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Project Progress means a degree to which a project is developed and completed up to a moment – a progress achieved up to certain moment means a condition and amount of work recently completed. Besides previous meaning, project progress may refer directly to the process (continuing activity) of gradual project completion. Usually project progress occurs pre-programmed in a project’s plan, so the planners can prescribe and justify the way, timing, and expenses they expect (allow) on a project completion. Measuring and controlling the project progress is one of the most vital activities carried out by the project managers – you can capture & evaluate project progress via the following means:
- Milestones on the project timeline (used to define relation between schedule and work);
- Value earned – a monetized worth of project results produced up to a moment;
- Action items – completion of certain tasks, deliverables and products;
- Budget performance – relation between amounts scheduled and spent to certain moment;
- Milestones, deliverables and budget checkpoints waiting ahead;
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