Project performance assessment is the process of comparing actual project performance against
planned performance and identifying variances from planned performance. It also includes general methods
of identifying opportunities for performance improvement and risk factors to be addressed. After the
variances, opportunities, and risks are identified, actions to address them, and the potential effects of the
actions on project outcomes, are further assessed and managed through the forecasting and change
management processes (Sections 10.2 and 10.3, respectively). Corrective or change actions are then
implemented as appropriate through updated project control planning (Chapter 7), which closes the project
control cycle. At project closeout, the final assessments of project performance are captured in the project
historical database (Section 10.4) for use in future project scope development and planning.