The most successful teams on projects rely heavily on accurate real-time data analytics. However, many companies struggle to be fully data-driven.
One of the primary reasons for this is that many different people generate project information including engineering, vendors, automation groups contractors, operations and even contractors. These groups are working on projects across the globe and relying upon spreadsheets or systems as well as documentation methods to exchange and share information. It can be difficult to ensure that the information reaches key decision makers is accurate and dependable.
While 73% of project professionals claim that high-quality data is crucial to achieving success, only a quarter of those same teams describe themselves as “data-driven.” Without an centralized source of pertinent information, real-time, important decisions are made on intuition and experience, which can be extremely problematic when it involves projects.
Centralizing the creation and management of project information within a PMO is a good option. This allows you to build an interactive dashboard that can be filtered and displays the most relevant information to everyone on your team. This will enable you to find and address problems like poor pipeline capacity or a shortage of resources prior to having an impact on the schedule of the project. This will help you avoid any surprises that may arise from bad assumptions or expectations not being met by your data.
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