Patent ID: 7062449

Claim:
A method for monitoring and managing a project, comprising the steps of: breaking a current project into a plurality of tasks, wherein the status of said project is tracked on the basis of at least one task related event for each of said plurality of tasks; setting a tasking horizon based on a predetermined time interval; for each of said at least one task related event for each of said plurality of tasks, associating at least two predetermined verbs with the respective task related event; for each task related event expected to occur during said tasking horizon, assigning the task corresponding with the respective task related event if said corresponding task has not yet been assigned; receiving a respective predicted date for each task related event expected to occur during said tasking horizon; receiving a corresponding actual date for each task related event for which a predicted date was received; for each actual date received, receiving a verb associated with the respective task related event, said received verb being one of said at least two predetermined verbs; and capturing at least the predicted dates, actual dates and verbs received for each of said task related events, and automatically updating the project status in real time based on the captured information, to thereby provide accurate and real time data regarding said current project and said plurality of tasks of said project.