10 Essential Team KPIs For Any Project

10 Essential Team KPIs For Any Project

KPI is an acronym that stands for key performance indicator. It is a measurement that demonstrates how effectively a company is achieving its key business objectives. Organizations use KPI metrics to evaluate their success in reaching targets. KPIs must be agreed on by everyone in the project and be meaningful to its intended audience. There are two types of KPIs: quantitative and qualitative.

The 10 essential KPI metrics are listed below: quantitativeOverall task programsWorkload efficiencyTimesheet submittalsTask dependenciesProject scheduleQualitativeMentoring timeCollaborationStakeholder/client satisfactionCommunicationTeam evaluationHow to use KPIs effectively, blend the two types to get a complete metric for team performance. Write a clear objective, share with the team, regularly update the team, review weekly, and use an online project management software to measure KPIs. These three tips will keep your KPIs working accurately and effectively: make sure the KPIs are aligned with the organization and project, are achievable and not unrealistic, and are actionable. ProjectManager is a cloud-based project management software that instantly updates as teams update their statuses.