Your team needs a way to track vendors across projects and instantly gain visibility into exposure. Similarly, the reporting solution you implement should allow you to look at all projects from a summary view to spot issues with project completion. By creating a centralized source of truth you reduce the need for one-off reports and your data becomes exponentially more malleable and transparent. Your team will automatically have access to many portfolio metrics that previously required manual work to track (project status, regional reporting, funding sources remaining, contingency left, etc.) or that you weren’t able to track at all (vendor exposure across your portfolio).
Aside from visibility, your team needs a configurable reporting solution. If team members can’t customize their views to see the data they need most, your team is losing hours of time building reports instead of analyzing them. Ensure each team member can gain quick access to the unique metrics they need without having to export or restructure data each and every time.
