Cost, quality and time are the three KPI’s
used for project evaluation. These KPI’s can show huge deviations based on
several factors such as project life cycle phase, perception of people
evaluating projects or its industry. Each organization would be having
organizational stakeholders, product stakeholders and capital stakeholders.
Each of these stakeholders would be having different sub groups and they have
different expectations from the organizations. These groups may work directly
with the project and some groups may not be aware of the project at all. Still,
the project’s performance will directly or indirectly influence the
satisfaction of stakeholders. The project’s performance also differs based on
the project life cycle stage. There are lots of KPI’s behind the classical
three KPI’s. Satisfaction of Stakeholders and contribution of organizational
goals are some other KPI’s useful for project performance.
Enterprise performance is
very critical in order to sustain in the market. Well performing enterprises
are able to sustain in the market with competitive advantage. Project
management plays a critical role in order to provide best outcome for the gains
of an enterprise. Project manager takes care of set of tools to be used by the
project team and resources. Project manager also select the method for the
project implementation i.e. Agile, waterfall and DevOps. Well managed project
provides best results which helps an enterprise and its customers. Enterprise
gets best set of tools which are helpful for the business users and customers
get best products and services with the successful implementation of the
project. Current market dynamics makes
enterprises to keep updating their systems and tools in order to be adaptive
and sustain in the market by getting the competitive edge.
Project Performance is dependent on specific parameters like
effective and efficient use of budget and resources; Success of a project is
directly related to the performance. Enterprise performance is directly related
to the project performance because of parameters such as ROI, Profits, decision
making, user productivity dependent upon project success. Project success
enables better user productivity and enhances enterprise decision making. In
order to be sustainable, Enterprises have to measure project performance
constantly and keep up to date with the recent treads by updating their
systems, products and services. Project performance is measured by ROI,
Customer success, User adaptability and overall gains reflected after deploying
the project. Information technology projects are implemented in order to
provide better products and services to the customer and the enterprise users.
Better products and services enables enterprises to gain customers which
increases overall revenue for an enterprise.
Project management is very
important in order to effectively and efficiently manage the project. Project
performance is tracked during project management. Performance is dependent upon
the tools, resources and overall project team including project sponsor.
Project management makes sure that budget and resources are used effectively
and efficiently. Project success plays a major role in enterprise performance as
internal projects are implemented to help enterprise users in order to provide
them set of tools which does analysis, enhance productivity, store information
and retrieve data base. External
projects help client/customers to gain successes in their respective business.
Quality assurance and security are also important factor that contributes
towards the success of the project. Quality assurance and security requires
extra budget but that is required to deliver the success full project.