S Curve Definition
What is S Curve Definition ? In this article we will talk about that. This is the beginning of Project Management. Before you know more about Project Planning, you should know at least what s curve definition is and how it works. Yesterday, we have presented the Project Management S Curve. Today let us talk again about the s curve definition.
What is S Curve Definition ?
According to Business Dictionary, S Curve Definition is a type of curve that shows the growth of a variable in terms of another variable, often expressed as units of time.
For example, an S curve of the growth of company sales for a new product would show a rapid, exponential increase in sales for a period time, followed by a tapering or leveling off. The tapering occurs when the population of new customers declines. At this point growth is slow or negligible, and is sustained by existing customers who continue to buy the product.
Based on Max Wideman, S Curve Definition is A display of cumulative costs, labor hours or other quantities plotted against time. The name derives from the S-like shape of the curve, flatter at the beginning and end and steeper in the middle, which is typical of most projects. The beginning represents a slow, deliberate but accelerating start, while the end represents a deceleration as the work runs out.
There are a variety of S-curves that are applicable to project management applications, including:
Man Hours versus Time S-curve
Costs versus Time S-curve
Value and Percentage S-curves
Plan Academy explained that S Curve Definition is a graph of the expenditure of project resources over time. Typical S-curves graph either costs or resource hours over time. The S-curve graphs the cummulative value of expenditures on the y-axis, giving the graph it’s S shape. S-curves will often graph planned values, with the actual curve overlayed for comparison. The real benefit of the S-curve is that it shows the total value at any point in time. The shape of the S-curve can reveal important information about the trend in spending or in resource utilization.
So, that is it. That is S Curve Definition based on several experts in Project Planning. We hope that this article is useful for you. For more articles about Project Planning, you can start by clicking these following links.
Project Management S Curve. – Primavera P6 Project Management Brief Explanation about its features. – Primavera P6 Project Management Software Free Download. – Open New Project in Primavera P6 Project Management. – Print Primavera P6 Layout Sheet. – Primavera P6 Calendar (5 Important Things You Have to Know). – How to Install Primavera P6 SDK. – Primavera P6 SDK Free and Paid Tools. – 4 Simple Ways to Show Critical Path in Primavera P6. – Project Management Gantt Chart (Advantages-Disadvantages). – What is GAntt Chart ?. – Online Gantt Chart Maker.