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Methods For Evaluating Project Performance

Performance measurement techniques are used in project management to assess deviations from the original project plan and determine if corrective action is needed. Key techniques include performance reviews, trend analysis, earned value analysis, and information distribution tools. Performance reviews assess project status regularly. Trend analysis examines results over time to identify improving or deteriorating performance. Earned value analysis integrates scope, cost, and schedule to assess project performance. Information distribution ensures stakeholders receive timely information. Together, these techniques help project managers maintain schedule control.

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187 views

Methods For Evaluating Project Performance

Performance measurement techniques are used in project management to assess deviations from the original project plan and determine if corrective action is needed. Key techniques include performance reviews, trend analysis, earned value analysis, and information distribution tools. Performance reviews assess project status regularly. Trend analysis examines results over time to identify improving or deteriorating performance. Earned value analysis integrates scope, cost, and schedule to assess project performance. Information distribution ensures stakeholders receive timely information. Together, these techniques help project managers maintain schedule control.

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Bike To Work
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© © All Rights Reserved
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In project management, performance

measurement techniques are used to assess the


magnitude of deviations from the original project
plan. Therefore, they are an important aspect of
project schedule control, allowing the project
team to determine whether a schedule requires
corrective action.
 Performance reviews
 Trend analysis
 Earned value analysis
 Information distribution tools and techniques
 Performance reviews are meetings held to assess
project status.
 Take place: weekly, bi-weekly, or monthly
 By conducting frequent performance reviews,
variances are more readily detected and can be
addressed sooner which prevents further deviation
from the plan
 Trend analysis involves examining project results over
several reporting periods to determine if performance is
improving or deteriorating.
 Used for long-term projects, to compare status over several
periods. A three-month, four-month, or six-month moving
average is used to predict project trends.
 Trending provides management with advance warning of
adverse trends, and allows for corrective action to be taken
to rectify the situation.
 Earned value analysis integrates scope, cost, and schedule
measures to assist the management team in assessing project
performance.
 The most commonly used method of performance
measurement.
 Compares the amount of planned work to what was actually
accomplished.
 Allows project managers to see whether cost and schedule
performance is proceeding as planned.
 This involves calculating three key values for each activity
that is performed.
◦ The planned value in a project is the approved estimate of
cost planned to be spent on an activity during a given time
period.
◦ The actual cost in a project is the total costs involved in
completing the work for an activity in a given time period.
◦ The earned value for a project is the value of the work
actually completed during a period of time.
 Information distribution tools and techniques make
necessary information available to project stakeholders in a
timely manner.
 Information regarding a project's performance is essential to
bring about project success.
 Clear communication and shared information retrieval and
distribution methods are the basic tools and techniques for
ensuring that important information is distributed.
 Communication skills are used to exchange information. The
sender must ensure that the information is clear and complete
while the receiver confirms that it is properly understood.
 Information retrieval systems allow information to be shared by
project team members and stakeholders (project management
software, electronic databases, and manual filing systems).
 Information distribution methods ensure that important project
information is distributed to the stakeholders. (project meetings,
voice mail, electronic mail, fax, videoconferencing, project
intranet, hard-copy documentation, shared databases)
Using methods and techniques to determine
whether a project is performing as planned will
help you maintain a concise and controlled
project schedule.
As Thomas S. Monson said: "When
performance is measured, performance improves.
When performance is measured and reported
back, the rate of improvement accelerates."

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