MTA (Milestone trend analysis)
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The MTA supports the project managers in that sense that it provides simple trend analysis charts with an overview of bottlenecks, already in the early stages. It also allows a realistic forecast of the progression of the project. [4] It therefore is a combination of history and forecast since it shows time-related discrepancies. It assesses the project’s health by allowing insights into the schedule. This can be seen as one of the MTA’s biggest advantages. <ref name="Wrike">M. Waida, “What is a Milestone Trend Analysis?,” Jul. 17, 2020. https://www.wrike.com/blog/what-milestone-trend-analysis/ (accessed Feb. 10, 2022).</ref> <ref name="PMHandbook">J. Kuster et al., Project Management Handbook. Springer-Verlag, 2015. [Online]. Available: http://www.springer.com/series/10101</ref> | The MTA supports the project managers in that sense that it provides simple trend analysis charts with an overview of bottlenecks, already in the early stages. It also allows a realistic forecast of the progression of the project. [4] It therefore is a combination of history and forecast since it shows time-related discrepancies. It assesses the project’s health by allowing insights into the schedule. This can be seen as one of the MTA’s biggest advantages. <ref name="Wrike">M. Waida, “What is a Milestone Trend Analysis?,” Jul. 17, 2020. https://www.wrike.com/blog/what-milestone-trend-analysis/ (accessed Feb. 10, 2022).</ref> <ref name="PMHandbook">J. Kuster et al., Project Management Handbook. Springer-Verlag, 2015. [Online]. Available: http://www.springer.com/series/10101</ref> | ||
| − | Those advantages are only applicable when regular reporting dates are set as well as the milestones for the subcategories of the project. Here it is important that | + | Those advantages are only applicable when regular reporting dates are set as well as the milestones for the subcategories of the project. Here it is important that the milestones as well as the dates are well defined. <ref name="PMHandbook">J. Kuster et al., Project Management Handbook. Springer-Verlag, 2015. [Online]. Available: http://www.springer.com/series/10101</ref> The method has its drawbacks in the lack of objectiveness that requires the projects participants trust towards each other. <ref name="Goal directed">E. S. Andersen, K. v. Grude, and Tor. Haug, Goal directed project management: effective techniques and strategies. Kogan Page Ltd, 2009.</ref> <ref name="Controlling von Projekten">R. Fiedler, Controlling von Projekten - Mit konkreten Beispielen aus der Unternehmenspraxis - Alle Aspekte der Projektplanung, Projektsteuerung und Projektkontrolle, 7th ed. Würzburg: Springer Vieweg, 2016.</ref> |
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Revision as of 17:20, 19 February 2022
created by Luisa Buchta
Abstract
Within project, program and portfolio management, the Milestone Trend Analysis (MTA) can be found under the section Uncertainty. It is a tool for Monitoring that is mainly used for Project Controlling. According to ISO 21502 Project Controlling covers monitoring and measuring performance against an agreed plan of projects, including phases and work packages. This also includes authorized changes. [1] [2]
The MTA is an effective tool to visualize the milestones within a project. It helps controlling the project by showing which milestone is ahead of, on, or behind schedule. The MTA uses different timelines: the reporting dates and the milestone dates. [2] [3] [4] The curves express the projects‘ performance. A horizontal line means that the milestone is on time, an increasing line reflects that the milestone is later than planned and the decreasing line shows that it is earlier than planned. [2]
The MTA supports the project managers in that sense that it provides simple trend analysis charts with an overview of bottlenecks, already in the early stages. It also allows a realistic forecast of the progression of the project. [4] It therefore is a combination of history and forecast since it shows time-related discrepancies. It assesses the project’s health by allowing insights into the schedule. This can be seen as one of the MTA’s biggest advantages. [5] [6]
Those advantages are only applicable when regular reporting dates are set as well as the milestones for the subcategories of the project. Here it is important that the milestones as well as the dates are well defined. [6] The method has its drawbacks in the lack of objectiveness that requires the projects participants trust towards each other. [7] [8]
Contents |
Main Concept
Definition of Milestone and Trend analysis
Description of MTA
Importance and relevance of performing MTA
Application
Graphical Background and Functionality
Application possiblities
Discussion
Advantages
Limitations
Annotated Bibliography
References
- ↑ International Organization for Standardization, "ISO 21502:2020 Project, programme and portfolio management — Guidance on project management", 2020
- ↑ 2.0 2.1 2.2 M. D. Alam and U. F. Gühl, “Project Phases,” in Project-Management in Practice, Springer Berlin Heidelberg, 2016, pp. 55–121. doi: 10.1007/978-3-662-52944-7_3.
- ↑ P. Stoemmer, “Milestone Trend Analysis.” https://www.project-management-knowhow.com/milestone_trend_analysis.html (accessed Feb. 10, 2022).
- ↑ S. Reister, “Milestone Trend Analysis - Free Tool for MS Project.” https://www.theprojectgroup.com/blog/en/milestone-trend-analysis-ms-project/ (accessed Feb. 10, 2022).
- ↑ M. Waida, “What is a Milestone Trend Analysis?,” Jul. 17, 2020. https://www.wrike.com/blog/what-milestone-trend-analysis/ (accessed Feb. 10, 2022).
- ↑ 6.0 6.1 J. Kuster et al., Project Management Handbook. Springer-Verlag, 2015. [Online]. Available: http://www.springer.com/series/10101
- ↑ E. S. Andersen, K. v. Grude, and Tor. Haug, Goal directed project management: effective techniques and strategies. Kogan Page Ltd, 2009.
- ↑ R. Fiedler, Controlling von Projekten - Mit konkreten Beispielen aus der Unternehmenspraxis - Alle Aspekte der Projektplanung, Projektsteuerung und Projektkontrolle, 7th ed. Würzburg: Springer Vieweg, 2016.
