Risk analysis becomes the basis for contingency planning. The SPI is an efficiency rating for work accomplishment,comparing work accomplished to what should have been accomplished. The scope is the sum of work content of a project. The gradual addition of extra effort or the size of deliverables. However, the cumulative effect of additions on the project can be extensive.
Stakeholders are the people who have a vested interest in the outcome of the project.
This may be expressed in terms of duration or percentage. Written reports given to both the project team and to a responsible person on a regular basis stating the status of an activity, work package, or whole project. Status Reports should be used to control the project and to keep management informed of project status . A Target Finish date is used if there are predefined commitment dates. Most PM software will not schedule a Late Finish date later than the Target Finish date.