Project profitability and efficiency: Good data can predict both

Project profitability and efficiency: Good data can predict both

Data is only valuable if it is accurate, organized, and compiled for quick consumption. Yet, 47% of project performance is still captured on paper or spreadsheets, making it virtually impossible to see the full view of a project in real-time or at any time. 

Often, companies have the ability to utilize data but do not because it is frequently incomplete or out-of-date. The problem typically stems from the business’s belief that the implementation of the data system itself was all that was needed to create a cohesive, data-driven organization. The truth is far more complicated. 

• What challenges do leaders face in creating and supporting a data-centric culture?
• How can companies organize and read data in a way that makes decision-making quicker, easier, and, ultimately, delivers projects on time and on budget?
• What measures can businesses take to build win-win scenarios within the ecosystem of partners on every project?