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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
 
 
 
Home » Glossary » What is Project Elapsed Time?
What is Project Elapsed Time?  

What is Project Elapsed Time?



 
 

Project Elapsed Time is the total number of calendar days (excluding holidays and other non-working days) that have been consumed for performing the project or its certain part (phase, task, activity, job). It shows the passage of working days in the project calendar.

Elapsed time of a project can be tracked against milestones that have been set for the project schedule. Milestones help monitor how the project moves forward as time goes by. The project manager can use milestones to see project progression and determine how the scheduled duration changes.

 Project elapsed time can be measured in calendar days. It is calculated by the following formula:

Total Effort x Number of Working Days

-------------------------------------------------------------------- ,

Number of Hours Worked Per Day x Number of People

where:

  • Total Effort refers to the amount of work that human resources can produce in one workday.
  • Number of Working Day is usually 5 (from Monday through Friday).
  • Number of Hours Worker Per Day shows how many hours an employee has consumed to make effort in one workday.
  • Number of People means the total number of workers involved in the project.

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