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When status reporting how well a milestone, project, program or portfolio is performing or being delivered, project managers often use a RAG rating to indicate how on track or at risk is the project, its deliverables or tasks. [5] In some cases, additional colours are adopted to communicate nuances of status.
A performance indicator or key performance indicator (KPI) is a type of performance measurement that evaluates the success of an organization or activity. Learn about the categories, points of measurement, and examples of KPIs, and how they are used for decision making and improvement.
Earned value management (EVM) is a project management technique for measuring project performance and progress in an objective manner. It combines measurements of scope, time, and costs, and provides forecasts of project problems and success.
SMART is an acronym that stands for Specific, Measurable, Assignable, Realistic, and Time-bound. It is a framework for establishing effective objectives in various fields, such as project management, employee performance, and personal development.
Harvey balls are used for visual communication of qualitative information, such as product comparison or project tracking. They are named after Harvey L. Poppel, who invented them in the 1970s while working at Booz Allen Hamilton.
Learn about the centralized management of projects based on key characteristics, such as resource mix, schedule, and financial goals. Explore the history, key capabilities, and standards of project portfolio management, as well as the concept of enterprise project portfolio management.
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