Project Management Dashboard

The down economy has affected all our personal lives in one way or another, and for those companies that are fortunate enough to still be in business, it has affected the way they do business.  One discipline where this is especially true, is project management, because it is directly focused on the management of organizational resources.  As resources become more and more scarce, internal competition between project managers for those resources has become prevalent.  To maintain stakeholder support of your projects, it’s important to provide useful information regarding the performance of your projects.  Yet time and time again, we see projects being managed without utilizing valuable metrics that are already being recorded by the underlying business processes.

Over the next couple weeks I’m going to show you how to build a project dashboard (like the one pictured above) that can effectively communicate (and justify) the healthy status of your project.  Before we can develop the dashboard we must first organize the project metrics into Project Management Institute’s 9 knowledge areas (time, cost, quality, human resources, communication, procurement, risk, and integration).

There are many books out there that merely tell you how to make your own metric templates.  If you are not a skilled statistician this can be a long and arduous process.  As such, I’ve developed a set of metric templates that drive a project dashboard, and you can purchase this toolkit at http://www.epicpm.com/visitor_class_catalog/show/13151.  I’ve designed it to be easily adaptable to any project you may be working on, and is preprogrammed with all of PMI’s Cost and Schedule forecasting formulas.  If you’re looking for that next big promotion, or want to show off your skills for that next big interview, this is a must have!

Join me over the next few weeks as I break down the 9 different knowledge areas, and help you identify what metrics you need and where you will find them.

Brandon Beemer, PhD, PMP