A time cost progress diagram shows the current conditions of the costs, the planned dates as well as the project progress, in order to make attentive to possible deviations in such a way.

Proceed

During the project planning work values (A1, become a2,"…) defined, which are to occur at a certain time with fixed costs. To determine the actual work values then compared with the expected around differences such as cost overruns or time delays.

This diagram is one of many techniques and aids of the project management. It is used in the context of the process cost value analysis (passenger car) as starting point for value analytic views of business processes. In practice an appropriate project management software is used, whereby above all the data generation is very important.

Pro and cons

{|

! Advantages! Disadvantages | - | 

Working progress is indicated apart from time and costs

Easement of long-term and detailed planning

| 

Complex generation of information

Data acquisition afterwards

|} 

Illustration

The following representation shows a time cost progress diagram, whereby K for cost overrun, Z for time delay and A for work value stand. A3' means that the work value A3 was only reached not at the planned time Z3, but at the time Z4. The costs K3 were not exceeded however. A4' means that the work value A4 was reached to the planned date Z4, however with an excess of the costs of K, i.e. to the costs K5.

Alternative one

• Bar chart (Gantt Chart)

With the Gantt diagram one represents the temporal operational sequence of projects and their indexing steps. In particular thereby a direct purchase is manufactured to the calendar. It is in the simplest case a simple bar chart and of Henry L. Gantt during its work as technical advisors for the management was developed.

• Critical path method

The critical path method is an useful aid around complex operational sequences as well as their logic functions and temporal conditions better plans and to coordinate to be able. The most well-known methods are the method of the critical path (critical path method), PERT (program evaluation and Review Technique) and MPM (Metra potential Method).

Literature

• Manfred training to living: Organization. Vahlen, Munich 2005, ISBN 3-8006-3205-5
• Pure hard Haberfellner, walter F. Daenzer (Hrsg.), Mario Becker: System engineering. Methodology and practice. Publishing house Industrielle organization, Zurich 1997, ISBN 3-85743-973-4, S.562

Related links

• Project management software
• Process cost value analysis

Articles in category "Time cost progress diagram"

We found here 10 articles.

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