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What is best method to monitor the engineering progress either based on manhours or cost or deliverables?

If Engineering company is providing weekly progress report, what is the best way to monitor the progress based on hours, cost or deliverables.

Project Control
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Question added by ZULFIQAR ALI , Planning/ Project Control Manager , King Abdullah University Of Science And Technology
Date Posted: 2017/01/09
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Jawahir Zulfiqar

I think it should be based on Man-hours. As cost is calculated based on man-hours so progress should be in man-hours also.

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