Gantt charts indicate

  1. Comparison of actual progress with the scheduled progress
  2. Balance of work to be done
  3. Progressive cost of project
  4. Inventory costs

Answer (Detailed Solution Below)

Option 1 : Comparison of actual progress with the scheduled progress
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Gantt charts are mainly used to allocate resources to activities. The resources allocated to activities include staff, hardware, and software. Gantt charts are useful for resource planning. A Gantt chart is a special type of bar chart where each bar represents an activity. The bars are drawn along a timeline. The length of each bar is proportional to the duration of time planned for the corresponding activity.

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