Know Your S Curves

A project without ” S ” curves is a project without knowing what is going on. One of the most important tools to identify a status on any particular project is about deriving it’s S curve. It is important to achieve an S curve out of every project so that responsible people are aware about it’s performance. In today’s fast paced world getting work done on schedule and on time is paramount for every project managers .The reason why it is called an S curve is simply because while looking at the graph the shape of the line represented forms a S shape.

The shape of the curve is formed automatically with timely update on the project status. The bottom part of the curve signifies the project is just about to start. As and when the progress is made on the project it creates an upward slope which forms the middle part of the curve. It is during this period that the project team is heavily involved on working on the project and this is the point where major cost on the project is incurred. This area is the middle of the curve.

Once the project is due to complete, this forms the upper most part of the S curve where the work actually is almost complete and the growth of the curve begins to plateau. The most common use of S curve is to identify how well you have been doing against the Budget provided.

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Introducing Project Cost Estimator

Cost management is the number one factor during any project kick off and it is during this time that budget is estimated, allocated and controlled. Project managers play an integral role during these times ushering projects from inception all the way through completion. In the field of project management, cost estimation is the first factor associated with completing a project within the scope and timeline.

Everything from manpower to materials are the driving forces for the project from the start to finish. Managing those manpower and materials and knowing how much or how many are needed to drive the project in a very cost efficient without compromising on quality will be the successful criteria to decide the best project cost estimation tool. This application is mainly design focused and best suited for Building Construction and Maintenance where material transactions worth millions are estimated which needs to be costed and well managed to deliver high end critical projects.

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Introducing – Apex Petty Cash System

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