article thumbnail

Webinar Recap: Project Performance Measurement – Part 1: Overview Of Project Performance Measurements

MPUG

Please find below a transcription of the audio portion of Fletcher Hearn’s session, Project Performance Measurement – Part 1: Overview Of Project Performance Measurements, being provided by MPUG for the convenience of our members. Kyle: Hello, and welcome to part one of MPUGs Project Performance Measurement course.

article thumbnail

125 Project Management Buzzwords

The IIL Blog

Earned Value Management (EVM) A systematic approach to project performance measurement assessing schedule and cost performance. Key Performance Indicator (KPI) Key Performance Indicators are quantifiable metrics used to assess employee, project, and organizational performance. a project).

Insiders

Sign Up for our Newsletter

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

article thumbnail

10 Manufacturing Key Performance Indicators (KPIs)

ProjectManager.com

Total Effective Equipment Performance (TEEP) Total effective equipment performance measure utilization. Again, this is determined by performance multiplied by quality by availability. There are also risk management tools to track issues in your production line until they’re resolved.

article thumbnail

The Functions of a Project Management Office

Project Pulse Journal

It includes monitoring the progress of projects in the portfolio, ensuring they deliver the expected benefits, and making necessary adjustments to the portfolio based on performance and strategic changes. Performance Measurement Implementing and maintaining performance measures and metrics is essential for assessing success.

PMO 52
article thumbnail

10 Top Process Improvement Tools You Need to Create a More Sustainable Business

nTask

Add control points and measurements. This includes identifying process risks or sustainability measures to monitor the process. Process improvement tools are techniques and methods to be used by organizations that will drive improvements in quality and performance, targeting the processes of a business.

article thumbnail

Crafting an Effective Operational Excellence Strategy for Business Growth

Wrike

This commitment encourages employees to embrace change, take risks, and challenge the status quo in pursuit of excellence. This can involve practices such as lean management, Six Sigma, Kaizen, and quality circles. This not only speeds up the production process but also reduces the risk of human error.

article thumbnail

Different Project Management Terms Beginners Should Know

ProProfs Project Management

Performance Measurement Baseline. This creates a point of comparison of all the other baselines to evaluate project performance. Risk is any positive or negative event that can affect project execution. Qualitative Risk Analysis. Quantitative Risk Analysis. Lean Six Sigma. Optimistic Duration.