ABSTRACT
Progress is determined and identified to inform management that the project is or is not on the plan, schedule, or budget. This chapter describes and compares quantitative progress, planned progress and actual progress. This type of progress identification is useful to project personnel to show improved productivity or that more resources are clearly needed. The construction industry has used quantitative analysis for years because of the large capital cost of the projects and the need to monitor progress. Displaying progress has developed significantly since the first bar chart: progress evaluation and review technique and critical path method were standard methods until recently. The information gained through earned value analysis allows the project manager to forecast the cost outcome of the project. The progress to date, the budget, and the cost to date can be applied to formulas to determine a forecast of final cost.
