New Test Development Project Risk Monitoring and Control Assignment

New Test Development Project Risk Monitoring and Control - Assignment Example Basically, the project monitoring and evaluation in this project management are meant to provide objective and reliable up to date information about the progress of the project and as such helps eliminate unnecessary risks. Four basic indicator systems will be used in the project monitoring and control which includes; Schedule Performance Monitoring, Program Metrics, Technical Performance Measurement (TPM) and Earned Value (EV) (Kerzner, 2006). An in-depth monitoring and control of scheduled risks will be conducted to gauge the extent of the damages caused by such risks if any will be undertaken during the project implementation. After 30days, the project management staff will conduct a scheduled performance monitoring indicator to establish whether the time allowed for a risk that may occur as a result of the delay caused by the NATA in granting accreditation of the assays was within the acceptable limits. This process will be done to ensure that the overall implementation period of the project is not compromised by risks caused by NATA. The project monitoring and control tool will also be used to check the effectiveness of the rejection of the risk to proceed to offer service without NATA accreditation. The process will find out if adopting the risk would have dented the image of a project as earlier been presumed. There are other risks such as technical risks that have been identified as possible causes of delays in the implementation of this project. However, program metrics and earned value (EV) are some of the indicator approaches that will be used to monitor and control the adopted response strategies. The project has adopted risks such as the failure of assay design, challenged validation report by NATA assessor and service redundancy. Likewise, during the implementation of the project risk monitoring will be done against the above-named risks to estimate the effectiveness of the decision of adopting them.