What are Project Management Dashboard & its importance in Team Management?

Project management deals with tweaking of people, data, expectations, and resources. At any point of time, a project manager has to know about each section and team member. And when you’re handling a million-dollar project, impatient shareholders, developers, and tight deadlines, this is simple to perform. To keep everything on track, Project management dashboards offer all the help they can get. It is the best methodology to track and measure ongoing processes.

Learn how project dashboards boost project outcomes and how you can make them.

What is a Project Dashboard?
It is similar to the car dashboard and here a project dashboard offers at-a-glance data and metrics about the latest status of your project. With all the key performance metrics in one place, project managers simply measure the triple constraints of scope, budget, and time.

But unlike a car’s dashboard, project management dashboards are more flexible and vary significantly depending on the project, team, and tracking requirements. Being a project manager, it is important to track KPIs and how you want that data delivered. Some common data presentations comprise:

· Timelines
· Text-based lists
· Interactive visualizations
· Graphs and charts

There are significant advantages of keeping an updated Executive dashboard in your management toolbox.

What are the benefits of a Project Dashboard?
Project dashboards make project management an easier and efficient task because they offer continuous performance. When managers have access to the project’s progress, and projections, they experience numerous benefits, including:

· Greater convenience
· Improved efficiency
· Higher accuracy
· Advanced communication
· Persuasive evidence

Keep in mind that a project management dashboard isn’t just for the project manager. When all stakeholders have authority, each team member and decision maker can stay side by side of developments, needs, and progress on both a high and granular level. Everyone is on the same page, improving communication across teams and individuals.

In addition, with proper progress report, leaders and team members don’t have to waste time slogging through different data sets and mocking up new reports. By the time they’ve manually managed all the data and placed it into a cohesive report, the data is already outdated.

Rather, Enterprise dashboard development services ease this work by compiling the data in one place with instant updates. This means less time wasted on reporting and more time focused on finishing project tasks and driving the project forward.

In addition, displaying key information in one place helps managers offer more compelling presentations with influential visual evidence for everyone to access. Clear evidence makes it simpler to get stakeholder buy-in on important decisions. For example, if the data reveals that the project is over budget, the project manager can more easily influence decision-makers to approve a project.

Tracking Project Dashboard Metrics
The success of a project usually relies on the quality and accuracy of the metrics and KPIs you track. So what should be present on your dashboard? That depends. Here are a few key elements you can visualize on a project dashboard:

· Budget
· Task status
· Project progress
· Team workload
· Business intelligence (BI)
· Individual task status
· Hours (billable and unbilled)
· Project risks and changes
· Critical actions

Features of a Project Dashboard
There are several project management dashboards available to integrate. Whether you build your own or work on a dedicated one, you should look for these features in a dashboard:

· Intuitive navigation
· Scanning ability
· Customization
· Real-time updates
· Sharing ability

Wrapping Up
A well-designed dashboard offers on-demand access to all your important metrics. Access to data in different forms like chart and a dashboard gathers multiple data sources, like Excel, into a single interface. Investing in dashboarding solution is a perfect means to take your business to the next level.