Project tracking excel template plays a vital role in terms of project progress tracking, monitoring. Although, all project activities have an impact on the ultimate goal of a project in terms of quality and performance.
Still, critical activities of the project along with key performance indicators (KPI) are used as tools to analyze the project performance during its life cycle.
Major activities that require to be properly tracked, monitored and analyzed from the very start of the project are; delivery of the work activities, consumption of key project resources, earned value analysis for checking the performance by comparing consumed resources with the work completed till date and milestones of the project.
Delivery of the work relates to the percentage completion of each project activity along with total time, human resource and budget consumed covers the aspect of resources.
Earned value analysis helps to understand the precision of our estimations for the timeline and budget required for the project. Milestones tracking is important for many reasons.