Milestones and indicators
Tracking a project: milestone, deliverable and task, real progress and work remaining, the S-curve, planned value, earned value, actual cost and the two performance indices.
- 28 cards
- 5 topics
- Free
The outline, topic by topic
Each topic is weighted the way the exam weighs it.
- Concepts
- Questions
- Sort and link
- The numbers
- The curves
A few cards from the deck
Milestone: what is it?
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A control point in the project, with no duration, that is either reached or not, often the sign-off of a deliverable.
A task takes time, a milestone is observed: “acceptance signed off” is a milestone, “running the acceptance tests” is a task.
On today's date a project's schedule performance index is 0.8. What does it mean?
- The project has produced 80 % of the value planned by this date
- The project has already spent 80 % of its total budget
- 80 % of the work remains before delivery
- The project costs 20 % more than budgeted
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The project has produced 80 % of the value planned by this date
The schedule index relates earned value to planned value at a given date: 0.8 means one fifth behind. Spending belongs to the cost index.
A key performance indicator is a … measure, taken at regular intervals and compared with a …, to steer the project.
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A key performance indicator is a numerical measure, taken at regular intervals and compared with a target, to steer the project.
Without a target, a figure does not say whether to act; without regular readings, it does not say which way things are heading.