Additional measures both quantitative and qualitative are needed to obtain an objective assessment of the projects. Impact Measures Technology measures, addressing different project phases including Planning, Implementation and Production must be considered to gain a good understanding of overall project wellness. Costs, time to market, flexibility, ease of use, integration, learning and availability, are measures which have major impact on projects and should be tracked and evaluated on a regular basis. This needs to cover all costs associated with the provision of service, error correction, customer satisfaction and support. Measures accounting for business fit or strategic fullfillment should also be considered and implemented.
Many factors affect the project evaluation based on the metrics collected.
An interpretation of the metrics must be done to gain insight into the overall projects and programs. The key factors affecting the use of Project Metrics are Relevancy, Risk, Consistency, Collection, Frequency, Access and Pragmatism. Gathering metrics that are relevant to both the project and the organization is critical. The measures selected must be applied consistently, from project to project and across varied units including all locations of the organization. This ensures all projects evaluations to be equitable having a common denominator and an improved device to communicate project progress.