Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue · Module 16 · Project Performance Reporting
Creating key performance indicators
Lesson 165 of 198 · 14 min
Create a KPI and enter basic information. Select the performance measure it is based on. Set the calculation and the comparison basis. Set the period and the trend behaviour. Create three KPIs: cost variance, margin percentage, and effort variance. Assign them to a KPI set and show them calculated for a project. THREE TO SIX KPIs IS RIGHT. Twelve means an executive reads none of them. EACH KPI MUST MAP TO A DECISION SOMEBODY WOULD MAKE. If nobody would act differently, do not build it. That is the test, and it removes about half of any proposed list. The comparison basis — against baseline, against forecast, against prior period — CHANGES THE MEANING ENTIRELY. Choose deliberately, and say which you chose on the dashboard label.
The full lesson is part of the course
The video, the complete written lesson and the module quiz are included in Implementing Project Portfolio Management: From Organization Structure to Recognized Revenue, with a certificate on completion and a fourteen-day refund window.
In this module: Module 16 · Project Performance Reporting
- 1What performance reporting is for
- 2Performance measures
- 3Creating key performance indicators
- 4Thresholds and status
- 5Summarization
- 6Dashboards and the executive view
- 7What breaks
- 8Lab: five questions, six KPIs at most