Since metrics keep stakeholders in tune to the health of a project, metrics must be a clear and truthful representation of project status. Consider this scenario.
You are the project manager of a company that does home remodeling and you have just been given a major remodeling project which will update the electrical and heat and air systems, kitchen, and the single bathroom of a house built in 1930. Your project also adds another bedroom with a master suite. The client has authorized a budget of $95,000 and wants the house ready for Thanksgiving, which is six months away.
Your general contractor (GC) has called you in to discuss the project and asks you to put together a set of metrics that will communicate the project status to her, to the homeowners, the building trade groups, and any other stakeholders. Your GC has asked to meet again in three days with your recommendation which you must be able to defend.
Prepare your metrics of project health and be ready to defend the following:
Remember that metrics must have a purpose, have a baseline and target, a way to measure, a way to appropriately interpret them and a reporting structure. Be ready to defend your choices relative to those things too. You will present your ideas in a formal paper for the purposes of this class.