This Business News Story Was Uncovered By Us From: http://www.youngupstarts.com/2019/04/22/the-crucial-questions-every-project-manager-needs-to-ask-and-the-kpis-to-answer-them/
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by Vadim Katcherovski, CEO of Easy Projects
Much like a GPS plans the best route to guide you to your destination, KPIs help project managers stay on track for successful completion. It’s no secret that projects are made up of many moving parts, and these parts need to be monitored in order to establish the health of the project at any stage.
Successful, in-budget project completion is still a mammoth task for many organizations. In fact, according to a study by KPMG, 70 percent of organizations experienced at least one project failure in the prior 12 months, and 50 percent of respondents in the same study revealed that their projects have not consistently achieved their pre-set goals.
So, using KPIs to help reduce the amount of project failures and setbacks seems like a no-brainer for project teams. And while there are many KPIs that differ in their importance to teams with different goals, there are some indicators that can be applied universally to maximize efficiency and productivity in project management.
With new project management software that’s enhanced with Artificial Intelligence (AI) and Machine Learning (ML) capabilities, teams can be more prepared than ever before by receiving reports in real time on a range of KPIs, from schedule performance to project profitability. Let’s take a look at the questions that project managers need to be asking, and how the KPIs that are visible through a comprehensive project management software platform can answer them.
Will we hit the deadline?
Project managers can gain a crucial understanding of how on-track the project is to meet its deadlines through reports formed of KPIs on schedule performance. The KPIs that teams should be paying attention to are the EVA (Earned Value Analysis… Read More
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