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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
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Home » Glossary » What are Schedule Metrics?
What are Schedule Metrics?   

What are Schedule Metrics?


 Schedule Metrics refer to a set of verifiable measurement standards by which efficiency, performance, state or quality of a schedule can be identified and assessed. They are used to measure schedules against their baselines to determine any variance and discrepancy. They are measured in quantitative or qualitative terms. 

A system of schedule metrics is a great way to monitor and control schedule change. Such a system allows managers to track variance while capturing schedule performance, making comparisons to baseline measures, and supporting schedule improvement. 

A system of verifiable metrics can be applied to a schedule if this schedule is:

  • Measurable so the schedule content can be gauged.
  • Relevant to preset goals and expectations.
  • Controllable to capture and track the content. 

There are four basic indicators that characterize a schedule and its state:

  • Variance, a measure of a schedule’s variability from an average (e.g. average duration, average cost).
  • Performance, a qualitative indicator that proves how well a given schedule is performed against the expected performance level.
  • Quality, a metric that examines schedule conformance to a range of preset values, such as cost and time.
  • Efficiency, a general indicator that confirms whether scheduled items are performed in the right way.

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