What are 6 KPIs?

Here are six such key performance indicators that will ensure success in managing your project portfolio. Customer satisfaction. Our service at the end of the day is to serve our customers and clients. ... Productivity. ... Cost efficiency. ... Time. ... Return on investment (ROI) ... Alignment with goals of the organization.

thinkingportfolio.com - 6 Key Performance Indicators to Use to Ensure Success with Your ...

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A key performance indicator or KPI is a measured value indicating how effective an organization is in achieving its key business goals. In the context of project management, it demonstrates how successful the project was in benefiting all the people involved: stakeholders, customers, employees, and the community as well. Without KPIs, it would not be possible to assess the progress of the projects towards fulfilling the goals set. Here are six such key performance indicators that will ensure success in managing your project portfolio.

1. Customer satisfaction

Our service at the end of the day is to serve our customers and clients. So, the ultimate measure of success in a project is customer satisfaction. Surveys are carried out to get their feedback. After that is calculated as (total points from the survey) * 100 /(number of questions).

2. Productivity

Productivity measures the output of a resource as compared to its input. For every unit of input, what is the output? One way to measure this would be revenue per employee; the ratio of revenue per employee to the average salary per employee gives a productivity ratio for the organization. We could measure the number of projects done per employee or the number of lines of code per employee as well.

3. Cost efficiency

Cost Performance Index is the ratio of the value earned and the cost incurred to obtain that value. This helps organizations reduce financial risk by keeping the capital cost in check and allocating the capital wisely.

4. Time

The time taken from the beginning to the end of a project is referred to as the cycle time. Similar schemes can have a standard benchmark of cycle time to measure against. A shorter cycle time means a faster return on investment to the organization. Also, giving time for more projects to be taken up.

5. Return on investment (ROI)

ROI can be calculated as the total benefit divided by the total cost, expressed as a percentage (multiply by 100). It measures the returns for every dollar invested. Benefits can include the profits, cost savings, increased outputs expressed as a dollar amount while costs can consist of the cost of resources, travel expenses, cost of design and maintenance of a project, etc.

6. Alignment with goals of the organization

You also need to measure if the projects you are doing are right for you keeping in mind the purposes of the organization as a whole. Surveys can be conducted along with alignment ratings where the business managers, leaders and project managers are the participants. With these KPIs in mind, you are on your way to effectively manage any project that serves the goals of your organization.

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What is another name healthy?

Some common synonyms of healthy are hale, robust, sound, well, and wholesome.

merriam-webster.com - 239 Synonyms & Antonyms of HEALTHY - Merriam-Webster

How is the word healthy distinct from other similar adjectives? Some common synonyms of healthy are hale, robust, sound, well, and wholesome. While all these words mean "enjoying or indicative of good health," healthy implies full strength and vigor as well as freedom from signs of disease. a healthy family Where would hale be a reasonable alternative to healthy? While in some cases nearly identical to healthy, hale applies particularly to robustness in old age. still hale at the age of eighty When is robust a more appropriate choice than healthy? While the synonyms robust and healthy are close in meaning, robust implies the opposite of all that is delicate or sickly. a lively, robust little boy When might sound be a better fit than healthy? Although the words sound and healthy have much in common, sound emphasizes the absence of disease, weakness, or malfunction. a sound heart When would well be a good substitute for healthy? The words well and healthy can be used in similar contexts, but well implies merely freedom from disease or illness. she has never been a well person

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