Project Dashboard is an interactive project data monitoring tool that allows showcasing the performance of one or several project on a single computer screen. It provides data visualization tools that help coordinate execution of project plans, effectively manage resource allocation, enforce processes and activities, and leverage knowledge and expertise captured within project environments.
Project dashboard is the central component of most serious project management software. It is a kind of performance monitoring functionality that is used by project analysts and managers to walk through the key milestones of projects and track implementation progress and actual results visually.
Actually, milestones are the major items on a project dashboard to display and measure project performance. A milestone determines the actual results obtained after a scheduled period is over. Milestones can be combined with various project performance indicators to characterize the achievements and failures of some projects over a specific period. Project managers make combinations of milestones and KPIs to:
- Showcase their projects to stakeholders, clients and prospects
- Recognize and promote team contribution
- Show how success is achieved
- Explain project lifecycle stages.