With incredible amounts of new data being created every day, organizations are rushing to build the systems to interpret that data to provide insights into the business's operations.
The insights learned from the right analytics can include:
• Improving your company processes
• Provide more accurate estimates
• Identify your best customers
• Detect emerging market trends
• Learn which of your crews and team members are the highest-performers, and much more.
However, as more data is produced, it becomes increasingly difficult for businesses to accurately understand what that data is telling them.
Having a project dashboard in a high-visibility area, like a boardroom or main office, allows you to quickly comprehend the status of your projects, which projects or team members need attention, and where business processes can be improved.
A functional dashboard built on top of solid data analytics provides your team with real-time insights into project performance.
At its core, a project dashboard answers the questions, “How are we performing right now?”, “What are we missing?”, and “What can we do better?”.
Sales dashboards provide an overview of your KPIs and show you how successful your sales and estimating team is. Owners and managers use these metrics to track progress toward annual goals, make budget decisions and plans, plan their hiring strategy, award bonuses, and identify issues before they become big problems.
Knowing why you lose a project is vital to improving your estimating and sales process.
Losing a project isn’t always bad.
Losing a project without knowing why is paving the path to failure.
With the right analytics, you can turn your whole estimating department into A-level performers.
Knowing who excels at certain types of estimates and projects allows you to properly distribute work, set up the right mentee-mentor relationships, and maximize your odds of winning more projects.
Every successful business has strengths and weaknesses.
Knowing which project types have accurate bidding and estimating data, and which project types have insufficient or inaccurate data, is essential to ensuring that every estimate and proposal that gets sent to your clients is a profit-generator.
Nothing stings as much as inaccurately estimating a project and having it cost you money to build.
At Contractor Websites, construction project dashboards are our bread and butter.
We help contractors collect their data from multiple sources, input everything into a single dashboard, and build useful insights that boost your revenues and profits.
Now that you know what the purpose of a dashboard is, you can take it to the next step!
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