What is a Metric. is it always tangible, precise? Saving Changes...
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Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
A metric is a measure of a process or product quality. While the quality you are measuring may not be concrete or tangible (i.e., customer satisfaction), it must be supported by data from which the metric can be derived. Saving Changes...
Metrics should be tangible in so much as they must be understandable and convey meaning about some material aspect of a project. They may be subjective however such as perceptions of qualities rather than directly measurable qualities making them sometimes imprecise. Saving Changes...
Vijay SuryavanshiProject Manager - Engineering| RECARO Aircraft SeatingPlantation, Fl, United States
Some metrics are quantifiable and can be measured like your sales, profit, performance based on KPIs etc. These are tangible.
However, certain metrics like brand value, reputation, good will, trade marks, names, customer lists, copyrights etc. are intangible yet has lot of value or impacts organizations if its value is lost. These are generally intangible. Saving Changes...
Senior Projects Manager | Field & Marten AssociatesNew Westminster, British Columbia, Canada
Metrics can be tangible or intangible and they are as precise as the data you collect. You need sound data to nsure you evaluate the current progress against metrics. Saving Changes...
It is a measure of something. Its precision and accuracy have to do with the precision and accuracy of input data. Garbage in = Garbage out. Admittedly, other factors may impact the accuracy and precision of the metrics. Saving Changes...
Vijay SuryavanshiProject Manager - Engineering| RECARO Aircraft SeatingPlantation, Fl, United States
While getting data for intangible items is difficult for a newer company or midsized one, you also have to look at if there is value in measuring these things for you. Otherwise like what Abolfazi says, the garbage in - out holds good. Saving Changes...
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