Project management consists of more than 49 processes to be defined, planned, executed, monitored, and controlled. All the processes of XLS for templates have their own place in defining KPI and impacting the quality, performance, and timeline of the project.
It is important to understand what are the key performance indicators of a project that required be tracking, monitoring and controlling constantly for insights of the project.
- What is project management excel dashboard templates XLS?
- How do I create a project report in Excel?
- What is KPI template excel download?
- What are the project management metrics?
- How I can define the role of quality assurance KPIs?
- What is the issue section map in project management?
KPIs are the measurable values that demonstrate the success of any activity or business. It helps to understand how effectively a business is achieving its goals and objectives. (For more detail Link)
Project Management KPI Template XLS is the simple visual representations of business KPIs to help management in making a decision about the achievement of business goals and objectives. It’s the best way of communicating the information about performance indicators to its targeted audience.
Project Management Metrics KPIs and Dashboard Template:
Project management metrics are the quantitative measures used for the assessment, comparison, and track of the project KPIs over the project lifecycle. Monitoring and tracking the project metrics helps to understand the project status, success and profitability factors.
A few project management metrics KPIs which are commonly used in almost every type of project are;
- Planned value (PV),
- Actual cost (AC),
- Earned value (EV),
- Cost variance (CV),
- Scheduled variance (SV),
- Cost performance indicator (CPI),
- Return on investment (ROI),
- Gross profit margin (Margin), and resource utilization.
Project management dashboards represent a lot of information visually about the KPIs of a project. Project management dashboards vary from project to project and changes as the project progress.
The information present on a dashboard isn’t always important for project managers. Therefore, project managers keep on customizing the project dashboard during the project timeline.
Simple KPI Dashboard
Simple project management KPI dashboards use a classified version of KPIs to track the performance such as the health of the project, project tasks, project issues, and the progress of the project.
Project health is usually defined by the time, resource, open issues, and risks KPIs of the project. Tasks section presents the information about the tasks that are completed, in-progress, and not-started yet.
Project Scheduling through KPI Dashboard
Issues section maps the project current issues as per the priority from normal to high priority issues. While the project progress is captured by the indication of project milestones achieved up to the date.
Related Spreadsheet: Project Task Tracking Spreadsheet
In some projects budget, quality and schedule KPIs are already given a lot of importance to be mapped on the project management KPIs dashboard.
Example of Project Management KPI Template:
Project management KPIs are categorized into four major sections for brainstorming the ideas about KPIs for different nature of projects.
These four categories are timeliness, budget, quality, and effectiveness KPIs.
- Project quality KPIs are considered important to quantify the project performance with reference to its stakeholders.
- Project quality assurances KPIs involve the following performance indicators to be assessed controlled and track;
- Employee churns rate, net promoter score, customer complaints, customer satisfaction, and a number of errors.
- These KPIs are the best examples of project assurance KPIs for project scale.
- At the implementation phase of project management, project quality assurance KPIs are a vital part of the project management KPIs dashboard for continuously tracking purposes.
Construction KPI Template Excel
Construction Project KPIs should be designed to empower the employees and for the presentation of the most relevant information for the learning purpose.
Project Construction KPIs template XLS spreadsheets are important to serve the purpose well.
How to create a Project Management KPIs Template?
Designing KPIs is important for the success of the project. What performance indicators should project manager monitors during the implementation of the project is really important to contribute to the success of a project.
Project performance measurement strategy referred to as “SMART” is used. Specific, measurable, agreed upon, realistic, and time-based are the elements of SMART strategy.
This helps to complete the following steps for the identification of project KPIs to create a project management KPIs template xls spreadsheet;
Understanding of the project objectives
Deciding the project success metrics
Identify the project potential stakeholders
Select a tool for monitoring the project performance, Agree on a schedule to determine the success or failure of the project
The objective of designing the project KPIs is; these should be properly linked to the strategy of the project focusing on the most important things. It should also provide answers to the most crucial W’s of the project. For more descriptive detail and examples of KPI (Klipfolio –Wikipedia)