Average Project Duration
Time
The mean time taken to complete projects, calculated over a specified period. By understanding the average time projects take, consultancies can better manage client expectations, allocate resources, and identify areas of inefficiency.
Formula
Total duration of all projects / Number of projects in a given time frame
Example
If a consultancy completed 5 projects in January with durations of 10, 15, 20, 25, and 30 days, the Average Project Duration for January would be 20 days.