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How to Create a Performance Measurement Baseline for Your Projects

ProjectManager.com

Ideally, project managers know better than to execute their project plans without a performance measurement baseline. A performance measurement baseline provides a window into the project that allows project managers to see roadblocks and resolve them before the project hits a dead end. Learn more.

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RAG Status in Project Management: Importance & Benefits

ProjectManager.com

The section on the project health goes over budget, schedule, quality and scope. Being at the top of the report, stakeholders can glance at the RAG status and get a quick understanding of whether the projects are on track in terms of their budget and schedule. There’s even a risk management overview. What Does Red RAG Status Mean?

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What Is a Balanced Scorecard? (Example & Template Included)

ProjectManager.com

Relatively new, the balance scorecard was introduced in 1992 by David Norton and Robert Kaplan, by taking existing metric performance measures and adapting them to include nonfinancial information. The balanced scorecard measures four aspects of a business or organization: finance, customers, business processes and learning and growth.

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Project Performance Reporting: Key Performance Reports

ProjectManager.com

Tracking project performance gives project managers the data they need to keep the actual effort of the project aligned with the planned effort and deliver the project on time and within its budget. But what exactly is project performance? Cost Cost is the filter by which you see the financial performance of a project.

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The 5 Phases of Project Management Process and Techniques

NimbleWork

Project management is a multifaceted discipline that combines techniques, processes, and strategies to plan, execute, monitor, and control projects effectively. The Five Project Management Processes: 1. Initiating: This process involves defining the project and obtaining authorization to begin work.

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How to Create a Strategy Map for Your Organization

ProjectManager.com

ProjectManager is award-winning project and portfolio management software that helps you create timelines and budgets for your organization’s projects and processes. Business Process Perspective This is where you define how you’re going to achieve your financial and customer goals. Let’s explain better what that means.

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Phrases Used for Technical Performance Measures

Herding Cats

Gary Bliss, Director Performance Assessment and Root Cause Analysis (PARCA), US Department of Defense. No matter the domain, the engineering development process, these concepts are applicable. Budget control is mandatory for any credible management of other peoples money. A Technical Performance Measure is described through.