Project Performance
Measurement and Management

Effective project management is not just about meeting deadlines and staying within budget – It’s about delivering value and achieving strategic objectives. In this Project Performance Measurement and Management training course, we will explore the essential principles, tools, and techniques used to measure, analyse, and manage project performance to ensure success.

Project performance measurement provides the data-driven insights needed to track progress, identify risks, and make informed decisions. Without proper measurement, project teams may struggle to detect issues early, leading to missed targets and inefficiencies. This training course will cover key performance indicators (KPIs), earned value management (EVM), balanced scorecards, and other frameworks used to assess performance across scope, time, cost, quality, and stakeholder satisfaction. 

Beyond measurement, effective management of project performance requires proactive decision-making and continuous improvement. This training course will examine how to interpret performance data, implement corrective actions, and foster a culture of accountability and excellence. Case studies and real-world examples will provide practical applications, equipping delegates with the skills to enhance project outcomes in any industry.

This PetroKnowledge Project Performance Measurement and Management training course will highlight:

• Discussions on project success and failure
• Exploration of the concept of the value and value-driven project management
• Definition of key performance indicators, metrics and reporting mechanisms
• Demonstration of techniques to control expectations through effective stakeholder management
• Examination of effective governance mechanisms to support planning, execution, change control, and performance management
• Application of core planning techniques to enable management to control project scope, schedule, costs, uncertainty, and quality

By the end of this training course, the participants will be able to:

• The benefit of applying value-driven Project Management techniques
• How to identify relevant Key Performance Indicators (KPI) & establish additional metrics to measure the increasingly complex nature of modern projects?
• How to compose effective dashboards and scorecards to report project performance?
• The importance of clearly establishing the project environment and context within the planning process
• The benefit of applying proven project management techniques to establish an integrated project baseline
• How to measure, forecast, present status, and control project performance by employing earned value techniques?
• The importance of careful team selection and dynamics in project performance

This PetroKnowledge Project Performance Measurement and Management training course is tailored to suit project management professionals and project team members who are engaged in the planning, execution, and delivery of projects of all types and sizes. 

This training course is a suitably wide range of professionals but will significantly benefit: 

• Project Directors & Managers
• Project Consultants
• Project Planners and Estimators
• Quality Assurance Managers and Engineers
• Contract and Procurement Managers
• Project and Discipline Engineers
• Specialist Technicians and Technical Assistants

This Project Performance Measurement and Management training course will incorporate both theory and skill training components, applying hands-on exercises, facilitation of group discussions, practical case studies, and real-life examples.

The organisation will benefit by:

• Making corporate improvements through linking of strategic goals to accurately defined project performance metrics
• Enhancing decision-making due to clear visibility of project progress and performance, and delivering to expectations
• Excelling in project management practice and increasing organisational maturity
• Equipping employees with enhanced skills in project management and leadership
• Improve their project delivery key performance indicators and success rates
• Improving customer and shareholder value through consistently accurate and reliable performance reporting

Participants will develop additional and valuable skills through: 

• Learning to recognise and address the increased complexity of the modern project management environment
• Appreciating the need to recognise that value-driven approaches and a focus on “outcomes rather than outputs” is a key success factor in all projects
• Enhancing their project management skills by knowing how to plan, organise, implement, control, and close projects using proven best practices
• Knowing how to report project performance accurately through the selection of relevant Key Performance Indicators
• Learning how to proactively identify and control project risks and thereby maintain consistent project performance
• Improving the speed and efficiency of delivery in all projects they are involved in