Introduction of Monthly Project review dashboard
When it comes to overseeing multiple design projects, clarity is key—and this is exactly what the Monthly Project Review Dashboard by Parag Pal delivers. With data-rich visualizations, precise financial metrics, and at-a-glance progress tracking, this dashboard equips stakeholders with actionable insights for smarter decision-making. Let’s explore how this dashboard functions as a strategic command center.
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| Monthly Project review dashboard |
Overview: Four Projects, One Powerful Perspective
The dashboard focuses on four design initiatives:
- Project Hydra
- Project Phoenix
- Project Chimera
- Project Griffin
Each is tracked using a suite of metrics that cover scope, schedule, cost, performance, and risk. The dashboard simplifies complex project health into intuitive visualizations—making it effortless to assess where things stand.
Key Components and Metrics
1. Progress Tracker
This section shows the percentage of completion for each project, helping identify which initiatives are on track and which require intervention. For example:
- Hydra is racing ahead at 75% complete
- Griffin is just lifting off at 10%
2. Milestones and Forecasts
Each project lists its next major milestone—like a Final UAT Sign-off—helping teams stay aligned on immediate deliverables. Coupled with Revenue Forecasts and Budget at Completion (BAC), this section helps balance delivery expectations with financial outcomes.
3. Earned Value Management (EVM) Metrics
EVM provides a reality check on project health using:
- Planned Value (PV): Budgeted cost of work planned
- Earned Value (EV): Budgeted cost of work performed
- Actual Cost (AC): Real cost incurred to date
- SPI & CPI: Schedule and Cost Performance Indexes to measure timeline and budget efficiency
A quick glance at SPI and CPI reveals:
- Phoenix struggles with a SPI of 0.40, indicating serious schedule delays
- Chimera, though high-risk, is holding its own with solid CPI figures
4. Financial Health Bar Charts
Beautifully designed bar charts show:
- Revenue forecasts vs. actual costs
- Estimated margins per project
- EAC (Estimate at Completion) breakdowns
This makes it easy to spot financial red flags before they escalate.
5. Risk Heatmap & Mitigation
Projects are color-coded based on their Risk Levels—Low, Medium, or High—with each accompanied by a tailored Mitigation Plan:
- Chimera, marked high-risk, has a dedicated hypercare team and rollback protocols
- Hydra relies on weekly UAT team syncs and agile fixes to navigate uncertainties
Dashboard Benefits
This dashboard isn’t just a data dump—it’s a command center. Here's what makes it indispensable:
- Quick alignment: Synchronizes teams across functions and timelines
- Proactive management: Highlights risks early for timely interventions
- Financial foresight: Delivers transparency into margins, costs, and burn rates
- Visual storytelling: Engaging visuals replace dense spreadsheets with actionable clarity
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