CPI and dashboard indicators

Cost Management Estimating

Betsy Green Onboarding Manager| TownNews.com Moline, Il, United States

I send a weekly status report to my team. At the top is a small dashboard with your typical stoplight red, yellow, and green indicators for a number of categories, including budget.

The PMs in my company don't currently use CPI as a performance indicator, but I think we should up our game and start including that information.

My question is this: what should my CPI standards be for red, yellow, and green? Obviously, green should be a CPI of 1 or greater. How would you draw the line for a yellow or red indicator?

Posted: Aug 31, 2017 4:13 PM

Sort By:

< 1 2 >

Betsy Green Onboarding Manager| TownNews.com Moline, Il, United States

Aug 31, 2017 7:51 PM

Replying to Drew Craig

...

Once you have the criteria, you can set the thresholds. What Eric presents above is a good start. You mention there is already a stop light indicator. How is that status determined?

Ramachandran's description of what would be considered red, yellow, and green are our standards. But it's also a bit of a judgement call. That's why I'd like to use CPI to determine those indicators, making it objective.

Posted: Sep 1, 2017 10:21 AM

Sante Delle-Vergini, PhD Senior Project Manager| Infosys Melbourne, Victoria, Australia

Agreed, the green would be at 1, and then yellow and red would alert on either side; way over or way under - both a failure in terms of PM, even if finance or sponsor love you for going under.

Posted: Sep 1, 2017 10:58 AM

< 1 2 >

Please login or join to reply

CPI and dashboard indicators

Sponsors

Vendor Events

Guessing is not a strategy: How to build decision velocity with AI and real-time data

Newsletters