Frequency Promotes Accuracy
It’s important to frequently review and update plans to ensure they
reflect both current conditions and projected changes. Regular
reviews are needed to update project status and priority,
track performance, and adjust schedules and
resource capacity forecasts. Project and portfolio
managers need access to real-time data to stay on top
of planning and execution. Frequent revisions to plans
also reduce overcommitment of resources.
Because it’s common for projects to be added or canceled
after annual budgets are set, frequent planning cycles
enable companies to adapt and reprioritize quickly.
akeaway: Revisit the plan often to support the
changing needs of the business and new market demands.
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