What is the best way to evaluate the performance of a blockchain project team?

1 Vision and alignment

A blockchain project team should have a clear and shared vision of what they are trying to achieve, why, and how. This vision should align with the needs and expectations of the users, clients, partners, and investors of the project. A good way to evaluate the vision and alignment of a blockchain project team is to review their project charter, roadmap, value proposition, and stakeholder analysis. These documents should provide a coherent and consistent narrative of the project's purpose, scope, objectives, benefits, risks, and milestones.

2 Communication and collaboration

A blockchain project team should communicate and collaborate effectively, both internally and externally. This means that they should have regular and transparent updates, feedback, and reviews, as well as use appropriate tools and platforms to facilitate communication and collaboration. A good way to evaluate the communication and collaboration of a blockchain project team is to observe their meetings, reports, presentations, and online interactions. These should demonstrate that the team is informed, engaged, responsive, and respectful of each other and other parties.

4 Innovation and problem-solving

A blockchain project team should have a culture of innovation and problem-solving, as well as a mindset of experimentation and iteration. This means that they should embrace new ideas, opportunities, and technologies, as well as identify and resolve issues and obstacles. A good way to evaluate the innovation and problem-solving of a blockchain project team is to examine their processes, methods, and tools. These should indicate that the team has used various techniques and frameworks to generate, test, and validate solutions, as well as to learn from failures and successes.

5 Quality and impact

A blockchain project team should deliver quality and impact, both in terms of the product or service they are developing, and the value they are creating for the users, clients, partners, and investors. This means that they should adhere to high standards of quality assurance, security, usability, and scalability, as well as measure and demonstrate the impact of their project on the relevant indicators and metrics. A good way to evaluate the quality and impact of a blockchain project team is to compare their results, achievements, and feedback with their initial goals, expectations, and assumptions. These should reveal that the team has met or exceeded their targets, satisfied or delighted their stakeholders, and created positive and sustainable change.

6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?