ABSTRACT
This chapter explains how to monitor, control and communicate the performance of a project. The focus of performance monitoring is on the process and the product in the traditional project management paradigm. Earned value analysis is a project management tool for cost control. It is based on comparing the budgeted or planned cost and planned schedule with the actual values of money spent and time taken to do the work. Once the project starts, money is spent and so the amount of money spent each month is compared to the planned amount to see if the project spending is under control. The categorized requirements in process approach meets that need by looking at the change in the state of a summary of the realization activities, which convert requirements into systems during the system development process from several holistic thinking perspectives.
