How can stakeholders benefit from dashboards and KPIs during the implementation?

The benefit of dashboards and KPIs during an implementation process primarily lies in their ability to offer real-time visibility into project status. This real-time insight enables stakeholders to monitor progress, identify any issues, and make informed decisions rapidly. With instant access to key metrics related to the project, stakeholders can assess how well the implementation is aligning with strategic goals, ensuring that the project remains on track and within defined parameters.

Real-time visibility promotes transparency, allowing all members involved in the project—whether they are from management, development, or operations—to stay informed and engaged. This can lead to improved collaboration and quicker responses to challenges that may arise, ultimately contributing to a more successful outcome for the implementation.

In contrast, focusing on historical data analysis does not provide the immediate insights necessary for adjusting course during an ongoing project. Eliminating the need for meetings is unrealistic; while dashboards can streamline and enhance meeting discussions, they cannot replace the value gained from collaborative dialogue among stakeholders. Lastly, limiting the focus to financial performance excludes other critical factors and KPIs that are essential for assessing the overall success of an implementation project. Thus, the option emphasizing real-time visibility captures the full scope of how stakeholders can gain value from dashboards and KPIs effectively.