Value-Based Metrics for Improving Results: An Enterprise Project Management Toolkit

In the following chapters, a great deal of detail is provided that maps to the third edition of the Project Management Institute's A Guide to the Project Management Body of Knowledge (PMBOK ). For each area of knowledge, each specific output from each specific defined process is profiled in a 3Ms-oriented template to provide you with a baseline perspective of essential measurements. In most all cases, each 3Ms metric profile is based on performance standards against time and cost. These performance standards are Excellent, Very Good, Satisfactory, and Unsatisfactory.
In mapping the PMBOK area of knowledge outputs in this manner, we have created more than 200 metrics that can be implemented and monitored in predictive and detective analysis techniques to help the project manager control project risk to delivery. Because the focus of the third edition of the PMBOK is based on the single project culture, we have organized our approach in a similar manner. This correlation enables holistic and uniform measures that provide common language and process, which will greatly assist any organization using these templates to bring into alignment all project teams internally and all project teams within business objectives. The cognitive ability for people to comprehend what is essential or "satisfactory" versus what is too much ("Excellent" or "Very Good") is critical to delivering projects on time and on budget all the time! The worst thing that should ever happen to a project is being on time and on...