Project metrics are important for tracking the progress of a project team. Project metrics include project progress, budget performance, safety, and others. Develop a project scorecard before executing the project plan. This video includes an example of a project scorecard for learning how to develop and track metrics.
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- I'm a believer in the saying,…"What gets measured gets done."…Developing your project metrics…is part of resolving to a course of action.…So in this video we'll talk about…how to measure project performance…to make sure that you're getting the results you need.…A metric is just a measurement.…It's an indicator…of how some aspect of your project is performing.…You'll sometimes see metrics called…key performance indicators, or KPIs for short.…Some metrics are precise and mathematical.…
But metrics can also be subjective and qualitative.…Almost every project needs to keep track…of how three basic things are doing:…the schedule, the budget, and the people.…The project plan makes tracking the schedule pretty easy.…One of the metrics that I find useful…is the percentage of activities…that have been completed early, on time, and late.…But there are other schedule metrics that can be useful too,…such as the percentage of work completed…or the percentage of time remaining.…
You probably want to have metrics around money.…
- Defining the vision
- Documenting the project scope
- Investigating potential options
- Conducting a SWOT analysis
- Selecting a course of action
- Resolving issues
- Building trust with transparency
- Managing project plans
- Identifying risks
- Changing processes
- Helping people transition
Skill Level Intermediate
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