Project Tracking using a Metrics Binder Analysis (MBA) Model on Software Project Initiatives (SPI) EVANGELOS MARKOPOULOS Department of Informatics University of Piraeus 80 Karaoli & Dimitriou Str., Piraeus GREECE epm@unipi.gr GEORGIOS ALEXOPOULOS Process Engineering Research Unit EMPROSS Strategic IT Consultants - Germany Tumblingerstrasse 54/446, 80337, Bavaria, Munich GERMANY gia@empross.com NIKOLITSA BOUΖOUKOU International Business Development Unit EMPROSS Strategic IT Consultants - USA One Broadway, 14th floor, Boston, Cambridge, MA 02142 USA nkb@empross.com JAVIER BILBAO Applied Mathematics Department, Engineering School University of the Basque Country Alda. Urkijo s/n., Bilbao SPAIN javier.bilbao@ehu.es Abstract:- Project management and software project management in particular is about managing the implementation effort required towards the completion of a project in time, budget and quality. The management effort is based heavily on project tracking techniques and practices were the project implementation progress is closely monitored and analyzed. This paper presents a project tracking model based primarily on the project requirements and its implementation evolution through the project lifecycle. The tracking process is supported by a set of metrics which cumulatively collaborate, since day one of the project implementation, towards the interpretation of the real project progress via various measurements and results continuously. This live project tracking system is a metric binder analysis for software projects and initiatives, were more than 30 metrics are bind together, creating an accurate, practical and realistic picture of the project progress for the entire project or for any of its components, all the way down to its requirements. Key-Words: - Software Metrics, Project Management, Project Tracking, Software Quality Engineering 1 Introduction Managing a project and in particular software oriented projects has always been a challenge. [1],[2]. Software project management is primarily based on understanding the nature, scope and goals of the project in order to perform the proper allocation of resources needed towards its successful implementation management [3], [4]. A very important but trivial management principle is the definition of success. Success can be defined by the WSEAS TRANSACTIONS on BUSINESS and ECONOMICS Evangelos Markopoulos, Georgios Alexopoulos, Nikolitsa Bouzoukou, Javier Bilbao ISSN: 1109-9526 513 Issue 10, Volume 6, October 2009