Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue · Module 10 · Budgeting, Forecasting and Progress
Progress collection
Lesson 104 of 198 · 15 min
Progress answers "how much of this work is done?" It is separate from cost — you can spend half the budget and be twenty per cent complete, and that gap is the whole point of measuring it. What gets collected: physical percent complete, estimate to complete, estimate at completion, and progress comments. Who enters it: the project manager or the task owner, typically monthly. Then: enter progress at task level, roll it up to the project, show the summarized view, show estimate to complete driving a revised estimate at completion, and show progress comments captured for the programme review. ESTIMATE TO COMPLETE IS THE HONEST NUMBER AND THE ONE PEOPLE AVOID. Percent complete can be optimistic; ETC forces a real conversation. CONFIGURE TO REQUIRE IT. Progress entry must be quick. If it is a fifteen-minute task per project, project managers with eight projects will not do it — that is…
The full lesson is part of the course
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.