How is effort monitored onto a project, Business Economics

How is effort monitored onto a project? It is significant that the effort to be spent onto activities is reassessed on a regular basis – why is it so very important?

Effort is best measured through asking team members to maintain timesheets, demonstrating where exactly – on that tasks – work has been completed.  It is significant so that the project manager can remain track of effort and re-evaluate what the last outturn of the project is probable to be.  Additionally, the effort figures will give valuable data for people who may be attempts to estimate same projects in the future.

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