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Juan Carlos -
It really depends on the nature of the project. In some cases, bonus payments might be tied to early achievement of a key milestone. In other cases it might be related to completing the work below a certain cost point. And in others, it might relate to achieving or surpassing a quality requirement.
thanks for the reply, I'll start by identifying those attributes to create the KPIs
I agree with Kiron, and also be careful of making one of the biggest mistakes when choosing indicators: choosing vanity indicators, that is, numbers that do not represent any concrete result, but that make the marketing team happy
In my personal case all bonus measures related to project/program management are tied to corporate strategy and are created in cascade mode from top of the organizational pyramid to the bottom. For example, my actual work place is totally compromised to keep the environment safe then all our projects/programs contains some components related to that and some of our objectives are related to that created in SMART mode.
1. Understand the SOW well: well defined requirements, Key process with or without custom, Duration, proper resources. Specific Area of the project miles stone plan with contingency time and resource (for example: if one process requires certain resources, and time. Let us say 80 hours, and three resources. Ensure, data, people process are aligned. Daily status, b/c it a small project. Project a plan: test, acceptance, deliverable for 55 - 60 hrs in case). good luck. always encourage the team.
Does your question relate to the bonus fee for the supplier (aka success fee) or project team members as an individual or team performance award?
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