Tamer Zeyad SadiqAssistant Cost Manager| Turner & TownsendRiyadh, Ar Riyad, Saudi Arabia
I know the KPI is established during project initial, but I need the description for this topic, Is there any formula? what is the best reference for this topic? Saving Changes...
KPI are metrics " measure how the org. or individual performs an operation,tatctical or strategic activity that is critical for current and future success of org.
The KPIs are the basis for governance.reporting.
There are about 12 characteristics of effect KPI:-
for example:-
1-Aligned with business plan and startefy
2-Owned by individual manager or business unit.
3-Predictive performance or valu.
and e.t.c
at PMBOK 6th ed. I found
Usually At the beginning of the project you set what you want to measure and what are the reference with which you are going to compare the performance of the specific activity.
You should have some reference point. Saving Changes...
Senior Projects Manager | Field & Marten AssociatesNew Westminster, British Columbia, Canada
KPI as normally part of the Organizational Process Assets and are defined early in the project / tailored if necessary. Saving Changes...
Drew CraigSr. Agile & Product Coach| VanguardPhiladelphia, Pa, United States
What is expected, who is the audience (executive, client, team), what are the current organization's standards (EVM), how will it be shared (format and regularity). For reference, definitely look at the PMBOK as one reference point, then compare with other materials for additional context. Saving Changes...
Kyaw WannaPM II| Asia World EnterpriseBangkok, Bangkok, Thailand
Hi Tamer,
As far as I know, it does not have a specific formula. This is use for tracking your project performance and to ensure that projects get completed on time. The scope and terms of an organization’s KPIs may differ from project to project.
The following KPIs are normally use for PM.
1. return on investment (ROI)
2. productivity
3. cost performance
4. customer satisfaction
5. schedule performance
6. employee satisfaction
7. alignment with strategic business goals.
There are endless KPI's that can be setup for a project. There isn't a specific formula for doing so; they are customized for each project. Saving Changes...
Anonymous
Your organization project management system should include the performance metrics or performance indicators that you should be watching and measuring on every project.
Assuming there are none, then we need to consider two types of metrics:
1. Organizational Metrics, for example, what percent of the projects are completed within the cost and schedule parameters; what pct are successful; what is the average pct of changes on projects, etc. I can list 20 or more that organizations should care about.
2. On a specific project, we will link to the org. metrics. For example, pct of changes, no or pct of defects; no or pct of waivers from spec; etc.
So to answer your question, we need a small guide :) Saving Changes...
Sergio Luis ConteHelping to create solutions for everyone| Worldwide based OrganizationsBuenos Aires, Argentina
I am with Rami here. KPI has sense at organizational level. Projects are started to ahieve organizational objectives and to know if you are doing that you need KPIs at organizational level and then to derivated them and adjust them to the initiative. Saving Changes...
Anish AbrahamPrivacy Program Manager| University of WashingtonAuburn, Wa, United States
I concur with my colleagues here.
I think you need to establish specific and measurable KPIs after consulting with your team and key stakeholders, since getting buy in from all parties is essential. Saving Changes...
Community Champion
