1 minute read

BUSINESS MODEL Monitoring, Evaluation and Tracking

To keep track of our project progress and ensure the smooth running of activities, we will have a set of indicators which we would be monitoring throughout the project's life cycle. The below table shows the indicators, along with their descriptions.

Operational Indicators

Advertisement

Planned Value

Description

The planned value is the estimated cost for the project activitiesplanned as of reporting date.

We would compare the Planned Value with the other project KPIs to see whether we are running ahead of schedule or have already spent a bigger slice of our budget than scheduled to date.

Goal Indicators Description

To what level have the project's objectivesbeen actualized? This will show whether objectiveswere achievedas planned. If not, have they been underachievedor overachieved?

Actual Cost

Return On Investment

Cost of Variance

Cost of Performance

Cost of Managing Processes

This indicates how much money we have really spent on the project as to date.

The project’s ROI would reflect on its profitabilityand show whether the benefitsof the project exceed its cost.

This would indicate whether the estimated cost of the project is below or above the planned baseline.

This project KPI would help us approximatehow much time we are behind or ahead of the approvedproject schedule. CPI is the ratio of the planned budget to what we’ve actually spent to accomplish these tasks.

This would giveinformationon the overview of the time and resources spent on supervising and managing the project.

Planned Hours of Work Vs Actual Situation

Overseeingthis project metric would indicate how many working hours were planned for the project processes compared to the actual time spent.

OverdueProject Tasks / Crossed Deadlines

This indicator would help us keep track of how many projects are overdue

This article is from: