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The most successful teams on projects rely heavily on accurate real-time data analytics. However, many organizations still find themselves struggling to be fully data-driven.
This is due to the fact that several individuals are involved in the production of project information which includes engineers, vendors Automation groups, contractors and even engineers. Since these groups are involved in projects across the globe and rely on various documents, spreadsheets, and systems to share and exchange the information it can be difficult to ensure that the information that gets to key decision-makers is consistently reliable, consistent and up-to-date.
73% of project professionals believe that high-quality data will be critical to their success. However, only 25% of these same teams are “data-driven”. Without a central source of real-time data, important decisions are usually based on instinct and experience and can cause problems when it comes time managing projects.
A great solution is to centralize the creation and management of project information within a PMO team. This way you can build a filterable dashboard that surfaces the most relevant information to everyone in your team. This will help you quickly identify and resolve issues such as poor pipeline capacity or insufficient available resources before they affect the project’s timeline. This will also help avoid surprises based on false assumptions or expectations that are not met by the data you have.
