If you don’t know what’s going on in your projects, that’s a big problem. We’ve heard from many executives and managers of companies who don’t know if their project is truly successful and profitable until after it’s complete. This is not the way to run a business.
We have launched Project Business Talk, a podcast about getting down to the essential business aspects of running projects.
Our first episode features Henrik Lerkenfeld, our VP of Engineering, who discusses project insight, what should you know, why you don’t know it, and how you can get it.
What do you need to know about your projects? Why don’t you know what’s going on? What project management metrics and dashboards should you be looking at? And how do you get the project KPIs you want to know?
These are all questions that you need to be asking yourself to run a stable and profitable company.
Many companies manage their project operations and project financials independent of one another. Doing so results in a disconnect between the two, leaving room for error, high risk and decisions made on bad data. Project KPIs need to cover both the financial and operational side of your projects. In addition, these insights need to be in real time and derived from a managed and controlled process.
Check out our video podcast where Henrik discusses how these project insights are only made possible by a completely integrated business system for projects.