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Budget: Are you going to stay under the budget you’ve allocated, or is the project exceeding costs?.
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Timeliness: This is making sure your project is done on time-and if it’s not, tracking where it’s off-target is important so you can always have an estimated completion date.Today’s project managers use a variety of KPIs, which generally fall into these four categories: You may also want to know whether the project helped you achieve the intended goals, and if the amount and types of resources you dedicated to it were appropriate and even optimal. While time and budget are still considered important factors, they aren’t the only determinants of value. What are Project KPIs?īack in the day, if a project was on time and on budget, it was considered a success. 4 Tips For Creating & Using Project KPIs EffectivelyĪre your projects actually helping your organization succeed? This field guide helps ensure you're tracking the right projects and the right KPIs.Below are 28 example project management KPIs to get you heading in the right direction. While we can’t provide a definitive set of key performance metrics for project management, we can highlight some areas of significance that are typically helpful to track. But how do you know what you should measure for each project? Overwhelming your team with data won't make the project succeed, but providing the right data, at the right time, ensures the project stays on track. Without them, it’s difficult to see how you’re progressing toward your goals. Tracking key performance indicators (KPIs) or measures is critical during a project.