Question

Find Lag indicators (KRIs) for the following and provide a short explanation why the KRIs you picked are effective for each:

1. Quality of the Deliverable
2. Completing project within budget
3. Delivering project on time

Answer 1

1. Quality of deliverable

The lag indicators for quality of deliverable can be meeting standards and timely delivery. since it is important to meet standard of quality required and also it must be delivered in TAT

2. Completing project within budget  

The lag indicators for completing project with budget are quality of resources used and productivity. it is good to complete project within budgets but it is also important to use standard resources to get it done and productivity is maintained throughout the project and project is matching quality standards.

3. Delivering project on time

The lag indicators for delivering project on time will be quality and completeness. The project must be delivered on time but we also need to make sure that the project is complete in its all aspects and all requirements are met, also the quality is maintained.

I hope this is sufficient. Pls let me know if you need any further help