Session 2.3
Better Project Outcomes through Data insights
Synopsis:
Project teams manage large amounts of data, but we seem to spend all our time cutting/pasting stuff in spreadsheets. In this case study class, you will learn how project data is aggregated up for program insights and to provide prediction capabilities, giving Project Program and Portfolio managers time to add the real value to clients.
Learning Objectives:
1. Learn how Mastt’s automatic data aggregation and analytics provides context to portfolio decision making.
2. Explore Mastt’s capability of data insights in prediction of outcomes at multiple levels (project, program and portfolio).
3. Learn how Mastt’s real time visualisation of data adds value to clients while saving hours of work for Program team.
4. Learn how to prevent mis entering of data with Mastt’s automated controls.
Body:
Don’t you hate being late for after work socials because someone needs ‘that report’ or ‘that bit of information’?
Today project teams manage large amounts of data, but we seem to spend all our time cutting and pasting stuff in spreadsheets about what we have done. Those reports that we waited for months after we needed them are not cheap with all the hours we put in and salary costs. How do we make it value for money?
There are solutions in the market being developed to improve efficiency and capability. As data is aggregated up for program insights and to provide prediction capabilities, Project, Program and Portfolio managers then have time to do the smart stuff to add client value.
But wait… there are more! Data insights even allows us to predict outcomes based upon project history and common benchmarks, producing information that satisfies the multiple stakeholders
We use the Case Study of a continuous project we have been doing with Jacobs Engineering to demonstrate the above. Jacobs needed a competitive advantage so teamed up with Mastt in December 2019. The value proposition was Jacobs’ ability to synthesise large amounts of data into useful information for themselves and their client, Department of Defence.
First thing they needed was the data aggregation of $2Bn and 5 years of program information with the ability to import and extract information from different systems. Next thing to achieve was how to recognise the small but significant problem at the program and portfolio level such as safety and contingency management.
To move an entire team from using spreadsheets into a digital program and portfolio controls system, it’s a must to change the business and program management mindset from top down. Mastt has not only a product but also a customer success team that helps Jacobs to succeed with our clients.
Mastt has saved 57% time previously used to produce monthly reports, 50% time on program budget and Cost/Capex Management. Mast has laid the platform for a new business model inside Jacobs that makes PM more profitable and allows Jacobs to keep their competitive advantage.
Listen to what Jacobs says about their journey with Mastt in our class.
Synopsis:
Project teams manage large amounts of data, but we seem to spend all our time cutting/pasting stuff in spreadsheets. In this case study class, you will learn how project data is aggregated up for program insights and to provide prediction capabilities, giving Project Program and Portfolio managers time to add the real value to clients.
Learning Objectives:
1. Learn how Mastt’s automatic data aggregation and analytics provides context to portfolio decision making.
2. Explore Mastt’s capability of data insights in prediction of outcomes at multiple levels (project, program and portfolio).
3. Learn how Mastt’s real time visualisation of data adds value to clients while saving hours of work for Program team.
4. Learn how to prevent mis entering of data with Mastt’s automated controls.
Body:
Don’t you hate being late for after work socials because someone needs ‘that report’ or ‘that bit of information’?
Today project teams manage large amounts of data, but we seem to spend all our time cutting and pasting stuff in spreadsheets about what we have done. Those reports that we waited for months after we needed them are not cheap with all the hours we put in and salary costs. How do we make it value for money?
There are solutions in the market being developed to improve efficiency and capability. As data is aggregated up for program insights and to provide prediction capabilities, Project, Program and Portfolio managers then have time to do the smart stuff to add client value.
But wait… there are more! Data insights even allows us to predict outcomes based upon project history and common benchmarks, producing information that satisfies the multiple stakeholders
We use the Case Study of a continuous project we have been doing with Jacobs Engineering to demonstrate the above. Jacobs needed a competitive advantage so teamed up with Mastt in December 2019. The value proposition was Jacobs’ ability to synthesise large amounts of data into useful information for themselves and their client, Department of Defence.
First thing they needed was the data aggregation of $2Bn and 5 years of program information with the ability to import and extract information from different systems. Next thing to achieve was how to recognise the small but significant problem at the program and portfolio level such as safety and contingency management.
To move an entire team from using spreadsheets into a digital program and portfolio controls system, it’s a must to change the business and program management mindset from top down. Mastt has not only a product but also a customer success team that helps Jacobs to succeed with our clients.
Mastt has saved 57% time previously used to produce monthly reports, 50% time on program budget and Cost/Capex Management. Mast has laid the platform for a new business model inside Jacobs that makes PM more profitable and allows Jacobs to keep their competitive advantage.
Listen to what Jacobs says about their journey with Mastt in our class.