How to Measure Project Performance

If you're building a data career, mastering the art of measurement planning can be one of the most effective ways to differentiate yourself from your peers. Companies need people who are thinking about this every time they launch a new initiative. If you can develop strong skills here, it can be your ticket to getting involved earlier on, in more projects, and to becoming seen as a true strategic partner in your organization. Here's what you should focus on... 1. Think Business First -> Resist the urge to dive straight into the data. -> Understand how critical this project is to the business. -> Ask what the key goals for the initiative are. -> What are the most important questions you'll answer? 2. Know Your Audience -> Who is driving the project? Is this the primary audience? -> What are the goals and incentives of key stakeholders? -> What data can you provide that will help them? -> What types of info may inspire them to take action? 3. Define the Key Performance Indicators (KPIs) -> For the goals identified, translate them to metrics -> Prioritize metrics based on importance to stakeholders -> Go a layer deeper, and think about KPI driving levers -> How do you picture optimizing the businesses KPIs? 4. Identify the Data Sources You'll Need -> Where will you get each data point you need? -> Who owns or manages each existing data source? -> Are the data sources available real-time? -> Are there gaps in existing data? How do you fill them? -> How can you automate or streamline reporting? If you can follow this framework, you should be able to break down any project and build a measurement plan that will help your organization identify goals, understand outcomes, and optimize performance to drive the business to new heights. We've got a free guide that goes deeper on this, called 'How to Build a Measurement' plan. CHECK IT OUT: --> https://bit.ly/3eaXGmq @ Data Pros - what else would you add here? #data #analytics #businessintelligence #measurement #planningforsuccess

If someone asks, “How should we measure the success of this program?” Your answer should be: -> 1) What’s our goal? and 2) What kind of time/resources can we put into this? Begin with a business-level goal. Then, work your way down the Kirkpatrick model (Level 4 to Level 1). Here’s an example for an emerging leader program. 🟣 Level 0: Set your business-level goal. This is budget agnostic. Example: I want to promote at least 20 emerging leaders who graduate from my program by the end of next year. 🔵 Level 4: Business Impact Example: Measure the number of positions you successfully filled. Also, measure leadership readiness before and after using a 360 assessment and manager interview. Goal: To fill those 20 slots. To show preparedness to lead for more than 20. 🟢 Level 3: Behavior Change Example: In-depth self-assessment of critical behaviors (before and after the program). Have managers evaluate all the same items. Goal: To show you’re changing critical behaviors that make your emerging leaders promotable. 🟡 Level 2: Learning Retention Example: Create a digital badge awarded for 80% completion of all learning, exercises, and activities. Goal: To ensure enough learning and practice is happening to change behavior. 🔴 Level 1: Learner Reaction: Example: Measure participant net promoter score (NPS) and collect evaluations on program content and activities. Goal: To get feedback you can use to improve your content and delivery. *** The whole “measurement thing” gets much easier when you begin with the end. Start with your goals. Then lay out your metrics. #leadershipdevelopment P.S. You can use this diagram as a template for any program. Just: 1/ Fill in Level 0. 2/ Fill in your goals for each level of measurement. 3/ Find the option that suits your budget & resources. P.P.S - I just used the mid-budget, mid-resources examples in this text post. For examples of “low” and “high” budget/commitment, see the full diagram.

Project Managers, if you're not using this—you’re flying blind. This isn’t just another table. It’s your project CONTROL panel — the cockpit instruments that tell you: ✔ How far you’ve come ✔ How much you’ve actually spent ✔ Whether you’re still on course — or headed for trouble 💡 So, what is Earned Value Management (EVM)? EVM is a powerful project performance technique that integrates scope, time, and cost into a single system. It allows you to measure where the project is today, forecast where it’s going, and take corrective action before things spiral out of control. Think of it as your early warning system not just for overruns, but for underperformance, misalignment, and scope-risk mismatches. This visual gives you everything you need to master: PV, EV, AC — your baseline tracking trio CV, SV, CPI, SPI — performance health checks EAC, ETC, TCPI — real forecasting & course correction