How can I tell if the project is on track as we go along?

So you've kicked off the project and the team is burning daylight developing the product, but you're not sure how to tell if the project is on track. This is one of the project manager's primary functions—watching and judging true progress and helping make sure the project stays on course. But what does "on track" really mean? There are actually a couple of levels of being on track. First, and possibly what most people think of first, is…

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