Once your project gets underway, you need to communicate where it stands and how it is progressing to your sponsor and other executives on your project. It’s important to provide the executives objective measurements. You need to measure progress objectively based on the major elements of the project: cost, schedule, and quality (performance) within the current scope. You may also report on procurement and risk. You might have regularly scheduled performance reviews showing progress with reports, graphs, and charts.
Performance Reporting
There are various forms of Performance Reporting to choose from, including:
We will briefly discuss performance reviews, variance analysis, and trend analysis in this section; however, in this exercise, we will stress earned value analysis as the primary performance reporting method. We will discuss earned value analysis in detail separately.
Performance Reporting
There are various forms of Performance Reporting to choose from, including:
- Performance reviews
- Variance analysis
- Trend analysis
- Earned value analysis
We will briefly discuss performance reviews, variance analysis, and trend analysis in this section; however, in this exercise, we will stress earned value analysis as the primary performance reporting method. We will discuss earned value analysis in detail separately.