Metrics in Portfolio management

Revision as of 15:00, 10 February 2023

Abstract

Advances in project metrics have been rapid, but advances in portfolio metrics have been slow because not all companies maintain a project management office (PMO) dedicated to portfolio management activities. This can lead to changes in the role of the project manager, the metrics used, and the dashboard displays ^[1]

The purpose of this article is to outline the difference between the well-known metrics to measure Project performance and the ones to evaluate Portfolio performance.

Defining success on a project has never been an easy task. The focus has always been the triple constraints (see Iron triangle-link). Today, it is acknowledged that there are four cornerstones for success, where success is defined in terms of value that is expected.

Value based metrics vs. Traditional metrics