Project Management Metrics, KPIs, and Dashboards, 4th Edition

1 THE CHANGING LANDSCAPE OF PROJECT MANAGEMENT

CHAPTER OVERVIEW

The way project managers managed projects in the past will not suffice for many of the projects being managed now or for the projects of the future. The complexity of these projects will place pressure on organizations to better understand how to identify, select, measure, and report project metrics, especially metrics showing value creation. The future of project management may very well be metric-driven project management. In addition, new approaches to project management, such as those with agile and Scrum, have brought with them new sets of metrics.

CHAPTER OBJECTIVES

• To understand how project management has changed
• To understand the need for project management metrics
• To understand the need for better, more complex project management metrics

KEY WORDS

• Certification boards
• Complex projects
• Engagement project management
• Frameworks
• Governance
• Project management methodologies
• Project success

1.0 INTRODUCTION

For more than 50 years, project management has been in use but perhaps not on a worldwide basis. What differentiated companies in the early years was whether they used project management or not, not how well they used it. Today, almost every company uses project management, and the differentiation is whether they are simply good at project management or whether they truly excel at project management. The difference between using project management and being good at it is relatively small, and most companies ...