What are the key performance indicators that a project status dashboard tool tracks?

A project status dashboard tool tracks several key performance indicators (KPIs) to measure the progress and success of a project. These KPIs include, but are not limited to, the following:

1. Time versus product phase: This KPI measures the amount of time spent on each phase of the product development process. It helps project managers identify any delays or inefficiencies in the process.

2. Timeline versus resource capacity: This KPI compares the project timeline with the capacity of the resources (human, financial, etc.) available. It helps in identifying any resource constraints that may affect the project timeline.

3. Project status across phases: This KPI tracks the progress of the project across different phases. It helps in communicating project updates to stakeholders and team members.

4. Goals outlined in the project charter: This KPI measures the current status of the project against the goals outlined in the project charter. It helps in identifying any deviations from the planned objectives.

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Successful project managers need a project status dashboard tool to track their project's status across phases and key performance indicators. This dashboard helps communicate project updates to external stakeholders and internal team members. You can measure your time versus product phase and timeline versus resource capacity to measure your current status against goals outlined in the project charter. (Slide 39-43)

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Ultimate Project Management Toolbox

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