Of the many e-newsletters that come my way, that by METHOD123 is by far the most informative. Here is a cut and paste from one of their most recent ones.

How to Manage Large Projects

Using MPMM and Method123 you have 10 different processes available for monitoring and controlling large projects. Each of these processes are described below:

1. Manage Time Delivering "on schedule" is usually the hardest challenge for a large project, due to the sheer amount of work involved. You need a clear time management process to record time spent by staff, log it in a timesheet register and update the project plan with current progress. This process allows you to track progress and control delivery against the original target date set.

2. Minimize Cost  To minimize the cost of the project, a cost management process should be implemented. This involves recording all expenses in an expense register and regularly updating the project plan and financial plan schedules with the status of the project budget.

3. Control Quality  The quality management process is used to conduct quality assurance reviews to check that the deliverables produced by the project meet the quality targets set.

4. Reduce Change Using a change management process, the Project Manager can identify any requests for change and review their potential effect on the project. Large projects all too frequently suffer from scope creep, whereby changes are implemented without approval. This causes delays and budget over-runs.

5. Mitigate Risks Large projects usually encounter a larger amount of risk, so the key to success is in identifying these risks early and mitigating them before they impact on the project. Using a risk management process, you can identify and mitigate project risks early.

6. Resolve Issues  Complex and technical projects usually encounter a high number of issues, as the project deliverables may be unique in nature. The trick is to resolve them as early as possible. Implement an issue management process, to enable staff to raise issues and have them resolved by the Project Manager in a timely manner.

7. Manage Procurement  If you're obtaining goods and services from external suppliers, then you will need some form of procurement management process. This process will explain how you want to procure items, through the issuing and fulfillment of Purchase Orders.

8. Get Acceptance It's not enough to produce top quality deliverables, you have to gain acceptance from your customer that each deliverable meets their requirements. This is called the acceptance management process. As you finish each deliverable, get your customer to sign it off as being 100% complete.

9. Perform Communications  On larger projects, it's crucial that you keep stakeholders properly informed. By implementing a communications management process, you can distribute formal communication messages, to ensure that you deliver the right content to the right people at the right time.

10. Complete Phase Reviews  And lastly, to manage large projects, you need to implement phase reviews at the end of each major project phase. Each review allows your team to determine that they have met their objectives for the current phase and can therefore progress to the next phase in the project life cycle.