Your first big project as a project manager is to open a new marina at the Harborside campus complete with restaurant, pool and bocce ball courts. In the latest project meeting, several team members reported status (two members did not show). The facilities manager, responsible for permits is waiting for the results of the runoff water. If there is any indication of pollution, the DEM will not issue a permit which would have catastrophic impact on the project. He thinks there is a 50-50 chance this could happen. Dan from accounting said although your budget for $5,000,000 has been approved, you still need to fill out a form and get it to him by next week. Your business analyst (BA) met with the on-site restaurant owner. The owner stated there may not be enough parking spaces for the restaurant. There is a moderate chance this is true; if it is, it will result in a moderate impact to your scope. Jim, the parts manager reported. The supplier shipped all the wrong plugs and they need to be reordered. HR reported there is a possibility that the marine mechanics labor union might strike. Given the history of contract negotiations, this is inevitable and it will immediately terminate your project. Oh yeah, the boss called. He is assigning you another project and wants talk about it before he goes on vacation Monday.

How would you measure project performance for this marina project?