Lag and Lead
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| + | ''Jacob Lützhøft Christensen s184113'' | ||
| − | Lag and lead indicators, are what is known as Key Perfomance Indicators (KPI). According to the british standard "Program Management: "Managing Successful Programmes“", a Key Performance Indicator (KPI), is a metric (either financial or non-financial) that is used to set and measure progress towards an organisational objective. <ref>[https://ebookcentral-proquest-com.proxy.findit.dtu.dk/lib/dtudk/reader.action?docID=4462753 '' | + | |
| + | == Abstract == | ||
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| + | Lag and lead indicators, are what is known as Key Perfomance Indicators (KPI). According to the british standard "Program Management: "Managing Successful Programmes“", a Key Performance Indicator (KPI), is a metric (either financial or non-financial) that is used to set and measure progress towards an organisational objective. <ref>[https://ebookcentral-proquest-com.proxy.findit.dtu.dk/lib/dtudk/reader.action?docID=4462753 ''Managing Successful Programmes 2011 Edition'', AXELOS and Office Cabinet, August, 2011]</ref>. A lead indicator, is an indicator which is forward looking. Meaning it attempts to show a future perfomance. These indicators can be difficult to determine, as they are prone to subjectivity and error, and can cause debate as to the validity of the lead indicators measured. <ref>[https://www.intrafocus.com/lead-and-lag-indicators/ ''Lead and Lag Indicators'', Intrafocus, Last visited: 14/02/21]</ref>. | ||
In project, program and portfolio management, realising the potential of lag and lead indicators, can be a vital part of being a succesful PM. | In project, program and portfolio management, realising the potential of lag and lead indicators, can be a vital part of being a succesful PM. | ||
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Revision as of 22:54, 14 February 2021
Jacob Lützhøft Christensen s184113
Contents |
Abstract
Lag and lead indicators, are what is known as Key Perfomance Indicators (KPI). According to the british standard "Program Management: "Managing Successful Programmes“", a Key Performance Indicator (KPI), is a metric (either financial or non-financial) that is used to set and measure progress towards an organisational objective. [1]. A lead indicator, is an indicator which is forward looking. Meaning it attempts to show a future perfomance. These indicators can be difficult to determine, as they are prone to subjectivity and error, and can cause debate as to the validity of the lead indicators measured. [2].
In project, program and portfolio management, realising the potential of lag and lead indicators, can be a vital part of being a succesful PM.
Reference link: team, human behaviour, Stephen Covey
Big Idea
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References
Examples
- ↑ Managing Successful Programmes 2011 Edition, AXELOS and Office Cabinet, August, 2011
- ↑ Lead and Lag Indicators, Intrafocus, Last visited: 14/02/21
- ↑ Hudson, Organisational Change Management, November, 2014
- ↑ [Kotter J.P. (1996) Leading Change, BOSTON, Harvard Business School Press]
