Project Management Performance Metrics

Today's executive has grown up with computer technology and isn't intimidated by it. In endless pursuit of "faster, better, cheaper," executives are eager to explore IT solutions. They aren't bashful about demanding that IT respond to their requirements; their own performance is increasingly measured against aggressive benchmarks. As such, today's Executive demands that IT Projects are based on similar strict metrics.

It has been said that you can't manage what you don't measure…there must be a measurable way to determine a projects progress. A robust metrics program can provide directional guidelines and a basis for advancement in process efficiency and flexibility — critical differentiators in today's competitive business environment.

The time investment to establish the infrastructure and processes for Project Management metrics will have measurable results. Among them will be the development of reusable components for a multitude of cross-functional applications, offering accelerated time to deployment.

With metrics in place throughout the enterprise, the contributing factors to solid business performance gain visibility. Initiatives such as BPM (business performance or process management), BAM (business activity monitoring), RTO (real-time operations) , Six Sigma, and other measures-based initiatives may be achieved in half the time that they might otherwise take. Companies can perform the painstaking identification, selection, collection, and reporting of these measures only once, instead of having to repeat the cycle for each new initiative.