Definition:
A method for comparing the current project schedule to the original approved schedule to identify deviations.
Key Components:
- Variance Analysis: Identifies delays or acceleration.
- Performance Benchmarking: Tracks progress against initial plans.
- Trend Evaluation: Helps forecast potential schedule risks.
Use Cases/Industries:
- Construction: Comparing planned vs. actual completion dates.
- Energy Sector: Assessing deviations in power plant commissioning schedules.
- IT Projects: Analyzing software deployment delays.
Advantages:
- Identifies trends early to implement corrective actions.
- Helps in contractual compliance evaluations.
- Supports stakeholder communication.
Challenges:
- Requires frequent updates for accuracy.
- Can be misleading if scope changes are not documented.
Related Terms:
Schedule Variance, Earned Schedule, Total Project Duration
Example:
A baseline schedule comparison shows a project is 10 days behind its original completion date.
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Synonyms:
Planned vs. Actual Analysis, Schedule Performance Review, Variance Tracking
