S-Curve in Project Management
Overview
If you are a project manager, you may have heard of S-Curve, which shows progress, cost, manhours, and quantity. As said “trend is your friend”, most Project Managers are interested in seeing S-curves in project reports.
S-Curve is a mathematical graph or illustration that properly illustrates the appropriate cumulative data for a project or task. This data can be the cost or man-hours plotted against time. Some of the most common uses for s-curves are measuring progress, evaluating performance, and making cash-flow forecasts.
Why should a Project / Program / Portfolio Manager attend this event? How is your topic relevant to them?
Project managers often estimate the earliest, and latest, a task can start in the schedule while not affecting the overall duration. This indicates how much flex or ‘float’ there is in the schedule should things change during project execution.
As actual work is delivered, you can plot this against the banana curve. If the data points are close to the ‘latest date’ curve, it flags the risk of project delay and prompts the project team to take action
Learning Outcomes
S–Curve helps
- to track the project status
- to make predictions about project progress, performance, cost, resources and quantity
- to prepare you for upcoming risks and opportunities
- to compare baseline vs. current status
Speakers
ADDITIONAL INFORMATION
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