The fact that you have an hour, does not mean you can not control. The second definition of "administration", when used as an intransitive verb in Merriam-Webster English Dictionary says the eyes of a man. How do you know when you reach your goal? How do you know that you can run? You need to measure.
The project is an important key performance indicator (KPI) that allows one hour of project results. Is calledearned value.
The basis for the design of performance measurement is a basic project and the inclusion of actual data against the project.
A baseline record a snapshot of a project to a point where you're ready to measure against. In general, reference models, when all the original project estimates collected and approved. And 'the plan. Then every time there is a significant change in terms of cost, time or scope, approved by all stakeholders in the project in the projectRe-baselined, so you can be against the revised estimate is measured.
What is involved in the project as the project progresses. The number of hours actually worked on a task, the percentage of completion of a task, since every hour spent cost of a purchase, etc., are examples of evidence.
When measured, the results show the value that the project has deviated from the baseline. Earned value of PM with:
Variance costs · – the project is over budget, over budget orunder budget
Performance indicators · Cost – you get is a working X $ for every $ 1 spent (you can replace the $ for money)
· Schedule Variance – the project is behind schedule, on schedule or ahead of schedule
Hours performance indicator · – the project progresses to x% of the intended track
In all the above, with a negative number is bad and a zero or a positive number is good.
Another measure you can make predictions. Earned value can predict thefollowing
· Estimated completion – as is the project expected to cost at checkout time
Estimate · to complete – how much more (than estimated / baselined), the project will cost about the end times
· Duration – how long is the project going to take
· Completion percentage – a percentage of project completion
· Critical factors – the general condition of the project, a negative number is bad, and a zero or a positive number is good
Theformulas to calculate the value obtained is not a part of this article, but from this fact. Most project management tools automatically calculate earned value.
Now, not only those hours can easily communicate development project, but may also decide soon on the need for positive action.
I hope you agree with me that if you can not measure what you can not control. Do not you think …? Well, I do.
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