Project Planning Key Metrics to Track
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
Project Planning: Key Metrics to Track
Project planning is a critical aspect of any project management process. It involves identifying goals, setting timelines, determining resource requirements, and outlining the steps that need to be taken to achieve project objectives. Once the project planning is complete, it is crucial to track metrics to ensure that the project stays on track and meets the desired outcomes. In this article, we will discuss the key metrics to track during a project.
Budget Metrics
One of the most critical metrics to track is the project’s budget. This metric involves tracking actual expenses versus planned expenses. By tracking the budget, the project manager can identify potential cost overruns early on and take corrective action. Additionally, tracking the budget can help with resource allocation and procurement decisions.
Schedule Metrics
Another essential metric to track is the project schedule. This metric involves tracking actual progress versus planned progress. By tracking the schedule, the project manager can identify potential delays and adjust timelines as needed. Additionally, tracking the schedule can help ensure that the project is on track to meet its objectives.
Scope Metrics
The project’s scope defines what will be delivered and what will not be delivered as part of the project. Tracking scope metrics involves monitoring changes to the scope and ensuring that the project team is delivering what was agreed upon. By tracking scope metrics, the project manager can ensure that the project remains focused on its objectives and is not derailed by scope creep.
Quality Metrics
Quality metrics involve monitoring the project’s deliverables to ensure that they meet the desired quality standards. By tracking quality metrics, the project manager can identify potential issues early on and take corrective action. Additionally, tracking quality metrics can help ensure that the project delivers the desired outcomes.
Risk Metrics
Risk metrics involve monitoring potential risks and their impact on the project. By tracking risk metrics, the project manager can identify potential issues early on and take corrective action. Additionally, tracking risk metrics can help with risk mitigation and contingency planning.
Resource Metrics
Resource metrics involve monitoring resource allocation and utilization. By tracking resource metrics, the project manager can ensure that resources are being used efficiently and effectively. Additionally, tracking resource metrics can help with resource allocation and procurement decisions.
Stakeholder Metrics
Stakeholder metrics involve monitoring stakeholder engagement and satisfaction. By tracking stakeholder metrics, the project manager can ensure that stakeholders are engaged and satisfied with the project’s progress. Additionally, tracking stakeholder metrics can help with stakeholder communication and relationship management.
In conclusion, tracking key metrics is essential to project planning and management. By tracking budget, schedule, scope, quality, risk, resource, and stakeholder metrics, the project manager can ensure that the project stays on track and meets its desired outcomes. Additionally, tracking these metrics can help with decision-making and course correction throughout the project lifecycle.
Project Planning Key Metrics to Track
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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