Described in Section 10.2.3.1. .2 Performance Reports
Performance reports are used to distribute project performance and status information, and should be made available prior to projcct meetings, and should be as prccisc and up to date as possible.
Forecasts are updated and reissued based on work performance measurements provided as the project is executed. This information is about the project's past performance that could impact the project in the future, for example, estimates at completion and estimates to complete. Forecast information is often generated using earned value technique (see Section 22.214.171.124), but may use other methods such as analogy with past projects, re-estimating remaining work, inclusion of impact of external events in the schedule, and others. This information should be available along with performance data and other important information that must be distributed for decision-making purposes. Forecasting methods are described in Section 10.5.2.2. Additional information on performance reports is provided in Section 10.5.3.1.
Was this article helpful?
What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.