Before you even start using BI reports for your project excellence, you need to know what makes your business successful. After all, this is not just a list of numbers and charts that you can look at if you want to know what's working and what's not.
You also need to know what your KPIs are and how to make data-driven decisions based on this information. With these three things in mind, you should get started.
Business intelligence (BI) reports are a vital tool in project management. BI is a rapidly evolving industry, and if you want to succeed with BI, you must always be on the lookout for new technologies and trends.
GoSimplo provides easy preconfigured BI reports that allow you to gain crucial insights into your business.
Business intelligence can provide context to your company, allowing you to look at the whole picture and make informed decisions. You can access ready made comprehensive reports using standard integrations to the source systems you use for project tracking and financials. These can be accessed by multiple users in your company or by your customers.
The most common uses of B-reports for project excellence in small and medium sized businesses are forecasting and planning.
What makes your business unique?
In order to become unique in your business, you need to develop a competitive edge. There are a number of ways to create this edge, but the bottom line is that you need something that separates you from the competition. Once you have found it, you'll need to make it obvious to customers and clients.
Defining your business's uniqueness is not difficult. This can vary depending on the industry, application, or market segment you're in. Regardless of the industry you're in, uniqueness is an asset that you should leverage to grow your profits.
To be unique, it must be relevant, distinctive, and different from your competitors. For your business to be truly unique, you need to think outside the box.
What allows you to focus on being unique is that all the standard things like BI-reports do not take away your focus and time. This is why GoSimplo provides all the basics of project and time tracking paired with financial reporting out of the box.
Why you need to be tracking your KPIs
KPIs are useful tools to measure almost anything. If you've ever driven a car, you've likely noticed that when the speedometer needle dips below 50km/h, you tend to accelerate and slow down when you need to avoid an accident. If your KPI is similar, you won't lower your performance as much when it exceeds the desired standard.
In addition to measuring the current performance of your project, you should also consider the long-term success of the project. KPIs should reflect the progress made so far, as well as how much work remains to be done.
It is best to set targets that are challenging for your team to reach, but not so easy that they are not worth achieving. And while you're at it, don't forget to include tactics and activities to achieve your KPIs. GoSimplo allows you to do this in a simple and intuitive interface.
Making data-driven decisions
Using BI reports to make data-driven decisions in project management is a proven method of improving the efficiency of business processes. Self-service BI tools are great for this purpose. This means that users don't have to be data scientists to use the information provided.
Self-service BI tools are simple to use and allow users to turn massive data sets into actionable intelligence. Instead of having to develop complex queries, users can simply choose the data sets that they want to visualize and run the analysis.
By empowering teams to make data-driven decisions, organizations can improve their operational efficiency, streamline their operations, and uncover new opportunities and improvement areas.
To wrap things up
BI reports are a useful way to communicate with your stakeholders and show them your business performance. These reports are made easy by the BI dashboards that are preconfigured in GoSimplo.
In conclusion, GoSimplo is an excellent tool for project excellence. It provides crucial project insights in five minutes, and is easy to use. Try it out today to get started on your next project.