Written by Stephan Kudyba and Agnel D’Cruz
Today’s organizations are under pressure to adapt their infrastructures and processes to a more digitally based, dynamic marketplace. To stay competitive, companies have increasingly adopted an agile project management framework — and access to timely and relevant information is more valuable than ever. As such, project managers increasingly rely on activity-based dashboards for reporting timely and user-friendly information to project stakeholders who want to understand how project activities affect interim performance objectives.
Dashboards have an obvious appeal. They provide timely and easy-to-understand numeric and visual reports of KPIs corresponding to project activities, offering stakeholders a high-level view of essential metrics that show them the state of project performance. Project managers can more easily see variances between actual and expected metrics that signal process breakdowns, allowing them to more quickly take necessary actions to maintain project progress. Dashboards’ underlying components (e.g., data sources, analytics, and functionality) have rapidly improved, too, as the digital era has produced additional descriptive data sources, enhanced real-time data feeds, and robust visualization, all of which make them useful to a wider and wider audience.
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