I read an interesting article about metrics, specifically it was about metrics for software projects but the main rules are applicable to all projects.
A metric should be:
1) Informative (and ideally Predictive) - It should give relevant useful information.
2) Objective - It should not matter who is determining the metric.
3) Automated - The more work it takes to generate the metric the less likely it is to get used or recorded accurately.
Idea From: http://www.baselinemag.com/c/a/IT-Management/Lies-Damned-Lies-and-Project-Metrics-Part-1/
16 June 2008
Thought of the Day - Metrics
Labels:
Business,
Management,
MBA,
Project Management,
Software,
TotD
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