17 Aug. 24
How Data Analytics Can Transform Your Project Management Organization
The most successful teams on projects rely heavily upon accurate real-time data analytics. Many organizations are still struggling to implement data-driven practices.
This is due to the fact that many people are involved in generating project information such as engineers, vendors automation groups, contractors and engineers. Since these groups are involved in projects across the globe and rely on different documentation methods, spreadsheets and systems for websecuredata24.com/virtualshield-vpn-review sharing and exchanging the information, it can be challenging to make sure that the information sent to key decision-makers is consistently easily accessible, accurate and consistent.
73% of project professionals believe that high-quality data will be critical to their success. However only 25% of these teams believe that they are “data-driven”. Without an essential source of data in real-time, crucial decisions are often made by relying on intuition and experience which can create issues when it comes to managing projects.
A great solution is to centralize the creation and management of project information within the PMO team. This allows you to build an interactive dashboard that can be filtered and displays the most relevant information to everyone in your team. This will enable you to quickly identify and resolve issues such as inadequate pipeline capacity or lack of available resources prior to affecting the schedule of your project. This will allow you to avoid any surprises that could result from poor assumptions or expectations not being met by your data.