What are some key performance indicators (KPIs) in project management?
An example of an AI chatbot conversation about KPIs in project management.
What are some key performance indicators (KPIs) in project management?
Key performance indicators (KPIs) in project management include metrics like project completion rate, budget variance, and stakeholder satisfaction.
Can you explain how to measure budget variance?
Budget variance is measured by comparing the planned budget to the actual spending. It's calculated as Actual Cost - Planned Budget.
What is a good project completion rate?
A good project completion rate is typically above 90%, indicating that most projects are finished on time and within scope.
How can I improve stakeholder satisfaction?
Improving stakeholder satisfaction can be achieved by maintaining clear communication, involving them in decision-making, and delivering on promises.
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