Lecture 16 - Project Management: Tracking

Question 1

Project manager often save a copy of the _________ as a _______, to allow future analysis in reference to the original plan.

Answer 1

Original Plan, or Baseline Plan

Question 2

The analysis of project progress could be done in two dimensions:

Answer 2

1. ) Time: based on the current progress, are we expected to finish the project On Time? Early? Late?
2. ) Money (or resources): based on the current progress and the actual expenditures, are we expected to finish the project On Budget? Below? Over?

Question 3

4 Steps of Analyzing Gantt Chart in Excel

Answer 3

Step 1: Copy the schedule onto Excel
Step 2: Calculate planned task days
Step 3: Calculate Progress (task-days)
Step 4: Calculate ratios