Guessing is not a strategy: How to build decision velocity with AI and real-time data
June 10, 2026 | Live Webinar
Where Are We?
Some projects require extremely rigorous tracking. However, for many initiatives, tracking time, cost and deliverables doesn’t have to be complex to be useful. Here are two relatively simple, fast ways to monitor progress and gain a better understanding of where your project is.
To manage your project, you must know where you wanted to be (that’s defined in your project plan) and where you are (current project status). The current project status is something that people sometimes think means progress against budget (if cost is the least flexible element) or progress against schedule (if time is the least flexible element). However, if you measure a project’s progress against just one parameter, you have a very lopsided picture of the project. Let’s look at an example.
Suppose Patty was assigned a task to write a particular section of code for a new application. The schedule estimates that it’s 10,000 lines of code and that it should take her 14 workdays to accomplish this. For the sake of this example, let’s assume Patty makes $25/hour. At the halfway mark, on Day 7, Patty has 7,000 lines of code complete. What is the status of the task and how does that impact the project? You could say that since she’s seven days into the task that she must be 50% complete (schedule). However, she has 7,000 lines of code written, you could also say that she is 70% complete (lines of code …
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Sometimes the road less traveled is less traveled for a reason. - Jerry Seinfeld |