In order to be able to interpret progress reports on tasks in terms of %complete (as a precursor to earned value, schedule and cost variance analysis), tasks are structured so that key milestones align with %complete determinations. For instance, if conduct process of selection is a 2-week activity, one-week deliverable could be meet and discuss, and the other could be vote and decide. Each costs the same in project labor costs. Thus 50% complete would coincide with meet and discuss, 100% complete would indicate that a decision has been made. This is an integrated approach to task structuring that enables meaningful earned value assessment later; without it, progress reports cannot be related to real deliverables.
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.