Measuring the Business Value of Project Data

Multiple databases may capture significant company information about your company. If you have a project accounting database to capture time and expense on your projects, there is a significant amount of detailed data about each of these projects. You may also have other data sources including a CRM database, HR system, proposal and photo library or Outlook that captures a wealth of information needed and used every day to manage projects, people, maintain client relationships and win new business. What is the value of all of this important data?Most firms do not recognize or put adequate value on their project data, and therefore do not protect its integrity, security or preservation in an adequate manner. The intention for this article is twofold - to try and help you put a "price" or value on your project data, and help create an urgency around assessing and improving the disaster recovery methods employed by your firm.