How To Use Measurement Throughout the Project Lifecycle
Measurement has always been an essential part of project management success. The discipline has recently achieved even greater prominence as a project performance domain with the release of A Guide to the Project Management Body of Knowledge (PMBOK® Guide)—Seventh Edition. Use these tips to refresh your measurement skills and increase performance.
Why Measurement Matters
Running a project without measurement is like driving a car through the dark without a map. The likelihood of waste, accidents and disaster are much higher. Measurement also helps project professionals detect problems quickly and make changes. Finally, most larger organizations today are managed by metrics. If you don’t join the game of measurement, numbers and measures may be used against you.
A Minimum Viable Approach to Measurement
We live in a Big Data world. Analytics tools constantly gather data, and it is easy to get buried under an avalanche of it. That’s why it is essential to use a minimum number of measurements.
Generally, there are two types of measures you need to track.:
- First, your organization probably mandates specific measures (e.g., financial measures, schedule, etc.). Having that measurement data on hand is critical to maintaining support from stakeholders.
- However, the second type of measurement is much more valuable: leading indicators. This type of
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