This is the age of analytics. This trend helps every business that is willing and capable of embracing their opportunities. The metrics I offer in the below list have a goal of clarity. The aim is to boost employee engagement and focus on achievable goals.

Projects help define the priority and direction of a business. The metrics help you understand the true impact of their achievements.

High impact Less Utilized Project Metrics

1. Number of project completions per year

The key for this metric is in its description. Literally the number of projects that have been completed per financial year cycle. Too frequently leaders have an oversight of how many projects are “on the go” or can recall a couple of the key successful projects, but how many actually record this figure? My experience within small medium enterprise companies is this absolute number helps culture change and provides insights often missed.

2. Percentage of projects with non-positive ROI in year 1, 2, 3

Critical thinking still has a while before it successfully penetrates every level of management and leadership decision. Detailing this metric, it provides deep insights to financial value of projects. The control and use of this metric helps maintain the correct balance between “feel good” projects and hard monetary return.

3. Percentage of successful projects

I surprised how often this is not defined or measured across a business. This measure of specific help for C suite decision makers. It helps provide information to help steer resources and skills to departmental areas that have a low performance show in this metric.

4. Deviation of net present value (NPV)

A key financial measure to understand the risks and exposure the business is placed under during and after project implementations. As external events occur this metric can provide early warning signals to help steer the pace, resource or priority of activities.

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