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Setting up metrics is Step 3 of a fool‐proof, four‐step plan:
Set your project goals.
Use your leadership capabilities, project management skills, influence, and problem‐solving skills to meet those project goals.
Create project metrics to tell you whether you've reached those project goals.
Use your communication management plan to disseminate that information to your project stakeholders.
But what are metrics? Here's a quick‐and‐dirty definition: Your project metrics are the processes, tools, and techniques that you use to measure the progress of your software project. The reason measuring your project progress is so important is because metrics enable you to proactively recognize whether
You're on track with your software project
You're ahead of or behind schedule
You're under‐ or overbudget
You're performing to the quality standards defined by your organization
Your project team members are performing to their maximum ability
The potential risks you've identified have materialized and could potentially adversely affect the project
You need to intervene to bring the project back on track