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Impact of not measuring performance in projects (Project members (May not…
Impact of not measuring performance in projects
Financial
Profitability of individual projects is unknown
Overspend is not identified
No indication of progress within a project
Uncertainty over cost of project
Suppliers are not monitored in terms of cost and delivery time
Customer
Project not delivered on time
Project not delivered on budget
Quality of work does not meet customer expectation
Ineffective communication
Internal Processes
Uncertainty of time used to complete project
Uncertainty of resources used
Time overun
Quality of work does not meet industry standards
No indication of progress within the project
Project members
May not identify a problem and therefore make no effort to address it
Will not know what they have to do to improve
May become demotivated
Reduction in working standards
Possible duplication of work
lack of accountability