The most successful project teams rely heavily on accurate and real-time data analytics. Many organizations are struggling to fully adopt data-driven practices.

One of the primary reasons for this is that multiple individuals create project data, such as vendors, engineering Automation groups contractors, operations and even contractors. These groups are working on projects around the globe and relying upon spreadsheets systems, systems, and documentation methods to exchange and share information. It can be challenging to ensure that the information that reaches key decision makers is accurate and dependable.

While 73% of project managers say that high-quality data is critical to success but only a quarter these teams would describe themselves as "data-driven." Without a centralized source of relevant information, real-time, key decisions are made based on experience and intuition, which secure file-sharing can be extremely problematic when it is about projects.

A good solution is to centralize the creation and management of project information within the PMO team. In this way, you can create an easily-filterable dashboard that displays the most relevant data to everyone on your team. This will let you quickly identify and address problems like inadequate pipeline capacity or the lack of available resources prior to affecting the project schedule. This will also help you avoid surprises based on wrong assumptions or expectations which are not met by the information you have.