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Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates
New Westminster, British Columbia, Canada
Maria, I believe your was answered in the discussion thread you posted yesterday:
https://www.projectmanagement.com/discussi...project-closure
Maria Fawakhiri
Solna, Alberta, Sweden
Hi, no it’s not the same thing, this is not a closure report with text , but just numbers, metrics, KPIs to compare preformance of different projects.
Rami Kaibni
Community Champion
Senior Projects Manager | Field & Marten Associates
New Westminster, British Columbia, Canada
Maria, KPIs are not a one-size-fit-all - Every project has its unique KPIs and metrics against which the project success is compared.
As I mentioned yesterday, depending on the type of the project, there are many KPIs against which you evaluate the project success. Some of those are which I find very common: 1) Cost vs Budget 2) Finish time vs schedule 3) Client Satisfaction 4) Safety Record 5) Quality There are much more and if you have a group of projects that are very similar in nature, then you can draw a comparison amongst all projects but again, this is not something I advise you to do as every project has its own unique conditions. Hope this helps! ...
1 reply by William M Hayden Jr
Mar 07, 2024 9:46 AM
William M Hayden Jr
...
I find it hard to believe that safety and quality are at the bottom of any list.
Cheers, Bill
Maria -
Assuming there are financial outcomes expected from the projects being compared, ROI or similar KPIs are useful as they provide a leadership team with a sense of the actual "bang for the buck" they received by choosing to invest in one project vs another. Kiron
Keith Novak
Tukwila, Wa, USA
Are you talking about whether the project delivered the expected end-value to the customer (Technical Performance Measures), or whether it supported the business objectives of the performing organization (Key Performance Indicators)?
Latha Thamma reddi
Sr Product and Portfolio Management (Automation Innovation)| DXC Technology
Mckinney, Tx, USA
thank you
Project KPIs aren't unique for all projects. They are defined strategically according to the area of knowledge, the results desired, profit goals, client satisfaction criteria, and other infinite indicators that you can select to track. When comparing two projects, the usual KPI used would be monthly or annual growth, customer satisfaction, or cost. But, as said before, the understanding of the projects you are comparing will help you to select the best indicators to put in contrast relevant aspects of them.
William M Hayden Jr
Adjunct Assistant Professor| University at Buffalo, School of Management, Operations Management & Strategy
Buffalo, Ny, USA
Mar 22, 2023 1:16 PM
Replying to Rami Kaibni
...
Maria, KPIs are not a one-size-fit-all - Every project has its unique KPIs and metrics against which the project success is compared.
As I mentioned yesterday, depending on the type of the project, there are many KPIs against which you evaluate the project success. Some of those are which I find very common: 1) Cost vs Budget 2) Finish time vs schedule 3) Client Satisfaction 4) Safety Record 5) Quality There are much more and if you have a group of projects that are very similar in nature, then you can draw a comparison amongst all projects but again, this is not something I advise you to do as every project has its own unique conditions. Hope this helps! Cheers, Bill |
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