article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Project Performance Reporting: Key Performance Reports

ProjectManager.com

The overall measurement of project performance metrics will look at the objectives and requirements of scope, cost and schedule or the project management triangle. This is done during the execution phase and the monitoring and controlling phase of the project, two project management phases that overlap.

article thumbnail

Cost Performance Index (CPI) In Project Management

ProjectManager.com

There are four—planned value, cost variance scheduling performance index and schedule variance —that we’d like to highlight. Planned Value (PV) The planned value in a project is another way of saying the budget for the work that is scheduled for execution. It measures how much the project is ahead, behind or on schedule.

article thumbnail

Operational Efficiency: A Quick Guide

ProjectManager.com

This is executed by streamlining operations to work more cost-effectively. It makes sense that operational efficiency should be top of mind, especially for executives. you want to always be measuring performance. Reports can be generated with a click and easily shared with executives. Connect Everyone in Real Time.

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. Key performance indicators (KPI). KPI measurement frequency.

article thumbnail

9 Types of Artifacts in Project Management

Rebel’s Guide to PM

Here are some examples: Budget Milestone schedule Scope baseline Performance measurement baseline. We create baselines throughout the project. They represent approved versions of whatever plan they relate to. Baselines will be created and updated as the project progresses and as major changes happen. Visual data and information.

Logistics 509