Planning & Scheduling Using Primavera Version 5.0 for Engineering & Construction: Planning and Progressing a Single Project Schedule With and Without Resources In An Established Project Environment

The process of Tracking Progress is used once you have completed the plan, or have completed sufficient iterations to reach an acceptable plan, and the project is progressing. Now the important phase of regular monitoring begins. Monitoring is important to help catch problems as early as possible, and thus minimize their impact on the successful completion of the project.
The main steps for monitoring progress are:
Saving a Baseline schedule, also known as Target. This schedule holds the dates against which progress is compared. An existing project may be used or an existing project may be copied and used as a baseline.
Recording or marking-up progress as of a specific date, often titled the Data Date, Status Date, Current Date and As-Of-Date.
Updating or Statusing the schedule with Actual Start and Actual Finish dates where applicable, and adjusting the activity durations and percent complete.
Comparing and Reporting actual progress against planned progress and revising the schedule, if required.
Comparing the status of an activity against more than one Baseline is useful, for example:
The original plan, which could be Baseline 1, to see the slippage against the original plan.
Last Period, which could be Baseline 2, to see the changes since the last update.
By the time you get to this phase you should have a schedule that compares your original plan with the current plan, showing where the project is ahead or behind. If you are behind, you...