The Furlong may take a Fortnight and weigh a Firkin
A project metric is defined any data that may be mapped by a function of math. i Functions used upon these metrics include; Measurement, Comparison, Analysis, Synthesis, Estimation and Verification. Performance metrics are defined as any metrics that are used to derive value for a given system under scrutiny, these include financial metrics, intangible projections and EVM related data. ii The process of generating metrics consists of defining requirements for measurement, and developing the measures to determine if said requirements are met as well as establishing well defined targets to measure against. Methods used to create these metrics include project charting using earned value management, the use of performance based logistics or defining and methods to determine key performance indicators iii . Key performance indicators may be classified as into the following groups: Quantitative Practical Directional Actionable Financial Eac...