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How do you measure project performance? Is it based on asking ‘how many hours did we spend and how much money did we charge?’ Is it using budget vs actual report?
These are great if you’re only interested in a financial point of view, but they’re terrible ways to manage a project overall — they only tell you how it is right now, not how it’s going to end up.
Fear not, project people! We recently released a new feature called Synergy project performance. This is a measure of the health of your projects using the earned value management technique (EVM).
EVM combines measurements of the project’s scope, time, and cost. It’s adding that extra dimension to how you measure the health of your project. It takes the context of what’s happened up to this point, and it adds the context of what you can project into the future, to tell you how you’re doing.
We don’t have a live webinar scheduled at the moment, but sign up to our newsletter (above) and we’ll send you a recording of the introduction to Synergy project performance webinar*. Watch to see how this new feature works and to find out how to set your projects up to take advantage of project performance and quickly and clearly see the health of your projects.
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