How Data Analytics Can Transform Your Project Management Organization

It’s whether it’s monitoring the completion rates of work to ensure that projects are completing their tasks on time or planning capacity to meet quarterly or annual business goals The most successful teams of project managers rely on reliable real-time data analytics. Many organizations are struggling to implement data-driven practices.

This is because several people are involved in the creation of project information, including engineers, vendors, automation groups and contractors. Since these groups are involved in projects across the globe and rely on various documentation methods, spreadsheets and site here systems to share and exchange the information, it can be challenging to make sure that the information that is provided to key decision-makers is consistently available, consistent and accurate.

73% of project professionals believe that data of high quality is essential to their success. However only 25% of these same teams are “data-driven”. Without an essential source of data in real-time, crucial decisions are usually based on instinct and experience and can cause issues when it comes to managing projects.

An effective solution is to centralize the creation and management of project information within the PMO team. By doing this, you can create a dashboard that is filterable and displays the most relevant information to everyone on your team. This will help you quickly recognize and address issues such as inadequate pipeline capacity or a lack of available resources before they affect the schedule of your project. This will also help you avoid surprises based on wrong assumptions or expectations which are not met by the information you have.