Project Management: Performance Metrics Matter
Numbers are the lifeblood of your project or business. Ignoring certain metrics will ensure failure! Here are project management performance metrics that matter to all managers.
project management, management, time tracking, total quality management, six sigma, leadership, business development
A study has shown that many project managers do not sufficiently keep track of the performance metrics of their teams. This results in consistent cost overruns, going over schedule, failing to meet expectations in quality, and seeking new employment elsewhere. Think about it, what are you managing really if you dont even know the metrics? Is management merely a process of simply checking off to do lists for you? It shouldnt be. Heres why.
In order for management to make decisions, data is critical. Data shows helps you define your benchmarks, and also define forecasts for improving upon baselines for continued company expansion and growth. Things such as Total Quality Management, Improvement Teams, Standards and Measurement departments, Process Management, Quality Circles, Six Sigma, etc are not just buzz words people. Pick a system for measuring and quantifying your data and quickly measure the lifeline of your project vis a vis you
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