This is a project management measuring tool that is one of the coolest things I've ever seen for how to look at a big project. They should do these for any government or Big IT project. It seems complicated at first, but I tried to explain exactly how it works in this. I did not create it, first saw it in 1994/1995. I made this file to try to explain it to others (still is confusing), but please comment if you know its origins.

1. 1Jay Martin Month Year FileName.ppt
Powerful Project Measuring Tool
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Phase 1
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2. 2Jay Martin Month Year FileName.ppt
Measuring the performance of a project, during the project, is
complicated but requires monitoring two things – time & resources.
Project Measurement Introduction
• The team or people concerned with the project need to know:
• Status - current status with respect to Milestones completed
• Expenses to Date - Value of resources expended to date
• Elapsed Time - Time elapsed since start
• Projected Completion Date(s) – for current and future milestones
• Projected Expenditures for Completion – dollars, man-hours, etc.
• As the project progresses, it is only logical to assume the the dates and dollars will
change with time and that as completion nears (either for the entire project or
specific milestones), those estimates will become more accurate.
Though quality of the results of the process is important, it is more of
an end-process measure versus a metric to be monitored in-process.

3. 3Jay Martin Month Year FileName.ppt
It appears complicated at first, but it is actually simple and powerful.
Project Measurement The Tool
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Red lines signifies initial planned dates and dollars
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4. 4Jay Martin Month Year FileName.ppt
The example on the previous page is for a 3-Phase Project which has
already been completed. From the chart we can deduce the following.
Project Measurement Understanding the Example
• The original completion dates and expenditures for the phases were:
• Phase 1 – Week 6, $600k
• Phase 2 – Week 9, $1.2 MM
• Phase 3 – Week 12, $1.6 MM
• The actual completion dates and expenditures for the project were:
• Phase 1 – Week 8.5, $800 K
• Phase 2 – Week 13, $1.15 MM
• Phase 3 – Week 18.25, $1.65 MM
The initial projections are the intersections with the X & Y axis while
the actuals are at the intersection of the two lines (Black Balls).

5. 5Jay Martin Month Year FileName.ppt
To explain how to read and create this, we will take the previous
example (only Phase 1) and show where the info might come from.
Project Measurement Explanation
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Phase 1
During
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1. (In our example we will only do one phase, but
same rules apply for all). The first 2 points are the
initial projections for Total Project Time (X, Y=0) and
Total Resources (X=0, Y). In the example you can
see it was projected at the start that Phase 1 would
need 6 Weeks (6, 0) and $600K (0, 600). These two
points which intersect the axes become the starting
points for the two lines which end at Ball 1.
2. Points A and B represent two separate lines which
start at either axis. The points on the line ending
with A are the “Expected Value” of the cost of Phase
1 at each time on the X Axis during the progression
of Phase 1. The other line, B, is the “Expected End
Date” of Phase 1 at each given dollar level spent.
(X,Y) =
Line A – (Real Time, Projected Total Dollars)
Line B – (Projected Total Time, Real Dollars)
3. The confusing part is when to plot another point.
You can do this at selected times or dollars (does
not matter). If you use only time, then remember
that the dollar numbers will not be nice and even as
in the example. This example has A taken at Week
6 with a projection of $775k to finish. B is after
$550K, they expect to finish in 6.5 weeks. Here
Week 6 & $550k are the time this point was plotted
and the actual dollars spent to date.
4. As you plot the two lines during Phase 1, you notice
that as the end draws near, their accuracy increases
and they begin to converge, just as “Actuals” and
“Projections” would naturally come closer (Ball 1).
Steps Needed to Create/Update Tool
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Phase 1
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6. 6Jay Martin Month Year FileName.ppt
Some tips on using this.
Project Measurement Additional Comments
• When doing this, you plot all of the lines (for all phases) whenever you take a data
point (you can simply add on slippage from current phase to recalculate others).
• Study the example and understand that:
• There are two lines which use four datum:
• (1) Actual time (today) versus (2) Expected Complete dollars of the Phase
• (3) Actual dollars spent versus (4) Expected Date of Phase Completion
• Points can be plotted whenever you wish, with the lines coming together at the
end of the Phase.
• Anyone you use this with will need it explained in person until they get it.
• I have no idea who invented it, nor have I ever seen it explained thoroughly, BUT I
did find a reference in Shina’s Concurrent Engineering (p45), though they have
no reference to its creators nor is it explained well other than a name “the Bug
Chart”.