Description

Data-Informed Decision Making in Projects: On-Demand

Project management professionals constantly need to make project decisions that could be decisive for the outcome of their projects 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, 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 consequently needs consideration of various critical factors for a successful implementation of a data-informed decision-making process in organizations and projects.

What You Will Learn

At the end of this program, you will be able to:

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

Articulate analytical questions to focus on the real problems

Identify potential shortfalls and gaps in project decision-making and apply actions to mitigate them

Introduction to Data-Informed Decision Making

The different types of decisions in projects

Data-informed decision-making framework

Shortcomings with traditional decision-making models

Understanding the value of data for project delivery

Issues in project management and how data can help solve them

The DIKW Pyramid (Data, information, knowledge, wisdom)

Types of data in projects

Applying Data Analytics

Understanding Data Analytics

Levels of Data Analytics

Data-Informed vs. Data-Driven

Challenges and How to Address Them

Project data availability and collection

Data quality

Behavioral blockers and bias

Skills and Techniques

Data literacy and data fluency

Communicating for informed decision-making

Monitoring and evaluating project decisions

Implementing Data-Informed Decision Making

Decision-making strategy and governance

Project data culture

Continuously improving decision quality

Future Outlook for Decision-Making in Projects

Data and AI

Digital Decisioning

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Data-Informed Decision Making in Projects: On-Demand

By IIL Europe Ltd

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