Essential strategies from Harold Kerzner on measuring project management performance The maze-like path of today's projects reflects a business environment that's growing in complexity. Factors influencing projects, such as new advancements in computer technology, an unpredictable economy, and the increase...
16. Establish Project Management Metrics and KPIs Without a way to measure project success, it’s impossible to categorize how projects went. Examples of key performance indicators or project management metrics include schedule adherence, resource utilization,cost varianceand stakeholder satisfaction. These...
Today, with the growth of complex projects, stakeholder involvement in projects, advances in computer technology for dashboard designs, metrics, and key performance indicators for project management have become an important focus. This Second Edition of the bestselling book walks readers through everyth...
Monitoring and Measurements of Success: List any project-monitoring methods you will use to track project progress, as well as the key performance indicators (KPIs) you will apply to measure your project’s performance and to quantify its benefits. Project Roles and Responsibilities: List the pro...
So, the KPI = the “big goal,” and the KPM = metrics you track to get there. So now, let’s go over some of the best “big goals” to set up for your projects. How to Choose the Right KPIs For Your Project There are many project types out there, and luckily there are just...
We spoke earlier about the importance of shared goals. It was also agreed upon by team members that the goals needed to be specific, measurable, and time-bound. It is essential to establish (and agree upon) appropriate metrics and Key Performance Indicators (KPIs) to ensur...
Establish Project Metrics and Key Performance Indicators (KPIs):Next, determine whatproject metricsand KPIs need to be tracked. Common examples include schedule variance, cost variance, return on investment and more. Set Up Project Controls:Then, set upproject controls, which are the processes, tool...
Resources are another performance measurement. In project performance, you’ll want to keep an eye on five key performance indicators (KPIs): utilization rate, billable vs. non-billable hours, schedule variance, scheduled vs. actual hours worked and revenue per resource. Utilization rate is the nu...
domains – elements, quantities, costs, resources, automatically linked to each one of thousands of generated tasks. Precise, element-based progress monitoring allows us to accurately track our projects’ KPIs, and clearly present them to our project leadership enabling data-driven construction ...
Identify Key Performance Indicators (KPIs) Determine the KPIs that are relevant to your project and align with your objectives. These could include metrics such as project progress, budget, resource utilization, task completion, and customer satisfaction. ...