For the past 16 years, 5000fish’s CEO, David Ferguson, served as CEO and President of OakTree Solutions, a Federal services contractor. He knows firsthand that project managers for government contractors have their work cut out for them. In fact, Ferguson’s desire to build a business-friendly BI solution like Yurbi came in part from the struggle of trying to optimize processes and improve communication between on-site federal projects managers and the corporate project management office (PMO).
Project managers working for small, medium and even large federal contractors face many of the same hurdles. For starters, it’s exceedingly complex for project managers to extract the information they need from the various systems they are using. Sharing the right information with the right people is equally challenging. Moreover, compiling the data into timely reports that give project managers insight into the real-time overall status of their federal projects is nearly impossible. That’s why most federal contractors employ multiple Project Support Analysts (PSA)- simply to help the Project Managers wrangle with all the project data to track project health. As if that weren’t enough, project managers are facing increased pressure to control costs and improve operational efficiency.
Using the right business intelligence (BI) tool to automate key performance indicators (KPIs) can enable project managers to overcome these and other obstacles while helping them effectively manage the health of their federal contracts.
Regardless of whether they choose to leverage a BI solution or not, here are four key KPIs that federal project managers should track.
Leveraging a BI tool that connects in real-time to data sources, the project manager can pull current status reports without involvement from a PSA. This gives the project manager an up to the minute view of billable utilization- which not only allows the manager to find issues sooner, it also helps them be proactive when it comes to approving scheduled leave, overtime, training classes and more.
We aren’t sure if Yurbi is the ideal BI tool for your organization. But, we’re confident that the right BI solution can help your organization automate KPIs- improving communication across teams and giving project managers the real-time information they need to better control their federal contracts.
It’s one thing to talk about how the right BI tool can benefit you as a government contractor project manager, it’s another to experience the difference Yurbi can make. If you’re a project manager in a government contracting firm, we invite you to explore Yurbi. See what a dashboard looks like, get a feel for what’s possible, and discover how Yurbi gives you real-time access to your unique KPIs.