Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue · Module 10 · Budgeting, Forecasting and Progress
Progress exception thresholds
Lesson 107 of 198 · 12 min
Enter progress exception thresholds on the project plan type. Set thresholds for cost variance, schedule variance and effort variance, and the severity levels — warning and critical. Show a project breaching a threshold, and the resulting indicator. Show the exception view a programme director would use, then tune a threshold that is firing too often. THRESHOLDS ARE HOW A PROGRAMME DIRECTOR WITH FORTY PROJECTS KNOWS WHICH THREE TO LOOK AT. Without them they look at all forty badly, or none at all. TUNE THEM. A threshold that fires on thirty of forty projects is noise. Set them, watch for two months, tighten. Different project types may warrant different thresholds. A capital programme and a two-week engagement are not the same risk.
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The video, the complete written lesson and the module quiz are included in Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue, with a certificate on completion and a fourteen-day refund window.
In this module: Module 10 · Budgeting, Forecasting and Progress
- 1The planning cycle
- 2Creating and baselining a budget
- 3Progress collection
- 4Physical percent complete methodsFree preview
- 5Generating a forecast
- 6Progress exception thresholds
- 7Variance analysis
- 8Earned value basics
- 9What breaks
- 10Lab: run one full cycle and time it