Have you heard of Variances (schedule/cost) and their impact, trends. I would suggest to read them you will find answer yourself.
I am aware of variances and their impact on the project. However my understanding is that after performing all type of project analysis (Reserve analysis, trend analysis, EVM and variance analysis etc. ) in monitoring and controlling phase, PM communicates the project performance report to all the required stakeholders in the same phase. Then how it is communicated in executing phase ? If you can provide a short description that would be helpful.
Performance report at the execution stage will also enable the manager to further forecast or make any necessary changes in the previous plan as and when required.
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