Working the Numbers

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Working the Numbers

Paul Harder

July 29, 2003






The foundation of project portfolio management rests on the collection and analysis of metrics from the project level. Each project contributes bits of information regarding the overall health and direction of the portfolio. However, portfolio managers need to select metrics that allow them to objectively evaluate both the portfolio's status as well as each project's status.

 

Defining Metric

For project portfolio management, a metric can be any number extracted from the project that can be evaluated as part of the overall portfolio. Three key factors play into selecting a useful metric. These factors are:

 

·        Objective: The metric should be objectively measurable.



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