Exam Guide: Performance Measurement and Monitoring
Performance Measurement and Monitoring is an integral part of project governance, which enables a project manager to measure the actual performance against the planned performance and take necessary corrective actions if required. This process is crucial as it helps comprehend and analyze the health and progression of the project, assisting in making informed decisions.
The concept of performance measurement and monitoring in the PMBOK Guide Seventh Edition manifests through key performance indicators (KPIs), performance metrics, and other relevant tools and techniques. These performance measures are quantitative or qualitative indicators that provide information about the performance of the project.
Understanding performance measurement and monitoring can help you answer related questions on the PMP exam. Here are a few tips:
- In all questions related to performance measurement and monitoring, the focus should be on comparing planned vs. actual performance.
- Thoroughly understand different types of KPIs and their practical applications.
- Pay special attention to how performance measures are used to control project outcomes and lead to decisions about potential changes in the project.
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Performance Measurement and Monitoring practice test
Performance Measurement and Monitoring is a key part of project governance that involves ongoing tracking, evaluation, and reporting on project progress, performance, and outcomes. It helps to identify potential risks, issues, and deviations from the project plan, enabling project managers and stakeholders to take corrective actions promptly. Various tools and methodologies, such as Key Performance Indicators (KPIs), Earned Value Management (EVM), and project dashboards, can be used for effective monitoring and measuring of project performance. This ensures that the project remains on track, delivers expected benefits, and aligns with the organization's strategic vision, while promoting transparent communication among stakeholders.
Time: 5 minutes Questions: 5
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Project Management Professional Preparation Package (2024)
- Earn 35 PDUs needed for your PMP certification
- 12955 Superior-grade Project Management Professional practice questions.
- Accelerated Mastery: Deep dive into critical topics to fast-track your mastery.
- Unlock Effortless PMP preparation: 5 full exams.
- 100% Satisfaction Guaranteed: Full refund with no questions if unsatisfied.
- Bonus: If you upgrade now you get upgraded access to all courses
- Risk-Free Decision: Start with a 7-day free trial - get premium features at no cost!