What are the best KPIs for project management?
An example of an AI chatbot conversation about key performance indicators in project management.
What are the best KPIs for project management?
The best KPIs for project management include schedule variance, cost variance, and project ROI. Would you like to know more about each?
Yes, please explain schedule variance.
Schedule variance measures the difference between the planned progress and the actual progress of a project. It's calculated by subtracting the planned value from the earned value.
How do I calculate cost variance?
Cost variance is calculated by subtracting the actual cost from the earned value. A positive cost variance indicates you're under budget.
What other KPIs should I consider?
Other important KPIs include resource utilization, quality metrics, and stakeholder satisfaction. Each provides insights into different aspects of project performance.
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