Role of Key Performance Indicators (KPI's) in Project Management

Abstract

A project has many moving parts and it is critical that you measure the timeliness, budget, Quality and effectiveness of the Project along the way. There is need to execute these projects effectively with a limited budget. There are Key Performance Indicators (KPIs) i.e Planned Value, Actual Cost, Earned Value, Cost variance, Scheduled variance, Scheduled Performance Index, Cost Performance Index, Return on Investment. Every Project Manager can't afford to miss. To frame actionable project Key Performance Indicators (KPIs) that help to improve your team's performance. The following list of frequently used project KPIs and think how you could apply these metrics to track your own team's performance.