Key Performance Indicators (KPIs), as the title reflects, are indicators to measure performance. Project Management is a system put in place to ensure the projects are delivered at highest possible performance, meeting deadlines, budgets, milestones etc. Therefore, KPIs are a perfect complement for project management and act as great tools to manage the project and review its performance.
So, let’s look at what areas of project management could benefit from KPIs:
Project Budget
Project Goals
Project Task Management
Project Schedule
At winningkpi.com we have created for you a wide range of Project Management KPIs, covering the areas above. The main sections of our KPIs measure the topics below. I also added for you some KPI titles you will find on the website.
Project Task Management
Measuring of Backlog of Project Tasks">
Measuring of Number of interdependencies between project tasks ">
Schedule Management
Measuring of Schedule Performance Index (SPI)">
Measuring of Deviation of planned time schedule ">
Project Costs/Budget
Measuring of Ratio Total Employee Costs vs. Total Non-Employee Costs">
Measuring of Deviation of planned budget">
Project Goals Management
Measuring of Deviation of planned budget">
Each KPI has one or more comments under it with further explanations. If you don’t find what you are looking for, POST IT! You will get support from our team of professionals, or from fellow business users.
In order to make the most out of our Project Management KPIs, check out the best practice tips below. They will help you take 100% benefit from the KPIs here at winningkpi.com.
Personalize them!
Ensure they measure what you need measured. We have a wide range of Project Management KPIs to choose from. Identify what you need to measure, take our examples and adapt them to your situation. If you’re not sure what you want measured, that’s fine. All you need to do is browse through our KPIs, take a note of what you would like to measure, and then apply it to your business needs. Post a request for specific KPIs or a comment under an existing KPI and we’ll help you with the process.
Make them strategic!
KPIs, as their name reflects, are tools to measure performance. In simple words, performance measures how well the company is working towards meeting strategic goals. Therefore, it is very important that the KPIs are aligned with the overarching project strategy. Also, ensure to get the KPIs in line with the team strategies as well as the organizational goals.
Make them measurable!
Just like objectives, KPIs need to the SMART (Specific, Measurable, Achievable, Realistic and Time Scaled). If possible, set KPIs for all project team members and be transparent of how individual performances work towards project performance and organizational goals.
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