image missing Date: 2021-10-26 Page is: DBtxt003.php L0900-MM-Progress-Change-in-State-01a


TVM Principles / Core Concepts
PROGRESS / CHANGE in STATE
GO TOP SiteNav L0700-SN-07-TVM-MANAGEMENT Open L07-07-TVM-MANAGEMENT
PROGRESS is the increase in VALUE (of the STATE) from beginning to end of the period
What this means is that PROGRESS can be ascertained by reference to the change in state from the beginning to the end of any period, with no need to have any knowledge of the activities during the period. When this is made the central characteristic of progress measurement, it enables massive simplification of data collection and the analysis process. This idea is at the center of double entry accounting going back centuries, and is very powerful.

PROGRESS IS CHANGE IN STATE
Steady State
In this case the activities of the period do not change the state ... state at the end of the period (EOP) is the same as at the beginning of the period (BOP)
GOOD progress
There is GOOD progress when the activities of the period result in a state at the end of the period that is better than the state at the beginning of the period.
BAD progress
There is BAD progress when the activities of the period result in a state at the end of the period that is worse than the state at the beginning of the period.


SITE COUNT Amazing and shiny stats
Copyright © 2005-2020 Peter Burgess. All rights reserved.