The most successful project teams rely heavily on accurate and real-time data analytics. Many organizations are struggling to fully adopt data-driven practices.
One of the primary reasons for this is the fact that a variety of people generate project information including vendors, engineering Automation groups contractors, operations and even contractors. These groups are working on projects around the globe and relying upon spreadsheets systems, systems, and documentation methods to share and exchange information. It can be challenging to ensure that the information shared with the key decision makers is correct and consistent. It is also difficult to access.
While 73% of project professionals say that high-quality data is essential to achieving success but only a quarter those same teams describe themselves as «data-driven.» Without an uncentralized source of relevant and real-time data, a lot of crucial decisions are based on experience and intuition, which can be very problematic when it involves projects.
An effective solution is to centralize the influence of data room service creation and management of project information within the PMO team. In this way you can create a filterable dashboard that surfaces the most relevant information to everyone on your team. This will help you find and address issues such as inadequate pipeline capacity or a shortage of resources before they have an impact on the project’s schedule. This will also help avoid any surprises based on incorrect assumptions or expectations that do not match the data you have.