Progress Tracking is an essential component of the modern business world. It is defined as the process of monitoring and measuring progress towards a set of predetermined outcomes or objectives. It is used to measure the progress of a project, program or initiative over a given period of time. Progress Tracking allows businesses to make informed decisions that are based on accurate and up-to-date data. This helps them to optimize performance and ensure that they are meeting their short-term and long-term goals.
Progress Tracking also helps to identify areas of improvement and areas of success, allowing businesses to make the necessary changes and adjustments to their operations. It also helps to identify potential problems before they become serious issues and allows businesses to take corrective action to avoid them in the future. By tracking progress, businesses can better understand their performance, pinpoint any areas that can be improved, and identify any areas of success.