Project Performance Dashboard
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The document discusses a project performance dashboard developed by Chris Vizzuett, which addresses five fundamental questions regarding project progress and performance. It compares earned value management (EVM) with earned schedule management (ESM) for measuring schedule variance, particularly emphasizing ESM's effectiveness in late-stage projects. The dashboard serves as a communication tool to standardize performance measurements and identify trends of underperformance.
Project Performance Dashboard
- 1. Project Performance DashboardChris Vizzuett MPM & PMP®
- 2. Five fundamental questions in any project:What is the project’s progress?How is the project performing?Will the project need more time to finish?How many weeks is the project ahead/behind plan?How is the critical path (key deliverables) going?
- 3. What is the Project’s REAL progress?Earned Value Management is an effective way to track progress…Actual CostPlanned ValueEarned ValueSchedule VarianceHowever, EVM is inaccurate when measuring schedule variance and schedule performance during the last third of the project and with projects running late…
- 4. How is the project performing?Earned Schedule Management is an alternative technique to calculate schedule variance and schedule performanceEarned Schedule (ES): 6 weeksActual time (AT): 7 weeks
- 5. How is the project performing?How is the project performing? SPI (t)Is the project ahead or behind schedule? SV (t)Will the project need more time to finish? IETC (t)(t)= performance calculated through ESM technique
- 6. How is the critical path going?Key deliverables in the Critical path are monitored
- 7. The dashboard is a tool to communicate project “health”One-pager type of report
- 8. Helps to focus on performance
- 9. Eliminates subjective progress measurements
- 10. Helps to standardize language among the team
- 11. Ensures progress is being measured consistently
- 12. Identifies trends of underperformance during early stages of projectChris Vizzuett MPM & PMP ®