Planning and Scheduling: Developing a comprehensive project plan that outlines the project’s scope, objectives, and schedule, including milestones, activities, and dependencies. This plan serves as the foundation for tracking progress and managing the project’s schedule.
Cost Management: Estimating, budgeting, and controlling project costs to ensure that the project stays within the approved budget. This includes tracking actual costs, comparing them to the budget, and implementing corrective actions to address any deviations from the plan.
Earned Value Management (EVM): Integrating scope, schedule, and cost data to assess project performance and progress. EVM provides a set of performance metrics that enable project managers to identify deviations from the plan and implement corrective actions to maintain control over the project’s execution.
Risk Management: Identifying, analyzing, and mitigating potential risks that may impact the project’s objectives. This includes establishing a risk register, conducting risk assessments, and implementing risk mitigation strategies to minimize the impact of risks on the project’s success.