Metrics are the measures needed to evaluate and prioritize your projects. Project evaluation metrics include characteristics of your projects, estimates of the impacts or consequences that would result from conducting your projects, and other factors, including characteristics of the external environment that influence the benefits to be derived from your projects.

The most important consideration for selecting metrics is that they provide the information necessary to compute project value. Project evaluation metrics, in other words, are the inputs to your project value model. Also, metrics should be "observables" — quantities that can be monitored so that the actual benefits of funded projects can be measured and verified.

Be sure that the tool you select can accommodate your metrics and associated value model.

We assist organizations in deriving metrics for accurately prioritizing projects. Click here to go to a section from one of our technical papers describing the methods that we use.