Correct metrics to assess project performance
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How can a project manager be sure that he or she has chosen the correct metrics to assess project performance?
At what point should a project be cancelled?
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Correct metrics to assess project performance is provided in this solution.
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A project manager can be sure about the project metric's appropriateness to project performance by measuring the actual progress of the project with respect to factors such as costs, schedule, etc. If the project is running as per schedule and the costs are incurred as per budget and the constraints and bottlenecks during the course of the project are identified in advance and rectified immediately, then the project manager can be assured of the project's metrics in place. A good metrics will assist the deviations occurring in the course of the project with respect to various aspects well in advance. It will help in identifying the ...
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- BCom, SGTB Khalsa College, University of Delhi
- MBA, Rochester Institute of Technology
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