Please provide assistance and ideas to compare and contrast at least three performance measurements. Discuss the importance of performance measurement within a project (APA format)
If accessible, please follow these textbooks:
Kerzner, H. (2006). Project management: A systems approach to planning, scheduling, and controlling (9th ed.). Hoboken, NJ: Wiley.
Meredith, J. R. & Mantel, S. J. (2006). Project management: A managerial approach (6th ed.). Hoboken, NJ: Wiley.
The purpose of Performance Measurements in project management is to determine if projects are accomplishing their objectives. If projects are not accomplishing their objectives, then Performance Measurement can be used to implement changes and then measure the effectiveness of those changes.
The type of performance measurement selected, depends on the type of project, the business of the company, the strategy of the company and the audience the measurements are being presented to. For example, people in finance are going to be more interested on Return on Investment or Cost of Quality while people in customer service will be more interested in Customer Satisfaction as a Performance Measure.
Some of the measurements ...
The solution compares and contrasts three performance measurements within a project.