How Data Analytics Can Transform Your Project Management Organization

The most successful teams for projects depend heavily on accurate, real-time data click here for info analytics. But, many companies struggle to be fully data-driven.

One of the primary reasons is that many different people are responsible for creating project information such as vendors, engineering automation groups, contractors and operations. As these groups work on projects all over the world and rely on various methods of documentation, spreadsheets, and systems to share and exchange this information it can be difficult to ensure that the information that gets to the decision makers is accessible, consistent and accurate.

73% of project professionals believe that high-quality data will be essential to their success. However only 25% of these same teams consider themselves „data-driven“. Without an underlying source of real-time data, important decisions are often made based on instinct and experience, which can lead to issues when it comes to managing projects.

Centralizing the creation and management project information within the PMO is a viable solution. This way you can create a dashboard with filters that display the most relevant information to everyone on your team. This will allow you to find and address issues such as poor pipeline capacity or the absence of resources before they have an impact on the project schedule. This will help you avoid any surprises that could result from incorrect assumptions or expectations not being met by your data.