Project Metrics Checklist

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1. Time Metrics.
   • Milestones. Review current status of scheduled milestones and confirm whether they are completed in a timely manner.
   • Schedule Effectiveness. Identify whether your project is currently on schedule and identify whether the team is able to perform all planned activities within the scheduled time period.
   • Schedule Resource Loading. Be sure that every activity placed on the schedule is loaded with an adequate and sufficient number of project resources (incl. people, funds and inventories).
   • Delays. Identify and calculate number of delays and be sure that those delays are not critical to project performance and do not jeopardize project success.
2. Scope Metrics.
   • Scope Change. Identify number of changes (e.g. new requirements, extended boundaries) added to or removed from scope since the end of the planning phase.
   • Scope Forecast. Identify number of forecasts and their variations applied to scope.
   • Scope Baseline. Identify number of changes applied to the baseline parameters, including time, quality and cost.
3. Cost Metrics.
   • Budget Compliance. Estimate total amount of project expenses and be sure this amount does not exceed budgeted resources.
   • Cost Variance. Identify any changes applied to cost estimates and be sure those changes do not have a critical impact to the cost baseline.
   • Targeted Costs. Confirm that the project consumes financial resources within the period that has been defined and approved by the cost management plan, so all targeted costs are covered completely.
   • Actual vs. Estimated. Compare actual costs to estimated costs to calculate difference and identify whether this difference has a critical impact to the project. 
4. Quality Metrics.
   • Defects. Calculate percentage of serious defects fixed or rejected throughout the project lifecycle.
   • Forecasted vs. Actual. Determine the difference between forecasted defects and actual defects revealed and fixed.
   • Standards Adherence. Identify whether the project team follows quality standards.
   • Rework. Explore current status of deliverables and identify number of deliverables rejected or requiring rework because of incompliance with customer expectations. 
5. Risk Metrics.
   • Compliance with Risk Register. Find out how closely the project team deals with risks identified and defined by the risk register.
   • Risk Responsiveness. Review current status of identified risks and determine which risks are adequately responded.
   • New Risks. Calculate number of new unpredicted risks or threats that are not managed yet and require adequate responding.
   • Risk Planning. Find out how well and correctly the team understands risk profiles and realizes effective ways for risk mitigation.
6. Issue Metrics.
   • Impact to Baseline. Identify number of issues that cause a change to the project baseline.
   • Issues Unsolved. Count issues that the team cannot bring to a close in a timely manner.
   • Urgent Issue. Identify whether the number of issues that require immediate resolution is adequate to the size and complexity of your project. 
7. Opportunity Metrics.
   • Cost-Saving. Find out whether the senior management has taken advantage of cost-saving opportunities during negotiations with contractors.
   • Labor-Saving. Confirm whether the team uses labor-saving techniques to reach optimized performance.
   • Teamwork. Confirm whether the project benefits from good teamwork.
   • Communications. Identify how well teammates are enabled to exchange information with each other through using established communication channels.
8. Success Metrics.
   • Deliverables Accepted. Review status of project deliverables and count the number of produced deliverables that the customer fully accepts.
   • Completion. Review status of the project and identify whether all planned activities ...

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