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Most of projects willing to calculate the project progress based on the cost, as this is the way to measure the project revenue and the cash flow. However, I believe the ... See More
Cost or Man-hours is not an accurate way to measure the progress. The completion percentage of each task shall be measured by the quantity completed and approved by the ... See More
You select metric based on your required measurement. 1. In order to measure Schedule Progress you would use Man-hours. 2. In order to measure Cost efficiency on the pro ... See More
PERT (Program Evaluation and Review Technique) is a technique for estimating that applies an average of optimistic, pessimistic and most likely estimates when there is ... See More
Work progress can be measured by cost of actual work done .
Both stands for different project progress perspective. Usually, if you are in contractor side primarily we are concern about cash flow, means from time to time we used t ... See More