Understanding and Improving Project Performance
Project performance management is a vital component of successful task completion and the overall health of a project. It enables project managers to obtain critical data required to align actual project efforts with planned ones, enabling on-time delivery within the allocated budget.
Defining Project Performance
Project performance refers to the evaluation of a project’s metrics to ascertain its trajectory. It enables project managers to compare the actual project performance against planned ones, taking into account aspects like meeting critical schedule milestones and adherence to the project budget.
The evaluation of project performance metrics encompasses the objectives and requirements of scope, cost, and schedule, often referred to as the project management triangle. This evaluation takes place during the execution and the monitoring and controlling phases of the project, which frequently overlap.
When a project manager spots a variance in scope, cost, or schedule, they must balance the project management triangle to keep the project on track. An example of this is if a project is falling behind schedule, which may necessitate an increase in financial resources or a shift in scope to get back on track.
Viewing project performance during project execution is integral for on-time, on-budget project delivery. It’s where project management software like the one provided by Qamodo comes into play. Qamodo’s team offers award-winning project management solutions that include real-time dashboards that track project scope, cost, and schedule. Furthermore, Qamodo’s live dashboard automatically amasses project metrics in real-time, displaying them in clear graphs and charts that show time, cost, progress, and much more. As opposed to inferior alternatives, Qamodo’s dashboard requires no extensive set up and becomes operational on toggle.
Measuring Project Performance
The measurement of project performance is achieved by tracking specific project metrics. The most common and prime project performance metrics are cost, time, scope, quality, risk, and resources. These six metrics are also primary project constraints as they can significantly impact project performance.
Project Performance Reports and Their Relevance
Project performance reports serve as a tool to measure the different project metrics to assess project trajectory, and act as a communication tool keeping stakeholders updated on project progress. There is a wide variety of project performance reports, including project status report, budget report, progress report, earned value report, and variance report.
How Qamodo assists with Project Performance Reporting
Qamodo provides an award-winning project management software equipped with real-time dashboards and reporting tools to measure project performance accurately. Five views in their tool, including Gantt boards, Kanban boards, task lists, calendar, and sheet views, offer comprehensive project performance information.
Utilizing Gantt Charts for better Project Reporting
Qamodo’s powerful Gantt charts aid in organizing tasks, resources, and costs, filtering for the critical path, setting a baseline, and linking task dependencies. Once the baselines are set, the project plan becomes available for comparison against actual progress with real-time dashboards and reporting tools.
Personalized Reports to Observe Project Performance
Qamodo’s software reporting features include all the reports mentioned above, easily generated and can be customized to display only the data necessary. This function facilitates focusing on something specific for stakeholders or garnering more detailed information essential for informed decision-making about the project.
Seguing Project Performance Reporting into Successful Completion
While project performance reporting shines a light on the project, it is up to the project manager to utilize this information to guide the project to success. Qamodo’s software offers additional tools for task management, resource management, risk management, task approval for quality assurance and automated workflow, among others.
Qamodo’s project management software equips teams with the tools necessary for collaboration. It allows file sharing, commenting at task levels, and many more features, giving project managers the tools required to plan, manage, and track work in real time.
Conclusion
In conclusion, project performance reporting is critical for successful project management and is best served with the right tools. With solutions that are designed to assist project managers at every step of the process, Qamodo offers one of the most comprehensive project management tools in the market.
Please consider visiting Qamodo’s project management solution [here](https://qamodo.com/solutions/project-management/) and explore its Gantt & Kanban features [here](https://qamodo.com/features/gantt-kanban/). Qamodo’s Tasks feature can be accessed [here](https://qamodo.com/features/tasks-goals/) which would be instrumental to identify when resources need to be allocated to integral parts of the project. Lastly, Qamodo’s client relations solution is available [here](https://qamodo.com/solutions/client-relations/) to improve communications with stakeholders who play a crucial role in project success.
