It’s whether it’s monitoring the completion rates of work to ensure that projects are completing their tasks on time, or planning resource capacity in order to achieve quarterly and annual business goals The most effective team members rely on accurate, real-time data analytics. Many organizations are struggling to fully adopt data-driven methods.
This is because many people are involved in creating project information, including engineers, vendors automation groups, contractors and engineers. Since these groups are involved in projects all over the world and rely on various documentation methods, spreadsheets and systems to exchange and share the information it can be difficult to make sure that the information that gets to key decision-makers is consistently available, consistent and accurate.
While 73% of project managers say that high-quality data is essential to achieving success However, only a quarter those same teams describe themselves as «data-driven.» Without a centralized source of relevant information, real-time, key decisions are made based on intuition and experience which can be very problematic when it is about projects.
An effective solution is to centralize the creation and management of project information within the PMO team. In this way, you can create a dashboard that is filterable and displays the most relevant information to everyone in your team. This will help you quickly identify and address issues such as poor pipeline capacity or lack of available resources prior to them impacting the schedule of your project. This will help you avoid any surprises based on bad assumptions or expectations that do not match the data you have.
