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What KPIs can business intelligence tools track to improve your project management?

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Business intelligence (BI) tools can help you manage your projects more effectively by providing insights into key performance indicators (KPIs) that measure your progress, performance, and outcomes. KPIs are quantifiable metrics that align with your project goals and objectives, and can help you monitor, evaluate, and improve your project management processes. In this article, we will discuss what KPIs can BI tools track to improve your project management, and how to use them to optimize your results.

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Tai Chen Wei

Analyst | Microsoft Power BI Data Analyst ? Google Project Management ? SQL ? Alteryx Designer Core ? LSSGB |…

1 Project Scope

One of the most important KPIs to track is the project scope, which defines the boundaries, deliverables, and requirements of your project. BI tools can help you track the project scope by showing you how well you are meeting the expectations and needs of your stakeholders, how much work you have completed and how much is left, and how your project is aligned with your strategic vision and mission. BI tools can also help you identify and manage scope changes, risks, and issues that may affect your project scope, and communicate them effectively to your team and clients.

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Tai Chen Wei

Analyst | Microsoft Power BI Data Analyst ? Google Project Management ? SQL ? Alteryx Designer Core ? LSSGB | Registered Pharmacist
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Keeping an eye on the project scope is crucial, and it's a KPI worth tracking. The project scope outlines what your project involves, its goals, and the things it needs to achieve. BI tools can assist in monitoring the project scope by indicating how well you're meeting stakeholder expectations, the progress of your work, what's left to do, and how well your project aligns with your overall strategic vision. Additionally, BI tools help in spotting and handling changes to the project scope, as well as addressing risks and issues that could impact it. This information can be communicated effectively to your team and client.

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2 Project Schedule

Another essential KPI to track is the project schedule, which outlines the timeline, milestones, and deadlines of your project. BI tools can help you track the project schedule by showing you how well you are following your planned activities, tasks, and phases, how efficiently you are using your time and resources, and how your project is affected by external factors and dependencies. BI tools can also help you adjust and optimize your project schedule by providing you with forecasts, scenarios, and alerts that can help you avoid delays, conflicts, and bottlenecks.

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3 Project Budget

A third crucial KPI to track is the project budget, which estimates the costs and revenues of your project. BI tools can help you track the project budget by showing you how well you are managing your expenses, income, and cash flow, how accurately you are estimating and allocating your resources, and how your project is contributing to your profitability and return on investment. BI tools can also help you control and improve your project budget by providing you with variance analysis, cost-benefit analysis, and recommendations that can help you reduce costs, increase revenues, and optimize your value.

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Tai Chen Wei

Analyst | Microsoft Power BI Data Analyst ? Google Project Management ? SQL ? Alteryx Designer Core ? LSSGB | Registered Pharmacist
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Monitoring the project budget is essential, and BI tools can assist by revealing how effectively you handle expenses, income, and cash flow. These tools also assess the accuracy of your resource estimates, show how your project impacts profitability, and offer insights on return on investment. By using variance analysis and cost-benefit analysis, BI tools provide recommendations to help control costs, boost revenues, and enhance overall project value.

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4 Project Quality

A fourth key KPI to track is the project quality, which measures the standards and specifications of your project deliverables and outcomes. BI tools can help you track the project quality by showing you how well you are meeting the requirements and expectations of your customers, users, and stakeholders, how effectively you are implementing and testing your solutions, and how your project is impacting your customer satisfaction and loyalty. BI tools can also help you enhance and maintain your project quality by providing you with quality assurance, quality control, and quality improvement tools and techniques that can help you prevent, detect, and correct errors, defects, and failures.

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5 Project Team

A fifth vital KPI to track is the project team, which represents the human resources and skills of your project. BI tools can help you track the project team by showing you how well you are recruiting, training, and retaining your team members, how productively and collaboratively they are working together, and how your project is affecting their motivation, engagement, and performance. BI tools can also help you develop and support your project team by providing you with feedback, recognition, and rewards systems, as well as learning and development opportunities that can help you enhance their competencies, capabilities, and morale.

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6 Project Stakeholders

A sixth important KPI to track is the project stakeholders, which include the people and organizations that have an interest or influence on your project. BI tools can help you track the project stakeholders by showing you how well you are identifying, analyzing, and prioritizing them, how effectively you are communicating and managing their expectations and needs, and how your project is creating value and benefits for them. BI tools can also help you engage and satisfy your project stakeholders by providing you with stakeholder mapping, analysis, and management tools and techniques that can help you build trust, rapport, and relationships with them.

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7 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?

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What KPIs can business intelligence tools track to improve your project management?

1

2

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5

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1 Project Scope

2 Project Schedule

3 Project Budget

4 Project Quality

5 Project Team

6 Project Stakeholders

7 Here’s what else to consider

Business Intelligence

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What KPIs can business intelligence tools track to improve your project management?

1

2

3

4

5

6

7

1 Project Scope

2 Project Schedule

3 Project Budget

4 Project Quality

5 Project Team

6 Project Stakeholders

7 Here’s what else to consider

Business Intelligence

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感谢您的反馈

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