One milestone that should be always be defined in a project from the control point of view is that Project Manager will notify the Client when the spend against budget reaches 80%. Doing an analysis about reasons that can make the project to be over budget at the end of the project. One formal STOP … Read more
This graph is obtained from a macro created by the team that provides the corporate PM toolset for all of us. Nevertheless the values I mention are extracted from MS-Project data, so you can also do it. Returning to the weird issue, the cumulative work at point #1 is suddenly increased, being separate with respect … Read more
I want to remind this didactic post about how the Earned Value is calculated in MS-Project you can find in the log blog ‘Rule of Thumb’.
Earned Value (EV) helps me to control costs and schedule performance, but it does not answer the question: How much effort do I need to finish on schedule? The Burn Rate shows how much effort is needed going forward to finish on time, and it is expressed as a percentage of remaining planned hours. Burn … Read more