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

ProjectManager.com

If you’re not familiar with a balanced scorecard, we’ll define the term and show the four perspectives it tracks as well as explain what should be included in a balanced scorecard. To better illustrate how a balanced scorecard works, we’ll also show an example of one and then share a free template to help you get started with yours.

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RAG Status in Project Management: Importance & Benefits

ProjectManager.com

Then we’ll define RAG status tolerance and go into the various project professionals who use RAG status when evaluating a project. When using RAG status, it’s first important to know how to define each color so you can use it to track your projects. You need a way to quickly and expertly evaluate whether project goals are being met.

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Cost Performance Index (CPI) In Project Management

ProjectManager.com

We’ll discuss what the cost performance index does and how it does it below. We’ll share the formula for calculating the cost performance index in project management and even provide an example to better illustrate how it works. What Is the Cost Performance Index (CPI)? That gives us a cost performance index of one.

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9 Types of Artifacts in Project Management

Rebel’s Guide to PM

In project management, artifacts relate to documents: the project documentation you produce that defines and supports the work you are doing. For example: a project management artifact is the project closure document. Here are some examples: Budget Milestone schedule Scope baseline Performance measurement baseline.

Logistics 509
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Project Artifacts and How to Use Them

Rebel’s Guide to PM

Mostly, the term refers to the project documentation you produce that defines and supports the work you are doing. For example: a project management artifact is the project closure document. For example, an estimate is the obvious output of the estimating process, so estimates aren’t mentioned again as a separate project artifact.

Logistics 253
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Performance Reporting for Projects: A Quick Guide

ProjectManager.com

For a successful project, you need an overall picture of your work performance information (WPI). Performance reporting provides that information by putting performance measurement, quality assurance and accountability data in context. What Is Performance Reporting? Key performance indicators (KPI).

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10 Manufacturing Key Performance Indicators (KPIs)

ProjectManager.com

Manufacturing KPIs are like any KPI in that they’re a metric to quantifiably measure performance over time; in this case, the KPIs focus on manufacturing. In terms of manufacturers, these KPIs are used to monitor, analyze and optimize operations. When defining metrics to use for KPIs, it’s best to follow the SMART method.