S-curve is a graph that shows how a project or action has changed over time. Its name comes from the fact that it looks like the letter “S.” The S-curve is often used in project management to track how far along a project is compared to when it was supposed to be done.
The vertical line of an S-curve shows how far along the project is, which is generally measured in terms of money, work hours, or pieces finished. Time is shown on the bottom line. The S-curve starts out slowly as the project team ramps up its work and resources are assigned. As the project goes on, the curve’s slope gets steeper, which shows that work is being made faster. Finally, the curve starts to flatten out, which means that the job is almost done.
The S-curve is a useful tool for project managers because it helps them see how the project is going and spot problems or possible delays early on. It can also help project managers predict how things will go in the future and change the project plan to fit.
Some of the most popular ways S-curves are used in project management are:
Planning resources: S-curves can help project managers find the best way to divide up resources by showing them when demand and supply are at their highest.
Cost control: S-curves can be used to keep track of how much a project costs compared to the budget. This lets project managers see when costs go over budget and take steps to fix the problem.
Schedule management: S-curves can help project managers keep track of how far along the project is in relation to its schedule and spot any possible delays.
Overall, the S-curve is a useful tool for project managers because it lets them track progress, predict what will happen in the future, and take appropriate action when needed to make sure the project is successful.
