Year: 2022 | Month: September | Volume 67 | Issue 4
Enterprise Financial Project Management by Visual Analytics Tools
Natalya Malyuga
Hanna Komarnytska
Olena Androsova
Liudmyla Vovk
Svitlana Sharova
Nataliya Smolinska
DOI:10.46852/0424-2513.4.2022.22
Abstract:
Companies of all sizes and lines of business are already turning data into real value in many ways. All industries are covered: these are social networks, Internet companies, industrial enterprises, fast food chains, banks, industrialists, hotels, and many others. Scientific research reveals ways to increase productivity through data-driven decision-making. However, the human brain is designed in such a way that graphical display allows one to perceive and understand some features of quantitative data, and some quantitative tasks can be best performed. The article reveals a set of tasks for managing financial projects and the resulting visual analytics methods. Applying a systematic approach to managing financial projects and solving problems of visualization of complex data analytics is considered. The technological sequence of the visual solution of project management tasks for managers is given, and visual analytics methods are proposed to determine the necessary intervention in a problem situation that arises in the project management process. The importance of using modern analytical software is noted, which allows visualizing financial analytics using various models quickly or by combining them. Also, the article highlights the main advantages of using analytical software in financial project management and gives recommendations on using five strategies for effective visual analytics of enterprise financial project management.
Highlights
- Software for interactive data visualization and business intelligence allows carrying out in-depth and versatile analysis of large amounts of information quickly. With the help of these solutions, reports can be quickly generated from various sources, even for those employees who do not have excellent skills in working with BI applications or data warehouse.
- In the current flow of information, it is necessary to visualize data because the human brain can perceive specific quantitative characteristics and perform certain quantitative tasks most efficiently when the data is expressed graphically.
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