Project metrics

Project plans and schedules typically include the application of a set of generic and tailored metrics or measures that are to be used to monitor progress and the final deliverable. Generic metrics include earned value, budget variance, and a wide variety of verification and validation measures. Tailored measures, however, include indicators that are unique to the deliverable.

Metrics are tailored to the unique performance requirements of the product. For instance, in the design of new electronic products, which require embedded software, a useful metric is a measure of software design life cycle, an accurate indicator for the whole product life cycle. This kind of metric is often regulated or standardized by an industry or professional trade association for that product or family of products. A good project quality manager will use these kinds of standards to discipline design and production work, which then can be marketed as regulatory compliant. Review of project metrics is scheduled into every project review meeting.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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