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Project Performance Dashboard

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In this presentation, Chris Vizzuett shows a practical use of Earned Value Management and Earned Schedule Management to develop a project performance dashboard

Project Performance Dashboard

  1. 1. Project Performance Dashboard<br />Chris Vizzuett MPM & PMP®<br />
  2. 2. Five fundamental questions in any project:<br />What is the project’s progress?<br />How is the project performing?<br />Will the project need more time to finish?<br />How many weeks is the project ahead/behind plan?<br />How is the critical path (key deliverables) going?<br />
  3. 3. What is the Project’s REAL progress?<br />Earned Value Management is an effective way to track progress…<br />Actual Cost<br />Planned Value<br />Earned Value<br />Schedule Variance<br />However, EVM is inaccurate when measuring schedule variance and schedule performance during the last third of the project and with projects running late…<br />
  4. 4. How is the project performing?<br />Earned Schedule Management is an alternative technique to calculate schedule variance and schedule performance<br />Earned Schedule (ES): 6 weeks<br />Actual time (AT): 7 weeks<br />
  5. 5. How is the project performing?<br />How is the project performing? SPI (t)<br />Is the project ahead or behind schedule? SV (t)<br />Will the project need more time to finish? IETC (t)<br />(t)= performance calculated through ESM technique<br />
  6. 6. How is the critical path going?<br />Key deliverables in the Critical path are monitored<br />
  7. 7. The dashboard is a tool to communicate project “health”<br /><ul><li>One-pager type of report
  8. 8. Helps to focus on performance
  9. 9. Eliminates subjective progress measurements
  10. 10. Helps to standardize language among the team
  11. 11. Ensures progress is being measured consistently
  12. 12. Identifies trends of underperformance during early stages of project</li></li></ul><li>Chris Vizzuett MPM & PMP ®<br />