647 W6D Project metrics Essay Example | Topics and Well Written Essays - 250 words

647 W6D Project metrics - Essay Example The two most effect project metrics are retrospective metrics and diagnostics metrics. 1. Diagnostic Metrics: These are drawn from the existing information to analyse the current situation of the project. Using this metric, project managers may detect anomalies or forecast risks that might surface in the future (Kendrick, 2003). Diagnostic and retrospective metrics are used when the project is running and can be used to solve issues there and then. Diagnostic metrics alert the project managers regarding risks that are emerging during the course of the project. Retrospective metrics provide conclusions to the project reports and tell the managers if there are any risks expected in the future. Both types of metrics make the processes more efficient and risk free. Scarlat. E. et. al, n.d, ‘Indicators And Metrics Used In The Enterprise Risk Management (ERM),’ Department of Informatics and Economic Cybernetics, Acessed online, < http://www.ecocyb.ase.ro/20124pdf/Emil%20Scarlat%20%28T%29.pdf