Earned Value

Before starting a project, an approved schedule baseline needs to be developed and agreed upon by the stakeholders. During project execution, having a good system of monitoring and updating the performance status of project activities is essential. The activity duration is calculated according to the available resources one is ready to expend. Some activities will inevitably take more time and cause lag while some will complete early and cause lead. All this is associated with what is called Schedule Control. What is Schedule Control? The part of the project cycle that includes monitoring the current status of each activity [...]