The monitoring and controlling phase project management templates will help the project manager to track, review, and regulate the progress and performance of the project. In addition, the templates will help to identify any areas in which changes to the plan are required, as well as initiating those corresponding changes. The following templates are included. Click on a template for more information about that template.

Contract Performance Report
Cost Tracking Log
Procurement Change Request
Project Variance Analysis Worksheet
Status Report
Workaround Worksheet

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The Contract Performance Report project management template will allow the project manager to capture the following key components:

• Status of the vendor's performance relative to the project and contract objectives;
• Progress on what has been completed, is currently in process, and/or key changes made;
• Forecasting to include estimation of future project status and progress; and
• Other pertinent issues.

The Cost Tracking Log project management template will allow the project manager to:

• Identify cost variance; and
• Track cost variance.

The Cost Tracking Log identifies and tracks cost variance and percentages by both cost element category and overall.

The Procurement Change Request project management template is to be used to capture the following procurement components:

• Type of change request;
• Description of the change;
• Reason for the change;
• Effect on the project; and
• Effect on the schedule.

The Project Variance Analysis Worksheet project management template will auto-calculate the following analysis based upon the project's values:

• Schedule Variance (SV) and Schedule Performance Index (SPI);
• Cost Variance (CV) and Cost Performance Index (CPI); and
• Additional estimate and variance formulas (e.g. EAC, ETC, and VAC).

The Status Report project management template provides the project stakeholders with a current status of the project's performance. Key components of this project management template include the following:

• A Summary;
• Scope and Schedule;
• Resources and Budget;
• Risks and Issues;
• Accomplishments;
• Current Tasks;
• Past Week's Meetings;
• Future Tasks;
• Anticipated Meetings with the Proposed Agenda;
• High Priority Issues;
• High Priority Risks; and
• A Quality Assurance Review to Ensure.

The Workaround Worksheet project management template is a tool for proactively managing options resulting from a change request caused by the fulfillment of a risk and is used in support of changes to the existing project baselines. Key components of this project management template include the following:

• A description of the risk;
• Who is responsible for the risk;
• Results from the risk analysis;
• Description of the risk response (avoidance, transference, mitigation or acceptance);
• Description of the risk level (high, medium, or low);
• Action steps;
• Budget and time for a response; and
• Any resulting contingency plans.