To ensure that initiatives deliver the benefits they originally intended, an ongoing high-level monitoring of the project progress, including the realised value, is required. This can be done by transferring detailed project plans and status reports into an executive overview as shown in Figure 9. The technique used here is a classical Gantt chart, just on a high level of detail.
This executive overview report identifies the core activities within the project and the resources required to complete them. The realised value is measured based on the performance indicators which describe the relation of each process with the value-drivers. To keep the administrative effort as low as possible, it is recommended to focus this value realisation monitoring on those metrics that describe a strong relation between a process and a value-driver. Through this process, you control outcome and used resources of the project, resulting in an effective management of the value-realisation.
Figure 9: Executive Project Status Overview
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