Project leaders must track project status in order to ensure the project is being executed correctly. Project scorecards can be updated through a series of meetings with team members, and then shared with project leaders to provide transparency and accelerate issue resolution. Project meetings should be sequenced to allow information to flow from the functional teams to the project sponsor.
- One of the biggest challenges a leader faces…is how to track the status of a project…once execution begins.…In this video, we'll look at how to use routine meetings…and a project scorecard to make sure that everyone,…including the leader, stays up to date with the project.…A project scorecard is a document…that captures key information…that helps you quickly understand the status of a project:…how are things tracking in regards to scope,…schedule and budget?…There are quantitative project metrics…that you'll want to track,…such as whether activities are on schedule,…and of course, metrics related to the budget.…
But there is also qualitative information…that can be valuable,…such as the highest priority issues, risks,…and potential scope changes.…If you'd like to see the project scorecard for H+ Sport,…you can download it from the exercise files for this course.…When it comes to maintaining…communications about project status,…I find that it's useful to schedule short, focused,…routine meetings, either in person or over the phone.…
- 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
Next steps2m 37s
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