What is an executive dashboard?
A Executive Dashboard is a visual representation of the real-time progress of your team's work. It illustrates projects, costs, time, resource utilization, and general operational statistics at the enterprise level. This can provide managers with a quick and easy way to assess their company's performance.
The Executive Dashboard brings all project information together in one place, so you don't have to switch between projects. It can also provide data according to your requirements, so the information is in a more meaningful format.
Importance of the Executive Dashboard in Project Management
Below are 5 key benefits of Leadership & Exec. Dashboards.
1. more transparency in your business
A Executive Dashboard provides you with an excellent overview and transparency. You know exactly what is going on in all areas of your business. It allows you to manage it better and act preventively, saving you valuable time and money.
2. notice and bring about continuous improvements
US economist Peter Drucker had rightly said, "If you can't measure it, you can't improve it." Executive dashboards enable you to measure and thus improve performance across your entire organization.
3. significant time saving
Many executives spend countless hours logging into business systems and running reports. Conversely, the right Executive Dashboard always the latest results from any report you need. This saves valuable hours every month.
4. measure real results versus planned results.
Many executives spend time creating a business plan for their organization to follow. But that's only the first piece of the puzzle. The second is making sure your organization follows your plan. Implementation and execution is key. Your Executive Dashboard could do just that. That is, in your Dashboard you can automatically view your goals from your business plan against your actual results in real time.
5. motivate your employees indirectly
When employees know that their performance in a Dashboard is monitored and can see their results, they tend to remain aware of their productivity, effectiveness and quality of work. When used well, it acts as a motivator.
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