Research shows that almost half of all projects go over the end date and exceed the budget, despite the fact that project managers have progress information. Now it appears that project progress reports are often inaccurate. This creates the risk that the project manager takes the wrong decision and therefore cannot manage the project properly in time.
About project size, human behavior and frequency. Who determines the progress? The project manager or an employee? How to decide if one or the other should do it? How do you ensure that the progress information is in fact reliable? After all, incorrect information can result in serious consequences in terms of meeting the deadline and the budget. In this blog post we will discuss concrete tools on how best to organize progress reporting. First of all, let's take a look at
Forecast planning and budget variance. There are, of course, numerous ways to analyse your projects. Budget vs. actual, planning vs. actual, spending variances based on percentage completed, and so on. And all are valuable, but only aimed at looking at the past. Not that looking at the past is wrong, because this is how you will learn when budgeting and planning future projects. But during your projects, you would mostly like to look ahead. You want to know where you will end