Successful PMOs understand the importance of two key factors in project and portfolio reporting: visibility and insight. Without both components, project managers and senior management will not know the health or status of projects, their risks, or their successes – paralyzing them when it comes to making critical and timely decisions that are necessary to keep the organization and its projects on track. The most effective way to gain this crucial visibility and insight, thereby influencing project outcomes, is through targeted dashboards.
Targeted dashboards empower communication and discovery.To report the information that decision makers need, dashboards need to be succinct, timely, and tailored to their audience. They should inform and guide key stakeholders by providing data that is not only quantitative but qualitative.
The PMO dashboard should: