How is a Project Manager rated ?
In my opinion, Project Manager’s rating works in 2 ways .
a. For small to medium sized projects with quick deliverables and small teams :
Project managers earn 100 points for completing a project. But if the project isn't completed on time, the project manager gets points deducted from his score—say two points for every week the project is late.
Similarly, if the project comes in over budget or is implemented with defects, the project manager loses points—such as a half a point for each defect found within 60 days of the project going live or half a point for each one percent the project went over budget.
Project size is also taken into consideration according to its number of function points.
Organizations can subtract more or fewer points from a project manager's score depending on which elements of project success (e.g. time, budget and quality) they wish to emphasize. For instance, if an organization prizes speed over quality, and if a project manager misses the go-live date, the project manager could be deducted five points for each week the project was late instead of two.
Above has been adopted from the Zaitz’s methodology. Though Zaitz's methodology is focused on objective metrics, it takes into consideration stretch goals, such as early delivery of projects and technical productivity (getting more done with fewer resources or for less money), and soft skills .
For example, if project managers complete their projects ahead of time or under budget, they can earn bonus points (especially if quality is not compromised.)
b. For the larger Projects where Requirements play an important role and need to be frozen before Project implementation
I feel the CMMI has rightly mentioned the KPAs which are of a function or organization but largely driven by a passionate Project Manager’s leadership .
Level 2 (Managed ) organization
Requirements management
Project Planning
Project Monitoring and Control
Supplier Agreement Management
Measurement and Analysis
Process and Product Quality Assurance
Configuration Management
Level 3 - Defined Organization
Requirements Development
Technical Solution
Product Integration
Verification
Validation
Risk Management
Decision Analysis and Resolution
Integrated Project Management
Organizational Process Focus
Organizational Training

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