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alexandrabuga replied to the topic Things help to understand project status other than project matrix in the forum Project Management Process and Medical Device Development 7 years, 2 months ago
You could monitor progress by looking at EV and SV.
Earned Value-the value of the work you have completed so far. Earned Value=Percent complete*original budged cost of task
Schedule Variance (SV)= EV- Planned Value (PV)
If you have a positive SV, that means you are ahead of schedule. If you have a negative value, that means you are behind schedule.