It is a tool that sums up the status of a project on a single page. A project is defined by the scope of its functions, its estimated or approved budget, the approved schedule for the completion or the implementation and the completion, the series of risks identified during the project analysis and other factors that could come into play over the course of completion and that may have a material impact on the project as approved. The dashboard is a tool that consolidates variables that are essential for the proper unfolding and progress of a project.
This tool is also intended for the department's senior management that has approved a project and assigned it to a project manager. It allows them to maintain a dialogue regularly, and to use a pre-defined and consistent formula. This formula corresponds to best industry practices in terms of project management.