It’s whether it’s monitoring the rate of completion of work to ensure that projects are on time or planning capacity to meet quarterly or annual business goals The most successful project teams rely on precise, real-time data analytics. Yet, many organizations struggle to become fully data-driven.

One of the main reasons is that a wide range of people generate project information including vendors, engineering, automation groups contractors and operations. These groups are working on projects across the world and relying on spreadsheets, systems, and documentation methods to share and exchange information. It can be challenging to ensure that the information reaches key decision makers is accurate as well as consistent and easily accessible.

While 73% of project managers claim that high-quality data is essential to achieving success however, only a quarter of the same teams are described as „data-driven.“ Without a centralized source of relevant and real-time data, a lot of key decisions are made based on experience http://www.websecuredata24.com/search-for-a-seller-on-ebay/ and intuition, which can be extremely problematic when it involves projects.

A great option is to centralize the creation and management of project information within a 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 find and address problems like poor pipeline capacity or a lack of resources before they cause an impact on the timeline of the project. This will help you avoid any surprises that arise from bad assumptions or expectations not being fulfilled by your data.