Most people have better memory retention when they see a graph, chart or table as opposed to plain words. Especially when it comes to complex data – there’s really no better way to express compound information than through graphs, charts and diagrams. That’s why you’ve got to love any type of dashboard reporting. Like any other software solution, project management software, especially in the construction industry is served best with a versatile dashboard reporting module or Portfolio Management.
A good project management software solution will have Portfolio Management that provides excellent visibility and overview into a company’s construction projects. It’s akin to having a clock that shows the different times in major cities around the world. With all your projects ordered and tabbed, one snapshot view should tell you the status of all your projects simultaneously.
There are numerous ways to enjoy the benefits of Portfolio Management but this tool is most effective when grouped and displayed in a user-friendly format with easy navigation and easy-to-read reports. The new Projectmates V10.0 Portfolio Management is versatile and has the capability to produce a variety of reports conveniently grouped under – Construction, Workflow, Financials, and Project Status. This type of dashboard reporting helps in managing the entire project portfolio as a whole, and not just as individual projects.
For individual project status monitoring, Earned Value Analysis is a handy tool – another great feature in the new Projectmates V10.0. Combining key factors such as planned time and cost and actual time and cost of a project, simple coefficients will tell you – at a glance – how your projects are faring in terms of time and schedule. Because sometimes, you got to look at the big picture!