{"id":70696,"date":"2020-01-07T12:38:22","date_gmt":"2020-01-07T07:08:22","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?p=70696"},"modified":"2024-04-12T14:22:17","modified_gmt":"2024-04-12T08:52:17","slug":"productivity-and-metrics","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/productivity-and-metrics\/","title":{"rendered":"Productivity and Metrics"},"content":{"rendered":"

Productivity and Metrics<\/strong><\/h1>\n

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Productivity refers to how much quality work the team can do over a particular period of time. However, there is no particular measure that applies universally to all companies. In other words, each company has its own appropriates set of measures depending on the organization\u2019s strategy, technology, and the particular industry and environment in which they compete.<\/p>\n

Metrics Used For Productivity<\/h2>\n
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Return on Investment – Firstly, the formula for evaluating project investment is to divide Net Benefits by Cost and multiplying the result by 100. The key to this metric is to place a dollar value on each unit of data to collect and to measure Net Benefits. Costs include the costs to design and develop the project, cost of travel and expenses, etc.<\/p>\n

Productivity \u2013 Secondly, productivity refers to the output produced per unit of input. Productivity measures let you know whether you\u2019re getting your money\u2019s worth from your people and other inputs to the organization.<\/p>\n

Cost of Quality \u2013 Thirdly, the cost of quality is the amount of money a business loses because of its poor product\/service in the first place. It incorporates total labor, materials, and overhead costs which lead to imperfections in the delivery processes.<\/p>\n

Cost Performance \u2013 After that, the CPI refers to a measure of cost-efficiency. The simple way to determine cost performance is to divide the value of the work actually performed by the actual costs that it took to accomplish the earned value.<\/p>\n

Schedule Performance \u2013 In addition, the Schedule Performance Index refers to the ratio of total original authorized duration vs. total final project duration.<\/p>\n

Customer Satisfaction – Further, customer satisfaction implies that customer expectations are met. The CSI includes the following measures:<\/p>\n