Remove Defining Remove Industry Remove Monitoring Remove Performance Measurement
article thumbnail

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. The balanced scorecard is also a means to measure and provide feedback to businesses and organizations. Targets Targets are the goals you want to achieve.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Industry-specific artifacts are not mentioned either, so if you work in a highly regulated field then some of the standard documents you’d expect to produce might be missing. What is an artifact?

Logistics 509
article thumbnail

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).

article thumbnail

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. Industry-specific artifacts are not mentioned either, so if you work in a highly regulated field then some of the standard documents you’d expect to produce might be missing. An artifact is something you create.

Logistics 253
article thumbnail

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.

article thumbnail

125 Project Management Buzzwords

The IIL Blog

The industry didn’t matter; it was about translating my work experience into specific project management industry-recognized terms and managing projects. It’s not just about showcasing the work you have done; it is about framing it in a language that the industry understands.