登录查看更多内容

What are the benefits and challenges of using dashboards for portfolio communication?

由人工智能和领英社区提供技术支持

Dashboards are visual tools that display key information and metrics about a portfolio of projects in a concise and easy-to-understand way. They can help portfolio managers and stakeholders communicate the status, progress, and performance of the portfolio, as well as identify and address issues and risks. However, dashboards also come with some challenges, such as choosing the right data, design, and frequency of updates, as well as ensuring accuracy, consistency, and alignment with the portfolio objectives and strategy. In this article, we will explore some of the benefits and challenges of using dashboards for portfolio communication, and provide some tips on how to create and use them effectively.

此文章中的业界达人

由社区从 3 条内容中精选。了解更多

Saleem Usmani PMP, CSPO, CISA

Executive Program and Product Management Consultant| Digital Transformation Banking | Data | AI | Generative AI | LLM |…
Giovanni Sisinna

??Portfolio-Program-Project Management, Technological Innovation, Management Consulting, Generative AI, Artificial…

1 Benefits of dashboards

Dashboards can offer several benefits for portfolio communication, such as enhancing visibility and transparency of the portfolio performance, health, and value. Additionally, they enable faster and more informed decision making by providing relevant, timely, and actionable information. Moreover, dashboards can improve collaboration and engagement among portfolio stakeholders by creating a platform for discussion and alignment. Furthermore, they reduce complexity and information overload by simplifying and summarizing large amounts of data into a few key indicators. Finally, dashboards increase accountability and trust by demonstrating the value and impact of the portfolio on the organization's strategy and objectives.

添加您的观点

Saleem Usmani PMP, CSPO, CISA

Executive Program and Product Management Consultant| Digital Transformation Banking | Data | AI | Generative AI | LLM | GRC | Payments | Wealth | Capital Markets | PMP | CISA | CSPO |
举报内容
Portfolio's main sponsors are executives in any organization. Their requirements of succinct updates while understanding the areas of focus and concerns is one of the base conditions to create dashboards. This effectively reduces redundant Portfolio reporting while increasing the transparency, a win-win from both practitioners and executives perspective.

已翻译

赞
Giovanni Sisinna

??Portfolio-Program-Project Management, Technological Innovation, Management Consulting, Generative AI, Artificial Intelligence??AI Advisor | Director Program Management @ISA | Partner @YOURgroup
举报内容
?? In my experience, the utilization of dashboards is intricate, yet worthwhile. ?? Data Integration Combining data from various sources can be complex. Dashboards harmonize disparate data, ensuring consistency. ?? Customizability One-size-fits-all rarely works. Dashboards should be flexible to accommodate specific portfolio nuances and stakeholder preferences. ?? Data Security With sensitive data displayed, ensuring robust security protocols is paramount to protect against unauthorized access or breaches. ?? While dashboards are pivotal for communication, their implementation requires strategic forethought and ongoing management.

已翻译

赞

2 Challenges of dashboards

Dashboards can also pose some challenges for portfolio communication. It is important to select the right data and metrics that can reflect the portfolio performance, health, and value in a meaningful and consistent way, while also aligning them with the portfolio objectives, strategy, and stakeholder expectations. Additionally, dashboards should be designed to convey the information clearly, accurately, and effectively without causing confusion or misinterpretation. Furthermore, it is essential to update and maintain the dashboards regularly and reliably to ensure that the data is accurate and current. It is also important to balance the frequency and granularity of the dashboard updates depending on the volatility and complexity of the portfolio environment, as well as the needs and preferences of the portfolio stakeholders. Lastly, it is necessary to integrate the dashboards with portfolio management processes and tools to ensure that they are aligned and compatible.

添加您的观点

3 Tips for effective dashboards

To maximize the benefits and overcome the challenges of using dashboards for portfolio communication, it is important to define the purpose and scope of the dashboards, identify key questions, objectives, and outcomes, as well as target audience, frequency, and format. Additionally, choose data and metrics that are relevant, meaningful, and measurable for the portfolio performance. Design the dashboards in a way that is clear and accurate by using simple language, labels, symbols, and appropriate visualizations. Update and maintain the dashboards regularly by collecting data from various sources and ensuring data quality. Lastly, review and refine the dashboards periodically by soliciting feedback from stakeholders and monitoring the effectiveness of the dashboards on communication and decision making.

添加您的观点

4 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

添加您的观点

Rachelle Reilly

Retired - CRA Director General
举报内容
Dashboards should be considered a means to an end where the end is communication. They should be used to promote dialogue among project stakeholders about the health of projects rather being considered the message about the project.

已翻译

赞

Project Portfolio Management

+ 关注

给文章评分

我们借助人工智能创建了此文章。您认为这篇文章怎么样？

很棒不太好

举报此文章

查看全部

What are the benefits and challenges of using dashboards for portfolio communication?

1

2

3

4

1 Benefits of dashboards

2 Challenges of dashboards

3 Tips for effective dashboards

4 Here’s what else to consider

Project Portfolio Management

给文章评分

感谢您的反馈

更多Project Portfolio Management相关文章

更多相关阅读内容