1. A target is a project plan you can compare to the
current schedule to measure progress. 2. use targets to pinpoint variances between actual work accomplished and the originally planned schedule. 3. use the target plan to create what-if scenarios for planning the remaining work. 4. Once a project is underway, update the schedule and costs at regular intervals. 5. After you update the current plan, you can compare it to the target to analyze schedule and cost performance. Targets Before you update a schedule the first time, it is suggested that you create a target plan. The simplest target plan is a complete copy of the original schedule. As the project progresses, use the target as a benchmark or baseline for comparing the target dates, resources, and costs to those for the current schedule. You can also use the target to measure project status and performance. Targets Updating a Project Which activities should be updated. You should update any activity on which work has been performedstarted, progressed, or finishedsince the last update or since the start date of the project. Update activities that Start and finish during the current update period Start during a previous update period but finish during the current update period Start during a previous update period and continue during the current update period, but are not finished Start during the current update period but are not finished Updating a Project Understanding the data date P3 uses the data date, or as-of date, when calculating the schedule. Before the first update, the project start date is the data date. As the project proceeds, move the data date forward. If youre working with a daily schedule, the data date is always in the morning. To update a project as of Tuesday night, make Wednesday morning the data date. P3 accepts progress up to that timebut not including it. Updating a Project You can record progress at any time. P3 records progress up to the current data date. For example, suppose the current data date is Friday, November 5. A week passes and it is now November 12. Update progress through November 11, then advance the data date to November 12; P3 revises the schedule based on the actual dates, updated remaining durations, delays, and other changes you just recorded. Updating a Project Updating a Project
You can also record progress directly on an activity bar.
To assign an actual date, point to the beginning or end of an activity bar and press the Shift key. When the mouse pointer changes to , drag the end of the bar to change the actual start or finish date. Updating a Project Comparing Schedules
After updating a project, you can quickly evaluate
progress and performance onscreen. Use a layout that shows current and target bars to identify tasks that start or finish later than planned. Comparing Schedules Comparing Schedules Analyzing Schedules
In the list of activities, include columns for the planned
value, actual costs to date, and earned value to identify tasks that are behind schedule or over budget.