S Curve
S Curve
words.
I
NTRODUCTION
The
following explains what the mysterious S Curve is, why it is an important project
management tool, and how to generate one.
W
AN S CURVE?
An SHAT
CurveIS
is defined
as
"a display of cumulative costs, labour hours or other quantities plotted against time.
The name derives from the S-like shape of the curve, flatter at the beginning & end,
and steeper in the middle, which is typical of most projects. The beginning represents
a slow, deliberate but accelerating start, while the end represents a deceleration as
the work runs out."
(Source: PMBoK)
Figure 1: S Curve
TYPES OF S CURVES
The Man Hours versus Time S Curve is appropriate for projects that are labour
intensive. It shows cumulative man hours expended over time for the duration of
the project. As man hours are a product of man power and working hours, these
may be adjusted individually or together to ensure the project remains on schedule.
The Cost versus Time S Curve is appropriate for projects that contain labour and
non-labour (e.g. material supply / hire) tasks. It shows cumulative costs expended
over time for the duration of the project, and may be used to assist in the
calculation of the project's cashflow.
BASELINE S CURVE
TARGET S CURVE
CTUAL S CURVE
ACTUAL S CURVE
The production schedule is updated on a regular basis throughout the duration
of the project. These updates include the revision of percentage complete for
each task to date. Using this information, an Actual S Curve may be generated.
This S Curve reflects the actual progress of the project to date, and may be
compared with the Baseline S Curve to determine how the project is
progressing.
S Curves are useful for calculating the project's actual percentage complete
against baseline percentage complete, and for calculating the project's
percentage growth (or shrinkage).
W
HY USE
S Curves
are A S CURVE?
DETERMINING PROGRESS
Comparison of the Baseline S Curve and Actual S Curve reveals the progress of
the project over time. In most cases, the Actual S Curve will sit below the
Baseline S Curve for the majority of the project (due to many factors). Only
towards the end of the project will the curves converge and finally meet. If the
project is ahead of schedule, the Actual S Curve will rise above the Baseline S
Curve.
H
OW IS
A S CURVE
GENERATED?
In order
to generate
a S Curve,
a Baseline and Production Schedule are required.
These schedules should contain the following information for each task...
SUMMARY
SUMMARY
S Curves may be used by Project Managers to track the progress of their Projects.
Graphical tracking allows the quick and timely identification of potential problems
that could adversely affect the progress of the Project.
S Curves may also be included in the routine Progress Reports required by Senior
Management.