Before you can propose a strategy for your project, you must have the proper tools to collect the data you need. A Project Portfolio Dashboard is a very helpful tool in meeting the requirements of your ongoing business.
The dashboard contains a few spreadsheets. One of the most important and useful features of the dashboard is, it shows data in graphical and chart form.
This allows you to handle and control multiple projects at a time. So, it basically adds up all the key indicators of all the individual projects in one singular place.
The dashboard structure can differ according to its needs. This tool will also allow you to monitor data in diagram form and will eventually help you in better communication with your business team. This will ensure and help to create trust in your team.
Project Dashboards benefit by picturing critical achievement elements and work breakdown to minimize your efforts efficiently. Project Dashboard Template can also be used to report the status of a certain level of management. This shows a quick overview and is helpful for business chiefs and owners to have a quick glance at the progress.
In this article, we will see what Project Portfolio Dashboard is and how is it important in project management. We will also see what different kinds of projects dashboard are available.
Why Should I Use Project Portfolio Dashboard Template
As we have discussed above a dashboard can help you tremendously in managing your project. It also allows you to collect, add up, and coordinate vital design data in one place.
It is an efficient way of transmitting data about a project without complicating the details to the related stakeholders.
What’s Included In a Project Dashboard
Project portfolio dashboard template is a combination of the explanation of data in table or diagram form. It also offers significant information involving projects that how they should be handled by summarizing procedures and techniques that require to be pursued.
- The excel project dashboard gives a quick review of critical parameters and their statuses using graphs. This can help in saving time and facilitating in having a bird view of all the development in the project.
- The project dashboard comes with the option of status indicator which will help you to be able to set overall project position and plan on the dashboard.
- Also displayed task details which will help in making quick decisions about the project. This data will assist the management in identifying how many responsibilities and tasks are pending.
- The dashboard also follows the budget on a monthly basis which makes it simple and easy to access if the financial plan is yet on track or not.
Elements of Project Portfolio Dashboard
The most important and essential thing to run a project properly is to see whether or not the project is running smoothly on track.
It also serves as an indicator showing if there is any problem along the way or not. If you can catch the issue beforehand you can easily manage to resolve it before making any damage.
It should also provide development assistance, which is a standard guideline to how we must establish each project’s managing tools.
Portfolio Dashboard will help you to see the following things
- The overall picture of all projects on track
- Scope of project requirements or opportunities
- Project Progress showing if you are ahead or behind
- Project income, cost, and revenue
- Consumption of resources
- Project risk analysis
Project Portfolio Management Templates
The making project portfolio is an excellent choice for project management. Because this can help in managing data effectively and can be merged in excel clearly.
It is a user-friendly and straightforward tool. In case you want to add more information or alter the format you can do it easily in excel. Therefore, eventually, it results in saving time and effort.
The templates which are included in the Project Portfolio Dashboard category are as follows:
- Gantt Chart Templates for Project Planning
- Tracking Templates
- KPI Dashboard Template
- Project Portfolio Dashboards
- Interactive Project Timeline Chart
- Project Management Charts
- Project Dashboards
KPI Dashboard Template
This Dashboard will trace key data points by using a KPI dashboard to boost business accomplishment. This tool will help you save time. You do not need to serve hours on multiple reports.
The KPI dashboard template permits you to see numerous KPIs in both tabular and graphical formats. This will also compare the performance of different tasks in one go. This is easy to use and user-friendly tool.
Product Metrics Dashboard Template
Key metrics provide product information not only to product managers but also to stakeholders and others within an organization. This data could include metrics related to monetary performance, customer interaction with a product, or other business goals.
Once you have identified the key metrics and KPIs for your products, you can track them using a product metrics dashboard. This free template offers a simple interface for tracking and visualizing information.
Gantt Chart Excel Template
The project managers always look for a tool that will help them organize their data effectively. They often use Excel for project management in organizing and coordinating their project information for appropriate analysis.
However, basically Excel itself is not a project management tool on its own but it can be merged and linked with other tools like the Gantt chart. This will aid to enhance the presentation and productivity of the project management group.
It can show the mutual connection between the activities of a project and can be applied to see the importance of a project.
Project Charter Template
A project charter template is essential and another one of the most helpful tools in project management. This tool will direct you to the successful completion of your project.
This will allow you to monitor the scope and goals of the project along the way. By using this tool, you surely will achieve the main objective of your team.
Furthermore, this will ensure that your project is on track as planned. You can also manage and keep a bird’s eye on the deadlines of different tasks in your project.
Another important feature of a project charter is that it helps in quickly and briefly review your major portfolio data. As a result, you can keep continual track of the progress of work.