Question

The people assigned to your project have high billable rates, and the project budget doesn't provide much of a buffer over your estimated total project cost. Fortunately, the project finish date has some wiggle room. Which measure of progress is most important to track in this situation?

Answer 1

(b) remaining duration

Explanation:

• It is only the firm to create a timetable. Progress in monitoring has a number of advantages: identification and resolution of problems as they happen; preparation of status reports for "project participants & management"; maintenance of historical information to help plan future projects more accurately.
• Once your project execution has begun, the team will begin recording progress on its assigned tasks such that the project manager can monitor how the tasks are progressing. In this context, every member of the team must at least mark the completed tasks by inserting the value of% = 100% in the "corresponding cell" in the complete column.
• The actual work fields show how much work has been accomplished by resources for tasks or how many hours a specific resource is already spent on a task. These fields show time-limited versions of values spread over time.

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