The forecast dressed as an update
Progress assumptions that are not supported, combined with a target finish, can obscure actual status. Recorded progress should stay distinct from forecasts.
General contractors, subcontractors and construction managers

For contractors
Schedule updates can provide information about progress, actual dates, remaining work and forecasts. Their relevance to a later analysis depends on the project facts, the available records and the questions presented.
An update may combine recorded progress and forecasts. Where information is missing, inconsistent or revised, a later analysis may consider other project records and explain the basis and limitations of any reconstruction.
Updates may record actual dates, remaining durations, progress and logic revisions. Their content, timing and supporting records affect their use in project administration or later analysis.
Updates may be used for current forecasts and as part of the record of project progress. Differences between recorded facts, estimates and later revisions can be considered in context.
Actual dates not recorded in schedule updates can often be reconstructed forensically from the project record, including daily reports, pay applications, meeting minutes, correspondence and photographs. Reconstruction often involves additional effort, and its reliability depends on the completeness and quality of the available records.
Logic revisions may affect calculated dates and the interpretation of progress. Analysts may consider what changed, its timing, supporting reasons, significance and other available records.
A series of updates may help explain changes in progress, logic and forecasts over time. Where updates are incomplete, other project records may contribute to the analysis.

Questions an assignment may address
Daily reports, quantity records and superintendent input, obtained in the period rather than assembled from memory at the end of it.
Actual starts and finishes as they happened, remaining durations that reflect the site, and progress measured against installed work rather than estimated by feel.
What was revised, why, and what it did to the calculated finish. A written reason lets a reader tell a justified revision from an unexplained one.
A short account of progress, changes and emerging delay, the thing that turns a file of schedule versions into a story a reader can follow.
Considerations and limitations
Progress assumptions that are not supported, combined with a target finish, can obscure actual status. Recorded progress should stay distinct from forecasts.
The treatment of incomplete work can affect progress measures and forecasts. Its significance depends on the work, measurement basis and available information.
Logic revised between updates with no note of what changed or why, which makes the whole series look arranged after the fact even when it was not.
Prepare Schedule Updates
Also in this practice