Which tool is best for tracking key performance indicators in a project?

A project dashboard is designed specifically to visualize and track key performance indicators (KPIs) throughout a project’s lifecycle. It provides a real-time overview of the project's status by displaying metrics such as progress against schedule, budget performance, resource allocation, and quality measures. This allows project managers and stakeholders to easily monitor performance, identify trends, and make informed decisions based on the project's actual performance metrics.

In contrast, a stakeholder engagement plan focuses on how to communicate and engage with stakeholders rather than tracking performance metrics. A task board is primarily used to manage and visualize individual tasks within a project, emphasizing task completion rather than broader performance indicators. A defect log serves to track and manage issues or defects that arise during the project, but it does not provide a comprehensive view of overall project performance. Thus, when considering the tracking of key performance indicators, the project dashboard stands out as the most effective tool.