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Interpreting S-Curves

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Your question is Interpreting S-Curves. Take a moment with it on the right.

Talk me through your thinking if you like. When you're confident, submit your answer and I'll grade it like a real screen (7/10 or better passes).

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Problem

Can you explain how to interpret an S-curve, and what a sudden flattening of the cumulative cost curve indicates about project health?