Program updates are about the forecast, not the history. The schedule is a dynamic model and must accurately reflect the project's current status and future plan.
The schedule needs to be updated at regular intervals by recording the status of activities. The update frequency will depend on the project type and phase. A clear update and reporting process should be established early on.
Physical progress and remaining duration should be de-linked in the program — many activities do not involve linear production, so a physical % complete does not directly dictate the remaining duration or expected finish.
Program inputs and status updates should always be done in face-to-face meetings with those who are closest to the information.
No significant impact on the overall program. Typical causes: more detailed information becoming available, subcontract letting with alternative sequences, minor variations, or minor mitigation actions with no cost impact. Minor revisions typically do not require re-baselining, unless they significantly alter the critical/near-critical path or end dates.
Definite impact on the overall program and/or significantly changes the schedule methodology. Causes include: significant scope changes, major variations, changes to contract completion dates, major delays, or instructed acceleration. Major revisions require re-establishment of a revised Baseline program.