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4.3.1.3 Common Types of Project Data - Coggle Diagram
4.3.1.3 Common Types of Project Data
Introduction to Project Data and Metrics
Definition of Data
Collection of facts that inform decisions and impacts team activities and project progress.
Definition of Metric
A measurable indicator
used to track business objectives,
helping to assess progress and efficiency.
Productivity Metrics
Purpose
Measures:
output,
efficiency over time
progress,
To ensure the project is on track.
Types of Productivity Metrics
Milestones
Tasks
Projections
:
Predictions of outcomes
Based on current information,
such as estimated project completion in six months.
Duration
:
Total time from project start to finish
Quality Metrics
Purpose
Measures on:
risks,
changes,
costs.
Types of Quality Metrics
Number of Changes
:
Tracks scope changes;
multiple changes can signal potential issues.
Issues
:
Known problems impacting task completion
(e.g., delays in legal approval or missing confirmed seats for a venue).
Cost Variance
:
Compares planned budget with actual spending
(e.g., exceeding budget due to additional guests at a business conference).
Tools for Managing Project Data
Project Management Software
Workfront and JIRA
: Track activities and monitor project health.
Data Analysis Tools
Tableau
: Visualizes data to provide insights.