GITNUX MARKETDATA REPORT 2023
Must-Know Project Performance Metrics
Highlights: The Most Important Project Performance Metrics
- 1. Schedule Variance (SV)
- 2. Cost Variance (CV)
- 3. Schedule Performance Index (SPI)
- 4. Cost Performance Index (CPI)
- 5. Return on Investment (ROI)
- 6. Earned Value (EV)
- 7. Actual Cost (AC)
- 8. Planned Value (PV)
- 9. Quality Metrics
- 10. Scope Creep
- 11. Resource Utilization
- 12. Stakeholder Satisfaction
- 13. Risk Exposure
- 14. Project Completion Percentage
- 15. Time-to-Market
- 16. Cycle Time
- 17. Customer Satisfaction Index (CSI)
Table of Contents
Project Performance Metrics: Our Guide
Understanding the efficacy of your projects is crucial for optimal business success. The latest study highlights the pivotal project performance metrics that are often overlooked but are instrumental when strategizing project execution. Dive into this blog post and discover these key performance indicators that will make project management more efficient and successful.
Measures the difference between the planned and actual project progress. A positive SV indicates that the project is ahead of schedule, while a negative SV implies that it is behind.
Compares the actual cost of the project to the estimated cost. A positive CV means that the project is under budget, while a negative CV signifies that it is over budget.
Schedule Performance Index
Indicates the project’s efficiency in terms of schedule. An SPI value greater than 1 suggests that the project is ahead of schedule, while a value less than 1 indicates a delay.
Cost Performance Index
Represents the project’s cost efficiency. A CPI value greater than limplies that the project is running under budget, while a value less than 1 shows that it is over budget.
Return On Investment
Measures the amount of return generated by the project compared to its cost. A higher ROI indicates greater profitability.
Portrays the project’s cumulative progress in terms of planned value. An increasing EV curve usually indicates a well-paced project.
Represents the actual expenses incurred throughout the project.
The estimated value of the project at a certain point, based on the project’s schedule and initial budget.
Help assess the project’s performance in terms of quality, such as defect density, customer reported issues, and the percentage of passed tests.
Measures any changes or additions to the project’s original scope, which may impact overall project performance.
Evaluates the efficiency of resource usage, such as team members, equipment, and facilities, throughout the project.
Measures the satisfaction levels of project stakeholders, including clients, sponsors, and team members.
Evaluates the potential impact of identified risks on the project’s performance.
Project Completion Percentage
Indicates the amount of project work that has been completed compared to the total work required.
Measures the time taken by the project to deliver the product or service to the market, from ideation to completion.
Frequently Asked Questions
What are Project Performance Metrics?
What is the purpose of Project Performance Metrics?
What are some commonly used Project Performance Metrics?
How do Project Performance Metrics facilitate effective communication between stakeholders?
How can Project Performance Metrics support continuous improvement in project management?
How we write these articles
We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly. See our Editorial Guidelines.