Data-Informed Decision Making in Projects (PMICV Webinar Series)

In the era of big data and the ever-increasing flow of information, the use of analytics is now widespread across industries, with data analytics mainly used to help enterprises make better decisions. Project Managers are required to make critical project decisions daily but often do not have sufficient information available to confidently make decisions. As a result, projects are increasingly falling short of delivering on their promises, requiring therefore more than ever a data-informed approach to decision-making in the area of project delivery and management. The rapid growth of data comes with various challenges though, which therefore needs consideration of various critical factors for a successful implementation of a data-informed decision-making process in organizations and projects.

To take advantage of the previously untapped capabilities of Data Analytics and Artificial Intelligence for the project management practice, project professionals and decision-makers need to become more data-aware and data literate, to enable more rational and sound decision-making in projects, based on both quantitative and qualitative information that is transformed into knowledge assets.

Key elements of the workshop:

– Introduction to Data-Informed Decision Making in Projects

– Understanding the Value of Data

– Challenges for Data-Informed Decision Making in Projects

– Skills & Techniques for Decision Making in Projects

– Implementing Data-Informed Decision Making in Project Management

Learning outcomes:

– Effectively articulate the required steps for a data-informed decision making process in projects

– Describe the relevant approaches, methods and techniques to identify, acquire and analyze relevant data points for decision making in projects

– Formulate and define a roadmap to transition to data-informed decision making in projects