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top5projectmanagement.com/articles/data-driven-project-management-the-4-most-important-data-points-to-look-at/
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top5projectmanagement.com/articles/data-driven-project-management-the-4-most-important-data-points-to-look-at/
This webpage discusses the importance of data-driven project management and highlights four key data points to focus on. The first data point is the on-time completion percentage, which is crucial for customer satisfaction and team morale. The second data point is budget variance, which compares actual project expenses to the budgeted amount. The number of errors is the third data point, highlighting the need to track and minimize mistakes during project execution. Lastly, the return on investment (ROI) is emphasized as a critical data point to determine project success. The article concludes by suggesting that organizations should choose project management software that meets their specific needs and emphasizes the importance of utilizing data for decision-making.
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This webpage provides an informative guide on data-driven project management, focusing on the 4 most critical data points to consider. These data points are on-time completion percentage, budget variance (cost variance), number of errors, and ROI (Return on Investment). The author argues that in today's data-driven business world, these data points are crucial for ensuring successful project management and decision-making. The on-time completion percentage helps assess the efficiency of project execution, while the budget variance provides insights into project cost estimation and financial performance. The number of errors is an indicator of the quality of work delivered, and the ROI measures the overall success of a project. The article suggests that tracking these metrics using project management software can aid in making strategic decisions and improving project outcomes.
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June 18, 2024, 4:17 p.m.