What are Program and Project Vitals?
Project vitals, also known as key performance indicators (KPIs), are metrics that are used to measure the progress and success of a project. They are typically used to track the status of key aspects of the project, such as budget, schedule, and quality, and to identify any issues or risks that may arise.
Some common examples of project vitals include:
Budget: This includes metrics such as the total budget for the project, the amount of budget that has been spent to date, and the percentage of budget that has been used.
Schedule: This includes metrics such as the start and end date for the project, the percentage of the project that has been completed, and the duration of the project.
Quality: This includes metrics such as the number of defects or errors identified in the project, the percentage of project deliverables that meet quality standards, and customer satisfaction ratings.
Resource utilization: This includes metrics such as the number of hours worked on the project, the percentage of resources that are being used effectively, and the amount of overtime that has been required.
Overall, project vitals are an important tool for project managers, as they provide a clear and objective measure of the progress and success of a project. By tracking these metrics, project managers can identify any issues or risks that may arise and take steps to address them to ensure the success of the project.