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2 management - School of International Business and ...

2 management - School of International Business and ...

2 management - School of International Business and ...

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227 Project Management<br />

Milestone trend analysis<br />

Triangular grids are used to present scheduling trends. The planned milestone dates are on the<br />

vertical, while report dates are on the horizontal. An additional buffer over the project duration<br />

should also be considered in dividing the two time axes. The reporting points should be chosen<br />

on a periodic basis (e.g. monthly).<br />

The current project status <strong>and</strong> known boundary conditions <strong>and</strong> a time estimate for achievement<br />

<strong>of</strong> all milestones should be covered by the project manager during the regular reporting periods.<br />

The estimated deadlines are marked in the graph, <strong>and</strong> connected to the previous estimated<br />

dates. Thus a curve is developed with the progress <strong>of</strong> the project which shows the time trend for<br />

deadlines for the individual milestones. The following applies:<br />

– A horizontal curve indicates that the scheduled date can be met, <strong>and</strong> the milestone is<br />

likely to be achieved.<br />

– A rising curve indicates that the milestone may be delayed.<br />

– A falling curve shows that the milestone could be achieved earlier than expected.<br />

When a milestone is reached, the curve ends on the diagonal side <strong>of</strong> the triangle. Variances from<br />

previous estimated values are always explained, including the causes, effects <strong>and</strong>, if applicable,<br />

the measurements taken.<br />

Figure 30 | Milestone trend analysis<br />

Three milestones are entered in this example. Milestone 1 is achieved one month earlier in com-<br />

parison to the original plan; milestone 2 is exactly on schedule, while the completion <strong>of</strong> milestone<br />

3 may be delayed two months.

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