A Framework for use of Project Metrics

The Challenge
It is standard practice for a project team or Project Management Office (PMO) to make use of project metrics to measure project health and progress. Measurements of project cost to date and status with respect to planned schedule are common. However, metrics can and should do much more. For example, we need metrics to measure PMO performance. Objective metrics are also indispensable for determining the true Business Value of a project after its completion. However, with hundreds to choose from, how do we choose the right metrics? Is it sufficient to simply use the "standard" ones? Which metrics are actually "standard"?

The Solution
This advanced project management workshop provides a rational basis for selecting metrics. These metrics can be used during a project, for post-project evaluation, for measurement of PMO performance or for any other purpose. Participants are shown a standard, easy to use tool and practice with it during exercises. They leave the workshop with a list of metrics that they can put to immediate use. A review of commonly used metrics and their appropriate use is included

Who should attend
This advanced PM workshop is of value to Project Managers, managers of project mangers, functional managers with project responsibility, and PMO staff.

Learning Objectives – Understand the following:

"Standard" metrics are often not the best choice
Before one can select metrics, one must know the questions that must be answered
Metrics used may change over the course of a project
Post-project metrics should be chosen before the project begins
The questions relevant to project success are not always relevant to PMO performance
Sometimes simple metrics are the best
Guidelines for selecting metrics

Learning Approach

A highly experienced instructor will use interactive lecture format, hands on exercises, team activities, group discussions and other techniques to drive home the essential points of this material.
We will build on your prior experience in this topic, while providing you with a structure and vocabulary to use in all of your future projects.
If you have modest project management knowledge, you will find that the clarity of the material and direct presentation style of the instructor will make the subject matter easy to understand.
You will receive a Student Guide which will help you follow the material, take notes and retain what you learned so that you can apply it on your job.

Why should I take this workshop?

This advanced workshop will help you to answer crucial questions about your project by choosing and tracking the right project metrics.
A Framework for use of Project Metrics delves into an area of project management that, although seldom discussed, is nonetheless central to project success. Take home a whole new set of best practice, tips, tools and techniques for this important topic.
Take this workshop and learn what you can do to ensure that you can answer the questions that are important to management.

Every course and workshop in our Project Training program is fully customizable. We offer virtual delivery of the training program you need. Call us: +1.919.495.7371.

All of our courses are fully compliant with the latest release of each relevant standards document such as the PMBOK® Guide, Standard for Portfolio Management, BABOK® Guide, and others.

Course Information

Course ID: 7026
Duration: Half Day
Class size: 6 - 40
Includes:
· PMP® certified instruction
· Student Guide
· Participation Certificate
· 3 PDUs

Download this course description as a printable PDF document.

Pricing Information
On-site discounts are available.

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