by Jay Stockman,
published:
syndicated: 0 | total views: 2682 |
word count: 358
laesbarhedsindex readability score: Very Difficult Readability
on the net: http://visionupdate.net
UNITED STATES, Feb 09 — A study has shown that many project managers do not sufficiently keep track of the performance metrics of their teams. This results in consistent cost overruns, going over schedule, failing to meet expectations in quality, and seeking new employment elsewhere. Think about it, what are you managing really if you don’t even know the metrics? Is management merely a process of simply checking off to do lists for you? It shouldn’t be.managethat
A study has shown that many project managers do not sufficiently keep track of the performance metrics of their teams. This results in consistent cost overruns, going over schedule, failing to meet expectations in quality, and seeking new employment elsewhere. Think about it, what are you managing really if you don’t even know the metrics? Is management merely a process of simply checking off to do lists for you? It shouldn’t be. Here’s why.
In order for management to make decisions, data is critical. Data shows helps you define your benchmarks, and also define forecasts for improving upon baselines for continued company expansion and growth. Things such as Total Quality Management, Improvement Teams, Standards and Measurement departments, Process Management, Quality Circles, Six Sigma, etc are not just buzz words people. Pick a system for measuring and quantifying your data and quickly measure the lifeline of your project vis a vis your overall goals. Find out where your bottlenecks are, find out where the cost overruns are taking place, and quickly identify why your Widget sales are declining before it becomes an irreversible money draining problem. This allows you then to take action whether hiring an operations consultant to integrate processes, or in the decision to release staff in certain non-critical areas.
Metrics need to be constantly monitored and measured. Charts, graphs, and summary data need to be reviewed on a regular time table whether it’s weekly, monthly, or quarterly basis. From then you can then navigate your business or department towards a profitable plateau. Failure to comply with these very basic performance metrics analysis could result in flushing valuable time, money, employee morale, and reputation down the proverbial toilet if these things are ignored in your project or managerial role.
A rule of thumb is that ANY system in place for measuring performance metrics is better than having none at all. If you are in a dynamic environment and already have 2 or 3 projects in the air, then feel free to gradually introduce these factors based on your industry line.
Free advice on improving your project management consulting expertise available at http://www.managethat.com/, including a section on free project management software (http://www.managethat.com/free-project-management-software.htm)
‘Yes, as a project manager you should consistently maintain your work metrics. You should know the strength and weakness of the resources and plan accordinally.’
Project Management: Performance Metrics Matter Rating: 5.0
out of 5.0
based on 1 discussion(s).
We post your name and a link to your site as a way to thank you for joining the discussion.
Communicate directly with Jay Stockman, the author of this article. Ask questions, send suggestions, comments, engage in conversation, or perhaps you would like to submit a project.
Click Here to ask a question, send a comment, or proposal.
What guarantees the success of a promotional campaign? Does it take promotional products that cost the earth to win over existing clients, prospective customers, and employees? Is it worth siphoning your precious marketing dollars into a promotional
Needing services for a move to Cambridge requires some attention. Relocation can be very stressful, so these tips offer a look at how to handle deciding on Cambridge movers and Cambridge storage facilities. When choosing how to move and store your li
The legendary American soul singer Etta James, who would have turned 74 on January 25, passed away 5 days before her birthday because of leukaemia complications. A public viewing is set on January 27, Friday, at the Inglewood Cemetery in California,
Business proposal helps you to develop the professional relationship with the potential investors, corporate partners, or suppliers. Thus, you must handle the responsibility of proposal writing sensibly and skillfully. It is possible that your busine
There are so many computers on the market today that it can be difficult to decide which one to get. This article will reveal why it might be best to opt for a laptop rather than a desktop computer. You might be surprised at some of the reasons.
Business correspondence is being defined as a way of communication through the exchange of letters. These are the letters written or received by two or more parties which may come in the form of letters, emails, text messages, voicemails, notes or po
This article looks at how to go about creating a business plan that has direction and can lead to success. It lists the eight simple steps for creating a plan. These include a business name, a vision, a mission statement, objectives and goals, SWOT,
Have you ever recommended an item to a family member or friend simply because you were thoroughly satisfied and want them to try it, too? Did the company ever pay you for that recommendation? Nobody would think so. What if you can start making money
Logbook in simple terms means a vehicle registration certificate issued by Driving and Vehicle Licensing Agency (DVLA) in the UK. I hope you are aware of the fact that registration document V5 popularly known as logbook has become invalid from July 2
A startup business requires careful planning. If you are thinking to start a business the very first step, which you have to accomplish is to develop a business plan that will lead your business towards success. A business plan requires careful and a
Before wasting your money on a pile of bodybuilding supplements you really need to work out what you are hoping to achieve. Don’t lose sight of the fact that sound nutrition forms the basis of any muscle building program and no amount of supplementat
Thousands of people are attracted to the internet each day in hopes of starting an online business. The internet offers a channel of opportunity for anyone motivated to start a business of their own and the oppo
So you’ve decided to enter the field of veterinary medicine and are looking at vet jobs. You’ve probably made this decision because you love animals, want to help them, and want them to be a big part of your life. Let’s
OK. You can look at the idea as very cold and unromantic. You can look at the idea as a considerate and practical way to decide before the marriage certain issues having to do with your money.
Since the days of antiquity, the aloe vera plant has been a popular healing remedy for many different types of diseases and conditions and also as an aid in the promotion of greater health. Without a doubt, aloe vera’s most popular use is in th
Syndication
tweet
PDF version
Printable version
Publisher HTML version
Discussions (1)
Email Article
Free Planning Software
»Project Management: Performance Metrics Matter
‘Yes, as a project manager you should consistently maintain your work metrics. You should know the strength and weakness of the resources and plan accordinally.’
Rating: 5.0 out of 5.0 based on 1 discussion(s).
Post New Comment