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A burndown chart or burn down chart is a graphical representation of work left to do versus time. [ 1] The outstanding work (or backlog) is often on the vertical axis, with time along the horizontal. A burn down chart is a run chart of remaining work. It is useful for predicting when all of the work will be completed.
In statistics, a misleading graph, also known as a distorted graph, is a graph that misrepresents data, constituting a misuse of statistics and with the result that an incorrect conclusion may be derived from it. Graphs may be misleading by being excessively complex or poorly constructed. Even when constructed to display the characteristics of ...
The Break-Even Point. The break-even point (BEP) in economics, business —and specifically cost accounting —is the point at which total cost and total revenue are equal, i.e. "even". In layman's terms, after all costs are paid for there is neither profit nor loss. [ 1][ 2] In economics specifically, the term has a broader definition; even if ...
A Gantt chart is a type of bar chart [4] [5] that illustrates a project schedule. [6] This chart lists the tasks to be performed on the vertical axis, and time intervals on the horizontal axis. [4] [7] The width of the horizontal bars in the graph shows the duration of each activity. [7] [8] Gantt charts illustrate the start and finish dates of ...
Earned value management is a project management technique for measuring project performance and progress. It has the ability to combine measurements of the project management triangle: scope, time, and costs. In a single integrated system, EVM is able to provide accurate forecasts of project performance problems, which is an important aspect of ...
A simple run chart showing data collected over time. The median of the observed data (73) is also shown on the chart. A run chart, also known as a run-sequence plot is a graph that displays observed data in a time sequence. Often, the data displayed represent some aspect of the output or performance of a manufacturing or other business process.
Control charts are graphical plots used in production control to determine whether quality and manufacturing processes are being controlled under stable conditions. (ISO 7870-1) [1] The hourly status is arranged on the graph, and the occurrence of abnormalities is judged based on the presence of data that differs from the conventional trend or deviates from the control limit line.
Retail sales in July roared back by 1%, and even though much of the gain came from vehicle and gas station sales, increases were broad-based. That followed a stronger-than-expected earnings report ...