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COVER STORY
COVER STORY
Bohitesh Misra
Project Management and Data Analytics –
A Inseparable Partners
s we enter the 75th year of independence, we be supported by data mining and machine learning techniques realise how important it is for us to make our based on selecting and analysing project data to make better nation a developed country from a developing decisions and resolve some typical project problems.
one within coming two decades. This means we Data plays a significant role in any organization. Using would need to manage numerous projects of analytics, managers and executives can watch for early signs various sizes at the same time. So, irrespective of slippage in budgets, costs, and timelines and take corrective
of the magnitude of the project, data associated with it comes action. Analytics also helps managers capture the rate of work
to the fore. We would need tools to handle the projects smartly and manage it efficiently. This is where Data Analytics surfaces as the most effective solution, making it an inseparable partner of effective project management.
Managing projects means making decisions. This process can
to easily predict whether the project will be completed on time. For instance, they can use a burn-down chart, which is a graphical representation of work left to do overtime.
Deep and insightful analytics helps in improving resource utilization and better forecast on revenue and
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