What are the key performance metrics for project management?
An example of an AI chatbot conversation about project performance metrics in management.
What are the key performance metrics for project management?
Key performance metrics for project management include schedule variance, cost variance, and return on investment.
Can you explain schedule variance?
Schedule variance measures the difference between the planned progress and the actual progress of a project.
How do I calculate cost variance?
Cost variance is calculated by subtracting the actual cost from the planned budget. It's expressed as CV = EV - AC.
What metrics should I focus on for a software development project?
For software development, focus on metrics like velocity, defect density, and lead time.
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