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List some of the key KPI’s that you would use to monitor the progress of a project. Briefly explain each KPI.

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Question added by Themali Silva , Advisor IT Technology Partnership , Air Canada
Date Posted: 2014/08/11
Raafat Sallam
by Raafat Sallam , Organizational Development and Training Consultant , Training Centers, Marketing Organizations.

1- Project Plans (project management plan plus scope, cost, quality, ... plans)

2- EVM - Earned Value Management, which control each of: Scope, Cost, and Schedule.

3- Customer Satisfaction

4- Quality Metrics, according to the application area we have different standards

5- Technical performance measures.

Socrates Chinniah
by Socrates Chinniah , Manager - Strategic Planning , TechnipFMC India

Time schedule adherence - Ability to deliver the deliverables on time . You can have the target depending upon the management decision of having the clients deadline as target , but its more advsiable to have a internal schedule which is ahead of clients promised delivery schedule, This way you can ensure some contingency is available

Productivity - Amount of time taken to complete the task / activity deliverable against standard set benchmarks , This way you can keep track of tasks that are consistently out of target and also ensure you would have a proper benchmark system in place to measure your tasks / activity / deliverable. 

 

Worked hours on a project - This is close to the productivity , here its at higher level . You can measure the amount of hours worked by specific business unit on a project. You can also measure the amount of hours saved against the budgetted hours.

 

These are few basic KPI's , which can help with the progress of the project , If you are interested in more scope than project progress, You can look at Financial parameters , Customer satisfaction paratmeters and parameters related to HR attributes . 

zafar abbas minhas
by zafar abbas minhas , Freelance Writer , DAILY MASHRAQ

AGREED WITH MR.SOCRATES========= BEST PRESENTATION.

Salauddin Mohammad
by Salauddin Mohammad , Sr. Manager, Software Development , Aspen Technology Inc

Well, I have a baseline plan for Schedule, Cost, and Scope Management. During project execution, I update the project plans with progress data and I create projections (date of completion, quality at completion (based on historical data), cost at completion) and I compare this against baseline. Variations of above the limits of +/-10% I view as an Issue and take necessary steps to bring the project back on track...

MUHAMMAD ZUBAIR HAKIIM KHAN
by MUHAMMAD ZUBAIR HAKIIM KHAN , Director "Audit & Compliance" , Pakistan Defence Officers Housing Authority

Asset safeguard

Timeline

Ratio of work Completion vs Work remained

Cash flow management

Charge off Assets 

Inventory maintence vs adequate level of inventory management

Witnessing Cost deviation 

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