Thanks to the PMBOK, many tools and technics can be used while evaluating a project. But in practice how can we efficiently evaluate an ongoing project? Thanks in advance for your help. Saving Changes...
Senior Projects Manager | Field & Marten AssociatesNew Westminster, British Columbia, Canada
You should have KPI's defined for your project and you measure against those parameters. Saving Changes...
Masoud MasoumiProject Controls Analyst| NoneSacramento, Ca, United States
There are a lot of varieties in projects to be take into consideration when you are going to evaluated. Financial, Work in progress, Productivity and so. For all these elements a "Baseline" should be defined.Then, workarounds should be identified and finally communication is a very important key to evaluate in timely fashion and learn how well you are doing in your project.
In short, define "Baseline" and "Metrics" and then compare to "Actuals" and then communicate with all stakeholders to make sure your project is on track. Saving Changes...
Eric IsomOwner| learn.pmguaranteed.comUt, United States
The main KPIs are scope, cost, time, and customer satisfaction. Forecast what you expect to finish and how much you expect to spend by month. Then track how much you actually finish and spend each month and compare it to the forecast. Most importantly, make sure you understand what the project sponsor and key stakeholders want and need, deliver it, and keep them informed and happy. Those are the basics. For larger, more complex projects, there's a lot more you can do, such as earned value management and benefits management. Saving Changes...
What are you evaluating within the project? Baseline, business value, success criteria, process? Regardless of what you are evaluating within the project, as others have already mentioned, establish a baseline and measure your KPI's through pre-defined metrics. Saving Changes...
Sergio Luis ConteHelping to create solutions for everyone| Worldwide based OrganizationsBuenos Aires, Argentina
We use EVM as the basement to create our own method (I was in charge of that). EVM has predictors that are great to use. That with our own KPIs are the information we put on hand of people that must take decisions in our governance model which is based on Stage Gate model. Saving Changes...
My esteemed virtual colleagues have answered the question about monitoring a project so I'll answer the question about continuing to invest in it. Mature companies will have a consistent set of guidelines which they will follow to determine if a project is no longer worth investing in due to either poor project delivery performance or erosion in anticipated benefits (relative to other potential investments).
These companies will not hesitate to avoid throwing good money after bad.
Unfortunately, this is not as commonly practiced as it should be.
Kiron Saving Changes...
Drew CraigSr. Agile & Product Coach| VanguardPhiladelphia, Pa, United States
KPI's and EVM are great from an evaluation overview of a projects snapshot in time Also worth consideration is scope and change management insights, as well as alignment with the projects original intent, vision, and mission. And like Kiron eludes to - worth continuing? An interview with the sponsor and stakeholders would also prove valuable for gaining further insights into current impressions. Saving Changes...
Anish AbrahamPrivacy Program Manager| University of WashingtonAuburn, Wa, United States
I concur with the comments here.
I think you need to monitor and evaluate the project against the plan on a regular basis. The information you've collected during monitoring, and evaluation will help you see how and where your project has been successful and how it could be improved. Saving Changes...
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