Online Grant Funding Guide
[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?
Please describe what you will measure to track your project's progress, and how will you measure these? This question is your chance to show that the Cardano community will be able to audit your project. You should demonstrate this by showing that you plan to collect and share useful data about what you are doing.
List at least 2 metrics that you will measure about your progress; and say how you will measure them. It is also useful to explain how you will share this data so that the community will be able to access it. Ensure that you have chosen relevant metrics, that relate to what you have said in your plan that you want to achieve. If it’s not obvious how your metrics demonstrate that you are doing what you said you will do, you might need to explain.
For example, with a proposal to run a training course of 5 weekly sessions, with the goal of participants completing all 5 sessions: "We will measure numbers of people attending each week. We will measure it by taking a register of who is present at each session; and by noting how many previous sessions each person has attended. This will show whether participants are returning each week to complete the course."
For example: "We will measure level of interest in our videos. We will measure it by YouTube views, dwell time, number of comments, and number of subscribers; and by comparing these metrics each month. This will show that people are watching and enjoying our video content, and will indicate whether interest is growing, declining, or staying the same."
The metrics you measure do not necessarily have to be KPIs (Key Performance Indicators), which are numerical performance indicators - you can also measure qualitative things, such as the opinions of your users.
The things you measure should have some relation to what you have said in your plan that you want to achieve; they should also relate to the aims of the Challenge brief that you are submitting in.