPqI8mDvVc7kkrZ8DfWX32Ym8J3zqJ1RJ4hOEypX9UZo1FYfG6vqoslCmNzimRSX17djGt/pub
unit vii
The major concern at the inception of any project is timely completion within the budgetary allocation. This is however, impossible to achieve without constant monitoring and timely action against deviations if any. The importance of this was recognized by organisations which have project based activities and gave birth to a different organisational structure based on projects. A well prepared project monitoring and control process plan can go a long way in the final outcome and ensure the success of the project.
The monitoring plan is synonymous with the project plan itself and needs to work in close synchronicity with the project activities at each step. It needs to identify the project activity, the resources available, the steps involved and identification of risks involved. Next step would be to measure the progress of activity as per schedule and identify deviations if any in terms of time taken or resources allocated or any external factors which may impact timely completion of project or budgets. Once the deviations are identified there is a need to evaluate the causes for the deviations and then put in immediate control measures to minimize negative impact on project cost and completion. Corrective measures need to be speedily implemented and involve quick decision making as to how and where controls need to be implemented to be most effective. This may entail taking remedial action or at times the plan itself may have certain unrealistic targets and then the plan may itself need to be revised or simply amended for certain tasks. The trine of a realistic project plan, an effective step by step monitoring system to identify deviations earliest and a quick and decisive control process can guarantee completion of a project successfully.
The project monitoring and control samples are listed in the table below :
https://docs.google.com/document/d/e/2PACX-1vRjfZOFLMZlhNQSNKJHjamADvvNRJxAfpjQsgTFlQMNVVB62eWkEAPeWLhD19ZjnoN-ay8RbESWkltK/pub
If a project is monitored at every step and activity it facilitates close monitoring to identify deviations immediately and control resultant damage through implementation of corrective measures at the earliest.