Discuss which are most appropriate for the case: quantitative, practical, directional, actionable, financial, milestones, or success metrics and why.

1. Before writing the below paper (2) please write a
1 page paper discussing the below 3 points.

· what purpose should be served by your choices,
· what units of measure you will use,
· how you will choose among financial,
success-based, project-based, and project management process metrics.

Discuss which are most appropriate for the case: quantitative,
practical, directional, actionable, financial, milestones, or success metrics
and why.

2.
Final
paper 5 pages

Selecting Metrics for
a Home Renovation Project
Since metrics keep stakeholders in tune to the health of a
project, metrics must be a clear and truthful representation of project status.
Consider this scenario.
You are the project manager of a company that does home
remodeling and you have just been given a major remodeling project which will
update the electrical and heat and air systems, kitchen, and the single
bathroom of a house built in 1930. Your project also adds another bedroom with
a master suite. The client has authorized a budget of $95,000 and wants the
house ready for Thanksgiving, which is six months away.
Your general contractor (GC) has called you in to discuss the
project and asks you to put together a set of metrics that will communicate the
project status to her, to the homeowners, the building trade groups, and any
other stakeholders. Your GC has asked to meet again in three days with your
recommendation which you must be able to defend.
Prepare your metrics of project health and be ready to defend
the following:
·
how many metrics you will
use and why that is the “right” number,
·
what the metrics are
that you have chosen and why,
·
explain that you will
use both quantitative and qualitative metrics what they are and why,
·
explain how and when
you’ll get the data,
·
what metrics will
allow you to find mistakes early enough in the project for correction, and,
·
explain which metrics
will improve client satisfaction.
Remember that metrics must have a purpose, have a baseline and
target, a way to measure, a way to appropriately interpret them and a reporting
structure. Be ready to defend your choices relative to those things too. You
will present your ideas in a formal paper for the purposes of this class.

Last Completed Projects