Project success metrics ensure that project managers achieve their daily and long-term goals. Several factors rule the journey. In this article at Mindiply, Angeliki Koumani discusses project success metrics that you must measure to experience triumph.
Project Success Metrics You Require
Project managers use several project success metrics to stay on track. They can evade risks or be ready with solutions. Below are the project success metrics you must pay attention to:
Time and Money Metrics: The essential metrics for all projects, you are hell-bent on producing deliverables on time and within budget. One misstep and your project is a cost center instead of an investment for the company. Not only that, a project failure impacts company reputation as well as the brand you are associated with. To maintain your winning pace, wisely plan, and schedule your project. Create roles and responsibilities, schedule tasks, form a baseline, and figure out dependencies and milestones. Ensure everyone is on the same page throughout the project lifecycle. Continually check your project health details and timeframes to maintain or upgrade estimates when required.
Client Satisfaction Metrics: No matter what, clients should be satisfied with the quality and standards that you promised to deliver. Sometimes, it becomes problematic to meet their demands when the requirements are vague. Or, you have pictured a different version of their expectations. Conduct workshops with clients to understand their needs well. These engagements help you to stay updated regarding their demands, and they too remain involved till the end. To measure the metrics accurately, establish clear-cut goals. Hold regular meetings to upgrade your levels of services or delivery expectations.
Team Learning Metric: The metric is highly beneficial for remote teams or global experts. Unfortunately, not a lot of project managers pursue this soft skill metric. Lessons learned, the challenges faced, and knowledge transfer sessions help to upscale overall team capabilities. Find out the techniques that worked for you and integrate them into your management application. Set aside an hour or two to monitor the goals and document the new learnings.
To view the original article in full, click on the following link: https://mindiply.com/blog/post/how-to-measure-project-success-beyond-traditional-metrics