Last week’s project measurement article uncovered how to use frameworks to provide clear direction on how a measurement initiative will deliver results. Also introduced was Darby Consulting’s Performance Improvement Framework (PIF) for implementing performance measurement initiatives.
Setting out on a path to improve project performance can be a rewarding opportunity to learn more about yourself, your team and your organization. It can also yield benefits for everyone involved – from possible career promotions to better team and organizational performance.
Business professionals are well versed in management concepts like the Balance Scorecard and key performance indicators (KPIs); however, new language is being introduced that further advances performance metrics. Key result indicators (KRIs) is one example of an emerging concept and this article attempts to explain the nuance between KPIs and KRIs.
There are many everyday examples of our romance with measurement. Our desire to measure is innate to who we are as human beings – we like data. Whether we’re watching the scoreboard at a baseball game, reviewing the test scores of our children or tracking how many steps we’ve walked in a day on our Fitbit – it is clear we like to measure – and we hopefully have a bend toward improving performance based on our measures.
Measurement is essential to improving performance and project delivery. Do you ever wonder how some PMOs and project managers can so consistently deliver projects on time, on scope and within budget? Many of the best organizations, project management offices (PMOs) and project managers are practitioners of measurement.
Just as we would never use the same wrench for every type of job, we don’t recommend the same methodology or approach to every project. When thinking about how to plan a project approach, there are lots of methodologies that provide a great framework. Some of the familiar names include Prince2, CCPM, Agile and BRM.
If you’re in the market to find project consultants on a temporary basis, the good news is you’ve got lots of options. You can work with any one of the well-known global consultancies, or you can consider a boutique consulting firm. We’ve worked for both types and know both their strengths and weaknesses. As with any trusting relationship, the key to finding a good partner is finding the right fit for your needs.
Project management can be challenging when you have to fight to keep your project budget. Project funding is the lifeblood of a project. Without continuous funding, projects either stop immediately or slowly lose necessary resources over time to continue. Sometimes projects should stop or hold because they are no longer relevant to the business climate.