As pipelines are used to create smooth water flows, a project pipeline tracker is used to create smooth project flows.
Sounds interesting, right?
Hurdles, roadblocks, and bugs are bound to occur; however, creating a pipeline can help to mitigate all of that to a great deal.
According to a report, in 2021, 34% of projects were completed on time, compared to 29% in 2020. 45% had a record of their project success as well. Thus, using a project pipeline tracker is necessary for timely execution and maintaining adequate records.
In this blog, we will see what is pipeline management, what is a pipeline tracker and some necessary project tracking tools as well as the benefits of it. That’s not it! We have also shared some pro-tips for choosing the best tracker tool for your organization.
So, fasten those seatbelts tight, and let’s take off on a knowledgeable flight!
What is Pipeline Management in Project Management?
Pipeline management is an essential concept in project management. It is crucial for picking up suitable projects for your company.
A pipeline shows the “flow” or the “necessary steps” needed to choose the right project and its successful implementation. Thus, pipeline management helps identify high-priority projects, forecast risks, track progress and manage the workflow more effectively.
PMs can use pipelines to create and track the flow of their project’s ideas, progress, implementation, review, and execution.
However, effective project pipeline management involves the following sub-components:
Ideation is the “brainstorming” stage of project pipeline management. This is one of the most important stages as it is crucial to begin the actual project management process. New ideas are generated, and the team collaborates to choose high-quality projects.
You can use agile project management tools to allow your team effective collaboration and coordination.
2. Work Intake
Work intake is taking the proposed projects to the higher-ups for approval.
3. Phase Gate
Phase Gate involves the critical order for portfolio management. Only the prioritized projects become a part of the portfolio.
What is Project Pipeline Tracker?
A project pipeline tracker is a tool used to track the project’s progress, issues, deadlines, estimated budget, etc.
From the project start to its execution, it can help you track everything about your project. Moreover, you can also have complete reporting and analysis on each project.
Plan, track and evaluate your project’s progress. Thus, a project pipeline track will help you to standardize your projects. In addition to that, it will also help to establish smooth workflows and organized management processes.
Project Pipeline Tracker Tools
You must be wondering how to pipeline your projects!
Well, there are multiple tools you can use to track. Instead of creating long excel sheets or word tables, you can automate your project pipeline management with a project pipeline tracker.
The good news is that if you are already using project management software, you use it to build your project pipeline tracker effectively.
Well, let’s see how you can do that in detail!
1. Kanban Boards
nTask Kanban board is one way of creating an effective project pipeline tracker. You can use them to assign tasks, track progress, add deadlines, and forecast risks.
It is an effective way of visualizing the projects that haven’t been started, the ones in progress, reviewed, and the completed ones.
It is a detailed timeline for the PMs to avoid any confusion. Moreover, you can also add customized templates or colors to streamline tasks and get started without any hassle.
Thus, add as many sections as you want and create a pipeline per your project needs. With Kanban board, have a project pipeline tracker with zero clutter.
2. Gantt Charts
Another effective project pipeline tracker tool is a Gantt chart.
So, what is a Gantt chart?
A Gantt chart is a pictorial or graphical representation of your project’s progress timeline. Use Gantt charts to assign tasks, set actual and planned start or finish dates, and create dependencies or critical paths.
Here you can see everything you need to know for a project pipeline. It has its budget, cost, completion percentage, and issues or risks on the top. The graph below shows the progress rate of each task.
Thus, it is an effective way to visualize complex information in a simpler form and establish a smooth pipeline tracker. So, you can monitor them all with the Gantt chart’s project pipeline tracking for small or large projects.
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3. Project Board
Handle complex projects easily by using project boards as a project pipeline tracker. In a project board, you can add the end date, status, priority, progress, and assignees. It will help you track all your projects in one place, in essence helping you with pipeline tracking.
Thus, get rid of hassling between different departments to know the status of each project. Have a full-length pipeline status for each under one roof.
In addition to this, your pipeline can also take the form of a calendar and help you track your project statuses in real-time. It is effective for non-complex projects.
You can build a pipeline by setting tasks and issues as calendar events. Moreover, with nTask, you can sync all your tasks with nTask google calendar integration and keep yourself updated round the clock.
Thus, don’t miss those meetings and deadlines and maintain a smooth pipeline flow.
So, no matter which department it is, marketing, sales, or content, you can effectively use a project pipeline tracker to pipeline all your projects.
Benefits of a Project Pipeline Tracker
So, why do you need a project pipeline tracker?
To track project progress. But wait, some other benefits would drive you to instantly build a pipeline of yours.
Let’s have a look!
1. Complete Visualization
A pipeline tracker helps you have a complete view of all your ongoing, reviewed, and completed projects on one giant board. This helps PMs to create better workflows and streamline activities.
2. Better Communication
Using a project pipeline tracker also boosts communication and collaboration. Teams can easily reach out to their managers and teammates anytime without any hustle. Moreover, they can also share their ideas and suggestions.
3. Risk Assessment
A pipeline tracker will also help you assess the risks better with its bird’s eye view. It can be beneficial to forecast risks and mitigate them time to ensure the successful implementation of the projects.
A pipeline tracker is beneficial to increase transparency between teammates, stakeholders, and managers. Everyone is aware of their own and their teammate’s duties and tasks. Thus, it eliminates sending repeated reminder emails or messages by providing complete transparency.
4 Features to look for in a pipeline tracker tool
Based on our experience and research, here is a pro-tip for you!
While looking for a suitable project pipeline tracker tool, check for these 4 features to make the best choice.
- Task management: A good tool should allow you to manage effectively, assign and organize your tasks. nTask task management feature will enable you to create an effective pipeline for your assignments. You can easily create, edit, or remove tasks to” #strengthenyourworkflow.”
- Track Progress: Another essential feature is tracking progress. Your pipeline is a waste if you can’t track your project’s progress rate through it. Thus, whether it is project completion percentage, budgeting, or issue tracking, a good dashboard will have It all laid out. Luckily, the nTask dashboard also gives you a complete view of all the necessary details.
- Risk Management: Finding bugs and issues and solving them timely is crucial for maintaining a smooth pipeline flow. Therefore, a good project pipeline tracker should allow you to manage risks and mitigate them effectively.
- Automate workflows: A smooth pipeline features an automated workflow, so you don’t have to manage things daily. You can set your workflows by “if this” and then “do this” commands. This is the best way to avoid task repetition and save time.
There you have it!
You know what a project pipeline tracker is and why you should have one, right?
Companies need to optimize their workflows and project management tasks. A pipeline is like a roadmap for you to make your team move forward in a systematic and organized manner. It helps to reduce ambiguities and set clear directions.
So, pipeline your projects with the best project pipeline tracker now!