Productivity = Units of Input/Units of Output 2. How much are you getting out after all that you put into a project? The ideal productivity outcome is creating more for less. Productivity shows the relationship between inputs and outputs. This metric looks at overall capabilities of a company-how well it uses its resources. If you are just beginning to measure performance, get started with these 10 project management metrics to propel success: 1. Learn more: Workfront for Project Management Take each critical success factor for the project or program and identify how you will measure its fulfillment Understand the purpose or goal of the project or workĭetermine what critical success factors need to be fulfilled in order for you to succeed and achieve the goal There are three steps to choosing metrics: How do you choose metrics?Įach business or project requires unique metrics that align with its purpose or goal. This removes uncertainty so that all involved parties can make well informed decisions.įor example, if the allotted slack time is delaying subsequent task completion, you can make adjustments in slack time so the project completion date is not at risk. Relevant metrics enable you to improve your understanding of project management. While proving value is important, forward-thinking management places more value on improving performance. If a department does not produce or contribute to the measurable objectives of a company, a smart company would dissolve the department and move resources to another area that produces results. Return on Investment (ROI) is a widely used metric to show this value.
For example, an on-time delivery rate or the rate of meeting SLA. Project management metrics related to costs can prove the value of a team.
Relevant project management metrics will enable us to improve our understanding by removing uncertainty so that we can make well informed decisions.
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