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Project monitor & control through management by exception-a framework for software industry

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The project has defined tolerances for each project objectives to establish limits of a delegated authority. | Project monitor control through management by exception-a framework for software industry International Journal of Management IJM Volume 8 Issue 2 March April 2017 pp.246 259 Article ID IJM_08_02_027 Available online at http www.iaeme.com ijm issues.asp JType IJM amp VType 8 amp IType 2 Journal Impact Factor 2016 8.1920 Calculated by GISI www.jifactor.com ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication PROJECT MONITOR amp CONTROL THROUGH MANAGEMENT BY EXCEPTION-A FRAMEWORK FOR SOFTWARE INDUSTRY Syed Abdur Rahim Md Muinul Islam MSCSE United International University Dhaka Bangladesh Dr Hasan Sarwar MSCSE United International University Dhaka Bangladesh ABSTRACT A project is a temporary endeavor undertaken to create a unique product service or result based on specific requirements and expectation of customer. The temporary nature of projects indicates that a project has a definite beginning and end. A project is driven by triple constraints Scope Time and Cost which deliver a defined quality product or service in order to succeed a project must deliver to cost to quality and on time and it must deliver the benefits presented in the business case. The effective implementation of Management by Exception MBE for every efficient use of management time as it reduces managers time burden without removing their control by ensuring decision are made at the right level in the organization. The project has defined tolerances for each project objectives to establish limits of a delegated authority. The tolerance is a permissible deviation above and below a plan s target for time and cost without escalating the deviation to the next level of management. The success of the project depends on effective monitoring and controlling of tolerance level of project s parameters to identify the root causes of the issues and properly address these in timely manner. Key words Capability Maturity Model Integration Constructive Cost Model II Cost Performance Index Functional