The dashboard is a proactive and methodological tool to monitor your projects closely. It allows you to see instantly all key data, objectives, risks, resources and anticipate potential problems.
In the long run, it also serves as a reporting tool to understand management's areas of progress.
To use it and choose realistic, measurable and timely Key Performance Indicators (KPIs), ask yourself the right questions, for example:
- Will the project's completion or delivery deadlines be respected?
- Has the allocated budget been exceeded?
- Is the progress of the project satisfactory?
- Are resources being used as agreed?
KPIs such as duration gap, budget gap, are essential to the execution of a project. They help you to evaluate a situation at a given time and to make an appropriate decision.
A tool such as RationalPlan is essential to optimally manage dashboards and KPIs. Moreover, thanks to its collaborative functions the whole team will have access to the same database avoiding any information silos.