I think data analytics is a broad area. Could you elaborate further on what you are focusing on, so that we can better understand your question? Saving Changes...
Malhar VishwarupeAssociate Manager| Harsco India Services Pvt LtdHyderabad, Telangana, India
Analytics helps you make better decisions. This definitely helps in managing projects better.
If your question is related to Managing Data Analytics related project, you will need to connect data analytics professionals. Saving Changes...
saurabh mahajanPMP, ITIL, PRINCE2| vodafonePune, Maharashtra, India
I am looking to apply data analytics to manage project.
Like applying data analytics to better forecast cost, schedule, risk ,etc.
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1 reply by Malhar Vishwarupe
Apr 20, 2016 3:33 AM
Malhar Vishwarupe
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Are you planning to use data from previous projects, use analytics on it and use results for decision making in current project?
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Malhar VishwarupeAssociate Manager| Harsco India Services Pvt LtdHyderabad, Telangana, India
Apr 19, 2016 2:00 AM
Replying to saurabh mahajan
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I am looking to apply data analytics to manage project.
Like applying data analytics to better forecast cost, schedule, risk ,etc.
Are you planning to use data from previous projects, use analytics on it and use results for decision making in current project? Saving Changes...
I would argue that the concepts of Earned Value Management could be considered data analytics, and as you might know, these concepts can help manage projects better. For example: Budget at Completion (BAC); Estimate at completion (EAC) Saving Changes...
Al TaylorI.T. Contractor| IndependentWaterloo, Ontario, Canada
Please see www.itprojectstats.com Be advised it is my site but I believe it is relevant to this discussion. Saving Changes...
Data analytics is the science of gaining insights from data. This usually involve the use of statistical tool, operation research, simulation or artificial intelligence tools to turn data into a model. The data model will provide insights on some issues that the organization may or may not know. In other words, the data model provide insights on some business (in this case project management) issues. With these insights, a project organization can then make informed decision to improve its capability.
Yes, project metrics can provide useful input for project data analytics. To be useful, the PMIS needs to collect more data, e.g., the experience and personal attributes of project managers. Training and certification issues, etc. If relevant data is available, project data analytics can provided insight such as:
1) Are project managers with PMP certification more competent than those who has not
2) What are the factors that can be used to discriminate successful PM from the rest? Saving Changes...
Al TaylorI.T. Contractor| IndependentWaterloo, Ontario, Canada
@Heng......good discussion...re ur question #1...please see:
Suresh MKConsultant - Transformation| FreelancingBangalore, Karnataka, India
Data analytics can be used in many spheres such as resources scheduling, lessons learnt from various projects, trend analysis and one can even get into predictive analysts which could be handy in risk and issue management.
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1 reply by Al Taylor
Apr 25, 2016 6:21 AM
Al Taylor
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This tool will predict project outcome based on metrics from past projects.
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