The 2 fundamental objective of control are:
1. The regulation of results through the alteration of activities.
2. The stewardship of organizational assets.
Physical Asset Control
Physical asset control requires the control of the use of physical assets. It is concerned with the task of asset maintenance, whether preventive or corrective. Even the timing of maintenance or replacement as well as the quality of maintenance is also maintained. If the project uses considerable amounts of physical equipment, the PM also has the problem of setting up...