PARCO transforms data into action for company megaprojects with Projects Portfolio Dashboard
The dashboard offers a consolidated and real-time view of critical project details.
In the realm of project management, the ability to obtain a comprehensive view of ongoing and planned projects is paramount for effective decision-making and driving successful outcomes. However, higher management often grapples with consolidating fragmented project information, impeding their understanding of the overall project narrative.
Moreover, the laborious process of sorting through numerous Excel sheets and diverse documents not only consumes valuable time but also raises the risk of overlooking crucial details, given the tedious nature of the task and the impossibility of remembering every single piece of information.
Pakistani joint venture oil and gas company PARCO strives to tackle this challenge head-on with the implementation of its transformative solution, a Projects Portfolio Dashboard. Leveraging the power of Microsoft Power BI, this dynamic dashboard offers a consolidated and real-time view of project progress, timelines, budgets, risks, and other critical details.
It also acts as a centralised repository, eliminating the need for manual compilation and providing decision-makers with the insights they need to make informed choices. Leveraging real-time data feeds, the dashboard provides timely updates on project statuses, enabling proactive monitoring and timely intervention when required.
These interconnected data models contribute to the robustness and consistency of the dashboard. Upon the initial connection to the data source, transformation steps are applied, and subsequently, all steps are automatically reapplied without the need for repetition when loaded again or refreshed.
The development of measures enables the dashboard to dynamically calculate metrics based on applied filters. With the interactive dashboard, metrics are instantly applied upon filter application. This task was previously time-consuming and tedious, as all calculations needed to be redone when the source data was filtered.
Overall, the Projects Portfolio Dashboard empowers leaders to gain valuable insights, mitigate risks, allocate resources efficiently, and drive the success of these crucial endeavours.
“Through its extensive range of information, the dashboard equips stakeholders with the necessary tools to monitor project performance, identify trends, and make proactive adjustments,” the company said.
The innovative Projects Portfolio Dashboard brought recognition for PARCO as the company bagged the Pakistan Technology Excellence Awards for Analytics - Oil & Gas at the Asian Technology Excellence Awards 2023. The prestigious awards programme honours the most outstanding technological projects and innovations and recognises exceptional companies that are riding the digital disruption wave to lead digital transformation journeys in their respective industries.
The Asian Technology Excellence Awards is presented by Asian Business Review. To view the full list of winners, click here. If you want to join the 2024 awards programme and be acclaimed for your company's outstanding retail initiatives, please contact Jane Patiag at [email protected].