Timeline for Financial indicators of a project and a project manager's efficiency
Current License: CC BY-SA 4.0
18 events
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| May 6, 2021 at 11:08 | history | bumped | CommunityBot | This question has answers that may be good or bad; the system has marked it active so that they can be reviewed. | |
| Jan 6, 2021 at 16:57 | comment | added | Daniel | I'd say that financial efficiency is measured by the ROI = (contract price - costs) / costs. | |
| Jan 6, 2021 at 16:51 | comment | added | MCW | Risk management is the way adults manage projects, but efficiency is the ratio of input to output - I'm not sure how to measure either of those values, and I'm not sure that either the measurement or the ratio is meaningful. Is a hastily drawn plan (low input to nominal output) higher efficiency than a thorough plan? Risk management is anti-efficient, since the input generally provides no output. "Planning is everything, the plan is nothing". I just get the sense that the answers aren't going to be suitable for the purpose driving the question. | |
| Jan 6, 2021 at 16:47 | comment | added | Daniel | @MarkC.Wallace I guess you mean that a PM doesn't participate in estimations, planning the project, indentifying risks, instead they are just given the scope, the time, the resources and have to complete the project? In this case PMs are really more like exception handlers. But for companies that do projects to earn money, the project is like an investment, and PM has much influence on ROI. | |
| Jan 6, 2021 at 11:26 | comment | added | MCW | I think this is an X:Y question and we need to identify the X. Earned Value Management is the standard measure of a project. I'm not sure what "efficiency" means or how to define the efficiency of a project manager. I'm deeply suspicious that the term is an anti-pattern. PM's are exception handlers, and should not be "efficient". Projects should be 100% efficient. | |
| Jan 6, 2021 at 11:08 | history | bumped | CommunityBot | This question has answers that may be good or bad; the system has marked it active so that they can be reviewed. | |
| Dec 7, 2020 at 17:16 | comment | added | Daniel | @ToddA.Jacobs A project manager does cotrol schedule, scope and budget, but a project manager also largely influences estimates and a budget, takes into account risks and thus have much influence on the financial part of a project. | |
| Dec 7, 2020 at 17:05 | comment | added | Todd A. Jacobs♦ | I think this is very much a misunderstanding of what project managers do. It is the business leadership's job to determine how to run their business effectively. Project managers control projects for things like schedule, scope, and budget. This seems like an X/Y problem with your organizational leadership rather than a valid PM question. | |
| Dec 7, 2020 at 10:53 | history | edited | Danny Schoemann | CC BY-SA 4.0 |
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| Dec 7, 2020 at 10:52 | answer | added | Danny Schoemann | timeline score: 0 | |
| Dec 6, 2020 at 20:42 | history | edited | Daniel | CC BY-SA 4.0 |
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| Dec 6, 2020 at 20:35 | history | edited | Daniel | CC BY-SA 4.0 |
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| Dec 6, 2020 at 20:28 | history | edited | Daniel | CC BY-SA 4.0 |
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| Dec 6, 2020 at 19:09 | history | edited | Daniel | CC BY-SA 4.0 |
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| Dec 6, 2020 at 18:06 | answer | added | nvogel | timeline score: 1 | |
| Dec 6, 2020 at 16:49 | history | edited | Daniel | CC BY-SA 4.0 |
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| Dec 6, 2020 at 16:41 | history | edited | Daniel |
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| Dec 6, 2020 at 16:34 | history | asked | Daniel | CC BY-SA 4.0 |