Project Management Metrics, Key Performance Indicators and Dashboards

Course Overview

The main aim of metrics and dashboards is to provide accurate facts and figures and information to the individuals at the right time by using the correct media and in a cost effective way. The focus is on needs that the individuals have regarding their requirements. The needs generate quick results and good decision mandates for better information.

Many individuals have multiple ways through which they can grab information. This course has an option of addressing all of these concerns by selecting the metrics and design of dashboards. The keywords in the vocabulary of stakeholders are “Making the informed decisions.” This could only be accomplished by an effective information system that is based upon the informative metrics and key performance indicators (KPIs).

Nowadays, graphics is a combination of images, points, information, charts, shades, numbers, symphony of colors and symbols, and these are used for conveying the messages. Dashboards go through continuous improvement and these are updated on regular intervals. In project management, every individual has an option of having different requirements and likewise, request for different information during the project life cycle.

Course Objectives

  • Gain knowledge about metrics management
  • Have an understanding that all KPIs and metrics are not required to be reported to the stakeholders or clients
  • Understand metrics along with the dashboard in order to facilitate the process of decision making
  • Understand the complications during the designing of dashboard
  • Identify the number of metrics required for communication
  • Understand value-based metrics

Course Contents

Metrics Driving Force

  • Customer satisfaction growth
  • Customer value growth
  • Growth in reporting project value

Understand the Metrics

  • Growth in metric-driven project management
  • Why time and cost metrics are known as insufficient?
  • Metrics need
  • Reasons for using multiple metrics
  • Define metrics
  • Key features of metrics
  • Different types of metrics
  • Core metrics
  • Issues of metrics

Key Performance Indicators (KPIs)

  • KPIs versus metrics
  • Conversion of metric to key performance indicators
  • Selection of key performance indicators

Understand the Metrics and KPIs Targets

  • Target needs
  • Form the targets

Understand the Importance of Value

  • Value growth
  • Measurement of value

Understand the Value-Based Metrics

  • Characteristics of value-based metrics
  • Value-based metrics weighting factors
  • Value-based metrics examples from the industry

Understand the dashboards

  • Dashboards value
  • Dashboard design rules
  • Dashboard examples
  • Infographics growth

Concerns of Metrics Management

  • Insert requirement of metrics into the job descriptions
  • Cultivation of the metrics management culture
  • Practices in metrics management

Course Methodology

The training is going to be highly interactive combination of lectures, group discussions, questionnaires, individual reflections, role plays, simulations and videos.

Target Audience

The course is designed for project managers who wish to assist the clients with information on the project status, team members who are prepared for identifying, measuring and reporting the status on project metrics. Also those individuals who want to understand dashboard reporting techniques by replacing the existing written reports and personnel who have responsibility of maintaining metrics library.

Duration

05 Days (08:30–14:30) with appropriate breaks for tea/refreshments and lunch.

Related Courses

View All Courses