Knowledge-Readiness

The measurement of knowledge in your project is a strategic advantage to your organization because it gives you insight into short and long-term readiness and identifies the trouble areas that must be resolved. The knowledge-readiness indicator supports any project methodology and gives better insight to the project managers.
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In project management, very few indicators are predictive of future performance. Percent-completeness is an indicator of past performance; however, a percentage of completion provides no insight into future project success. The ConceptDraw Knowledge-Readiness Dashboard is an indicator of future project readiness. The Knowledge-Readiness Dashboard tracks individual tasks and the documentation associated with the tasks and provides a pictorial view of the project’s readiness state for successful task completion. For successful task completion, documentation must be in place, the ConceptDraw readiness indicator measures this key performance indicator.

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The dashboard lends a Project Manager insight into numerous knowledge areas of a project. There are two indicators that are displayed together to give important project readiness details. The first indicator provides the ratio of unspecified tasks to specified tasks as a visual ratio that shows the relative readiness of any phase of the project. The second key performance indicator is a go or, no go representation of task-readiness and it indicates tasks that have a critically low number of specification documents and tasks that have adequate specification documents associated with tasks. The two knowledge-readiness indicators clearly show potential future project execution problem areas. The state of readiness indicator gives Project Managers a crystal ball that can be used to predict potential shortcomings in future project stages.