Comment on the following: Project review is a very important aspect of the entire project life.

CS Professional · Financial, Treasury and Forex Management · PYQS · December 2015
Comment on the following: Project review is a very important aspect of the entire project life.

Answer & Explanation:

The projects that are well designed, comprehensively planned, fully resourced and meticulously executed may also face challenges. These challenges can take place at any point in the life of the project and the project team must review continually by revisiting the design, planning and implementation of the project to confirm they are valid. Project review helps to determine whether corrective actions need to be taken when the project's performance deviates significantly from its design and its plan. The three principle categories of activities that take place during the review are: Project Monitoring Project Evaluation Project Control These activities are intended to occur continuously and continually, taking place through the entire life of the project. For example, the earliest iterations of the project indicators are already being developed during the Project Identification and Design Phase; the Monitoring Plan is developed during the Planning Phase; monitoring visits are conducted during the implementation phase, and many evaluation activities are undertaken during the End of Project Transition Phase.

Topics: Project Management

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