The most successful teams for projects rely heavily on accurate real-time data analytics. Many organizations are struggling to fully adopt data-driven practices.

One of the primary reasons is that many different people create project information, including the engineering, vendors, automation groups, contractors and operations. These groups are working on projects throughout the globe and relying upon spreadsheets or systems as well as documentation methods to exchange and share information. It can be difficult to ensure that the information shared with key decision makers is accurate, consistent, and accessible.

While 73% of project managers say that high-quality data is essential to their success however, only a quarter of the same teams are described as “data-driven.” Without a centralized source of relevant data, real-time information, many important decisions are made on intuition and experience which can be very problematic when it involves projects.

An effective solution is to centralize the creation and management of project information within a PMO team. This allows you to create an interactive dashboard that can be filtered and displays this hyperlink the most relevant information for all members of your team. This will enable you to spot and fix issues like inadequate pipeline capacity or a shortage of resources before they cause an impact on the schedule of the project. This will allow you to avoid any surprises that may result from incorrect assumptions or expectations not being fulfilled by your data.