Project metrics are a suite of parameters that we choose during the planning phase and then monitor and analyze during execution to help us make course corrections. They inform us of our performance against the plan and trigger us to take actions when unfavorable variances are detected. Project success is dependent on the relevancy, accuracy, and timeliness of those metrics.
In this blog, I’m going to provide a different kind of perspective on project management metrics than you may have seen before, and I’ll offer some new ideas for metrics that I believe will improve the probability of project success.
Projects are executed by people who perform a logic-linked network of knowledge transactions. Throughout the transaction network, interim sub-products are created at network nodes, and ultimately at the end of the network they are combined into final deliverable products that are essentially the artifacts of the aggregated project knowledge transactions…
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