Using Performance Measures
The Monitoring and Controlling process group concentrates on monitoring and measuring project performance to identify variances from the project management plan. During this phase, you will collect project data, analyze it, and report on it. The data you’ll report on might include information concerning project quality, costs, scope, project schedules, procurement, and risk, and it can be presented in the form of status reports, progress measurements such as key performance indicators, or forecasts.
The project management plan contains the project management baseline data (typically cost, schedule, and scope), which you’ll use to monitor and compare performance measurements against. Typically you’ll establish performance metrics when developing the plan and then measure them once the work of the project has started. Performance metrics and any deviations from the project management plan should be reported to the stakeholders at the project...