From PMO to VMO

5 Tracking and Monitoring Program Flow

Historically, projects and programs have been tracked and monitored along the triple constraints: scope, schedule, and cost. Using these as sole measures of progress has proven to be quite problematic, as scope is often variable, schedules are usually assessed through unreliable artifact-based milestones, and costs vary in tandem with changing scope and schedule. In fact, even as triple-constraints thinking has dominated the project management space, we have struggled to ensure on-time delivery of product scope within cost and quality constraints. Tracking and monitoring project or program progress in a ...