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The most successful teams for projects depend heavily on accurate, real-time data analytics. But, many companies find themselves struggling to be fully data-driven.

One of the main reasons for this is that many different people create project information, including vendors, engineering, automation groups, contractors and operations. Since these teams work on projects across the globe and rely on a variety of methods of documentation, spreadsheets, and systems to share and exchange the information it can be a challenge to make sure that the information sent to key decision-makers is consistently accessible, consistent and accurate.

73% of project managers believe that high-quality data is essential to their success. However, only 25% of these teams are “data-driven”. Without a central source of real-time insights, key decisions are often made from experience and intuition and can cause problems when it comes time to manage projects.

A great option is to centralize the creation and management of project information within the PMO team. This lets you create an interactive dashboard that can be filtered and displays the most relevant information to everyone in your team. This will enable you to quickly identify and resolve issues like poor pipeline capacity or the lack of available resources prior to affecting the project’s timeline. This will help you avoid surprises based on bad assumptions or expectations that are not met by the data you have.