Project portfolio management involves many tools for tracking purposes. They help with the smooth operations of various projects within a company. A key thing that helps with tracking is the project dashboard.
If you want to learn more about project dashboards, you’ve come to the right place. In this post, we will be telling you all about it. So keep on reading to understand what it is.
A project dashboard is a page that offers a complete overview of different company projects. It allows the managers and seniors to have complete progress data in one place. For instance, it gives a preview of various projects and their completion time.
Besides that, the tool also offers various metrics to enhance the value of a project. A dashboard provides a look into key performance indicators (KPIs) that help with understanding project status.
The KPIs also highlight different issues that must be fixed before the final release. In simple words, stakeholders can get timely updates with project dashboards.
What Do Project Dashboards Contain?
Here are the top things that you can find in most project dashboards:
A good dashboard includes a roadmap for the company’s product. For example, it can have a list of features that must be in the final software. It also shows who has which task and steps that must be completed.
All project dashboards have a tracker that helps with updates. Typically, it shows what tasks team members are doing. Not only that, but it provides the finishing timeline too.
3. Financial Widget
This is a graph or chart that tracks the spending on a project. Typically, managers use them for comparison with the actual budget. The widget aims to help keep the project costs under the budget.
4. Workload Widget
This is a tool that many dashboards include and help with improving job satisfaction. That is because it provides metrics to ensure that no employee is overworking or underworking.
What Features Must A Dashboard Have?
A project dashboard must be easily accessible to all program managers of the company. For instance, it must be shareable so that all executives can know what is happening in a project.
Besides that, it must be customizable, as the same metrics and features do not define every project. Apart from that, the tool’s interface must be user-friendly for ease of use.
Lastly, a dashboard must be able to provide real-time data for improvement purposes. All these features must be present in the tool to help with easy management.
Reasons To Use Project Dashboards
Here are the top reasons for a company to use project dashboards:
The tool allows various executives to coordinate and focus on various targets of a project easily. A dashboard also helps with task assignments to ensure every employee is contributing to the project.
2. Data Visibility
The tool offers updates and insights that help project managers to make valuable decisions. It also helps them to use the data and make a list of action items.
This is your complete guide to project dashboards. This tool is invaluable and can help with smooth management. That is because it allows effective monitoring of tasks.