55R-09Intermediate13 min read

Analyzing S-Curves

A beginner's guide to analyzing S-curves — the cumulative progress curves that show, at a glance, whether a project is ahead or behind, by plotting planned against actual over time. The most-used picture in project controls. Built on AACE International RP 55R-09.

What an S-curve is

The S-curve is the workhorse visual of project controls — the single most common chart in any status report. It takes the period-by-period data the controls structures collect (Module 4A) and renders it as a picture that anyone, technical or not, can read. Where a table of numbers hides the trend, the S-curve shows it.

Why the S shape — and what curves to plot

The shape comes from how projects spend effort: slowly at first (mobilizing, early design), rapidly through the middle (peak construction), then tapering at the end (commissioning, closeout). On the same axes you typically plot two or three curves:

  • Planned (baseline) — The cumulative plan — how value should accrue over time, from the schedule and budget.
  • Actual / earned — What's actually been accomplished or spent to date — the curve compared against the plan.
  • Forecast (optional) — The projected path to completion from today, given current performance.

Read the S-curve

Drag the reporting month to sweep the data date along the timeline. Watch the planned and actual curves diverge, and read the variance at that point:

S-curve & data date

Try it yourself

Drag the reporting month. The vertical line is the data date; read planned vs. actual % complete where it crosses each curve.

Planned % complete54%
Actual % complete42%
Schedule variance12%

Reading S-curves well

The S-curve's power is trend: a single point tells you where you are, but the shape over time tells you where you're heading. A gap that's widening each period is a project losing ground; one that's closing is recovering. Watch the divergence, not just the snapshot — and use it to forecast where the curves will end up if nothing changes.

Nine things to remember

  1. An S-curve plots cumulative value against time — planned vs actual.
  2. It's the most-used chart in project controls — the picture in every status report.
  3. "Cumulative" is the key word — the gap is the amount ahead/behind to date.
  4. The S shape comes from slow start, steep middle, tapering finish.
  5. Plot planned, actual/earned, and optionally forecast on the same axes.
  6. Below the planned line = behind; above = ahead.
  7. Watch the trend, not just the snapshot — a widening gap is a project losing ground.
  8. It's earned value, drawn — planned/earned/actual curves are PV/EV/AC.
  9. Don't plot spend alone — on-budget spending isn't on-schedule progress; plot earned value.

Glossary

Actual / earned curve
What's been spent / accomplished to date.
Cumulative
Running total to date — what gives the S its shape.
Data date
The point in time the curves are read at.
Earned value
Budgeted value of work done — the curve to plot.
Forecast curve
The projected path to completion.
Planned curve
The baseline: how value should accrue over time.
S-curve
Cumulative value plotted against time.
Variance
The gap between planned and actual (next lesson).

Check your understanding

1An S-curve plots cumulative progress against:
2At the default (month 6), the calculator shows planned 54% and actual 42% — the variance is:
3An actual curve sitting below the planned curve indicates the project is: