RAJESH K LProject Manager, PMP| Bharat Electronics, Bengaluru, IndiaBengaluru, Karnataka, India
Some of the decisions taken as part of project management
can have significant impact on Cost, Schedule and Quality of the project.
what are the ways to quantify the impact of such decisions? Saving Changes...
I will revise your subject and tell you what will be the best KPI:
Aligned—Agree with the specific organization’s vision, strategy, and objectives.
Optimized—The KPIs should be focused on providing organization-wide strategic value rather than on non-critical local business outcomes. Selection of the wrong KPI can result in counterproductive behavior and sub-optimized results.
Measurable—Can be quantified/measured.
Realistic—Must be cost effective and fit into the organization’s culture and constraints and achievable within the given timeframe.
Attainable—Requires targets to be set that are observable, achievable, reasonable, and credible under expected conditions as well as independently validated.
Clear—Clear and focused to avoid misinterpretation or ambiguity.
Understood—Individuals and groups know how their behaviors and activities contribute to achieving the KPI.
Predictive—The KPI may be compared to historical data over a reasonably long time so that trends can be identified.
Agreed—All stakeholders should agree and share responsibility for achieving the KPI target.
Reported—Regular reports are made available to all stakeholders and contributors so they know the current status and take corrective action if needed. Saving Changes...
Sergio Luis ConteHelping to create solutions for everyone| Worldwide based OrganizationsBuenos Aires, Argentina
If you have a project change control management system then you have all you need inside it. Saving Changes...
Most decisions are based on deliverables that have risk associated with it that would/should have already been quantified. Sometimes I also create a decision log to track when a decision is due, who is responsible for making the decision, the anticipated impact of not making the decision on time, and then the actual results of the decision. Saving Changes...
Senior Projects Manager | Field & Marten AssociatesNew Westminster, British Columbia, Canada
It has to go through the CCB following the PM’s impact assessment and if necessary agreement by the client to pursue andcsend to the CCB. Saving Changes...
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