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| Free Excel Project Management Tracking Template |
Free Excel Project Management Tracking Template
As a project manager, project tracking is one of the most critical duties under your charge. At any given time, you should be able to give an accurate project status report that includes how much actual progress has been made compared to planned progress.
Additionally, you should know what major tasks and milestones have been achieved and whether the project is on pace to meet its scheduled completion date. Without a project tracking system in place, you may lose sight of looming deadlines that could impact project delivery and be left scrambling when a higher-up requests a project update.
What is project tracking?
Project tracking is a method for following and monitoring the progress, or lack thereof, of the tasks and activities involved with a given project. Project tracking allows key personnel to know precisely where a project is in its life cycle and whether it’s on course for an on-time, on-budget delivery that will provide a valuable ROI.
Project tracking also helps project managers and stakeholders stay informed of what tasks and milestones have been accomplished, what resources have been used, and what adjustments or accommodations need to be made to account for unforeseen roadblocks that crop up along the way.
Why is project tracking important?
Project tracking is essential for project managers, team members, and stakeholders to stay in touch with a project’s goals, deadlines, and current status. When managing large, complex projects with multiple phases and milestones, project tracking helps ensure that deliverables are submitted on time and tasks accomplished according to schedule.
Project tracking also ensures that PMs are aware sooner rather than later if a project is veering off course, and clarifies why time tracking software is needed to manage any freelancers or contract staff. Additionally, a project tracker can help managers in pricing projects and identifying potential roadblocks before they become significant problems, potentially saving time, money, and resources spent on corrective actions.
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Reference: The Ultimate Guide to Project Tracking
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