As a project manager, it is your natural right to want to see and measure the progress of a project over time. It is actually your responsibility to measure and analyze beyond the right. In project management, the S-curve is a tool to do this. It helps project managers evaluate the performance of the project. It helps to identify potential risks that may arise during the life cycle of the project based on the state of progress. As you identify risks, you also see what challenges you may face.
What is the S-Curve in project management?
An S-curve is a graph of a project's cumulative cost or progress plotted against time. The origin of its name is quite simple. The shape of the chart. By looking at this chart you can see the progress of the project in three phases. At first you will see that the project starts slowly. Then growth accelerates and eventually reaches a plateau, reaching equilibrium. The curve we obtain is used to compare how actual progress is relative to planned progress in the project measurement performance area. This is an important performance indicator. It is used in;
Benefits of Using it
By using an S-curve, you can have a better grasp of the current status of the project and make better decisions during the planning phase. This aspect is important to use.
Using the S curve, project managers can make informed decisions based on analysis about the project's budget, schedule and resource allocation. The S-curve also assists project managers with the progress of the project in an accurate, transparent and complete way to stakeholders and team members. It allows stakeholders and team members to better understand the performance of the project and to better see the situation they are in. It facilitates effective communication between stakeholders and team members this way.