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The Dynamic of Project Monitoring and Evaluation Mechanisms within Modern Organizations

Author

Listed:
  • Florin TACHE

    () (The Bucharest University of Economic Studies, Romania)

  • Cristina-Elena ISPêOIU

    () (The Bucharest University of Economic Studies, Romania)

Abstract

This paper aims to emphasize the role of monitoring and evaluation mechanisms within project management and their importance in the context of modern organizations. Thus, we provide a short literature review on the evolution of the monitoring and evaluation mechanisms, and we emphasize the fact that the most relevant are: Gantt Diagram, Benchmarking techniques, Balanced Scorecard Management Systems, CPM, PERT, etc. Also, we propose a short review on the correlation between the monitoring and evaluation mechanisms and the project management evolution, identifying six important stages in the development of project management. Therewith, project management developed rapidly, and the application of some rigorous monitoring and evaluation mechanisms became more and more significant, having the capacity to generate outstanding upgrades in what concerns the projects implementation.

Suggested Citation

  • Florin TACHE & Cristina-Elena ISPêOIU, 2013. "The Dynamic of Project Monitoring and Evaluation Mechanisms within Modern Organizations," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(4), pages 628-636, October.
  • Handle: RePEc:rom:rmcimn:v:14:y:2013:i:4:p:628-636
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    More about this item

    Keywords

    project management; monitoring; evaluation; mechanisms; lifecycle; organization; CPM; PERT; diagram; matrix.;

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • L29 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Other
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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