Best Project KPI Dashboard Software

KPI Dashboard

KPI stands for key performance index. It allows businesses to track performance of employee, project, product, service level, etc. KPI dashboard gives users to quick view of the health of business and allows managers to make better decisions based on the KPIs defined and the presented data-set and not based on gut-feelings.

Example of businesses KPIs

Example of businesses KPIs can be in terms of sales, financial, productivity, marketing, project management as follows

1. Sales growth quarter-on-quarter basis
2. Average lead conversion rate
3. Monthly recurring revenue (MRR)
4. Acquisition cost per customer
5. Monthly account receivable
6. Net profit margin
7. Monthly margins on products sold
8. Project tasks running in red (lagging behind schedule)
9. Number of milestones pending, missed
10. Employee billability per month
11. Employee productivity per month

When you see, these numbers or charts visualising these numbers, you get a better sense of how/where “things” are going (interpretation can be as simple as – are we growing or sinking). Once you know the trend, numbers based on facts, yo are in a position to take corrective actions. You will not be able to apply any meaningful and useful strategy unless you know what’s really going on. This is exactly why KPI dashboard are so much popular among executive management and decision makers in all businesses.

Microsoft Excel for KPI dashboard, really?

Earlier businesses used to heavily rely on Microsoft Excel to gather data and crunch data from one sheet to another. It has limitation in terms of visualising data on large scale as well as capturing information on a real-time basis. You end up spending more time in playing with Excel than actually making sense of the results or dashboard. So there is life beyond Microsoft Excel and you better get it ASAP.

Project Management KPI Dashboard

Like in any business, executive management and project management professionals need to know how projects are doing, whether things are on right track or not, how bad is that, can it be corrected, where it needs to be corrected – by more budget, more resources, asking for more timeline, accepting risk, etc? We are talking about project management KPIs.

The answer to these questions can be easily derived if you have all relevant information gathered and presented in one place. The holistic view of how projects are performing is in your project KPI dashboard or it can be portfolio KPIs dashboard. There are tools which can provide you out of the box KPI dashboard, whereas some other tools will allow you to export the data which can be visualised using third party tools. Likewise, there are third-party tools which enable you to visualise your project KPI dashboard if you have dataset ready with you.

Benefits of project KPI dashboard software

• Get a high level status of projects, portfolios
• It is visual hence pretty easy to understand
• Get early warning indicator
• It helps you reduce risk, avoid bad surprises if you act fast
• Get better control over project financials for greater benefits
• Make informed decision with good governance
• Enable transparency in stakeholder communication

You will not find the “one” best project KPI dashboard software in this universe. The KPI dashboard tool that works well for your

• project managers to define and visualise project KPIs
• Portfolio managers to get clear visibility into portfolio status to make right decisions
• Project team members, to know what needs to be done and easily use system to update progress or collaborate
• Clients to get right visibility into project progress and work with project team

is your best tool.

We have compiled a list of tools which give you out of the box KPI dashboard or you can integrate/import/export data to visualise those in third part tools. Let’s look at the list of project KPI dashboard software.