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PROJECT MANAGEMENT METHODS AND TECHNIQUES
Milestone trend analysis
ОглавлениеMilestone trend analysis is a method of project monitoring, as well as its backlog or proceeding ahead of schedule. The method allows detecting deviations in the early stages and responding appropriately to improve the situation. The method is based on the analysis of current and planned milestones status. Each milestone has an estimated deadline, which is planned at the project planning stage. This time is the starting point of regular reconciliation. Upon the milestones completion those responsible report to the project manager on the work done. The report should answer the following questions:
• What has been done?
• What should be done to complete the milestone?
• Is the work due?
“MILESTONE TREND ANALYSIS” Diagram
The visual trend analysis is often displayed graphically.
Horizontal: reporting periods, for example, every week.
Vertical: the same scale with milestones marked. The milestones mark at X = 0, corresponds to the planned milestone indicators at the stage of project start.
The bisector indicates the position of the milestones reached.
During the reporting period, the chart is updated and analyzed. The chart indicates new forecast dates for milestones completion. Each milestone has a trend line (curve). When it reaches the bisector, it finishes.
The ideal state is when the line is clear and unchanged along the Y axis.
Vertical deviations (deviation of the predicted period from the originally planned):
Up: due deadline
Down: ahead of schedule.