In today’s constantly changing world, organizations working in the field of sustainable development are playing an ever more important role. Whether it is the construction of massive infrastructure projects or delivering educational services for communities in need, development organizations are at the forefront of positive change. But many of them have fallen behind the times when it comes to using data and leveraging statistics in order to make better decisions.
Simply put, in the realm of sustainable development, the significance of informed decision-making cannot be overstated. Every choice made in the planning, execution, and evaluation of aid projects has the potential to shape the outcome of projects. Therefore, informed decision making, based on data analysis and statistical insights, is critically important for ensuring the responsible allocation of resources, fostering positive outcomes, and ensuring value for money for all stakeholders.
Key statistical concepts for decision making
The key statistical concepts that are crucial for decision making provide a succinct summary of data trends and patterns, including the monitoring of milestones and deadlines, tracking budgets, and the allocation of tasks to team members. Understanding these key data points are imperative for organizations in order to make informed predictions as well as to draw meaningful conclusions about priorities, schedules, and the distribution of resources.
One app that was specifically designed to meet these needs for organizations is Tenderwell. Designed for efficient project management, Tenderwell gives organizations the ability to instantly view all relevant statistics during a project’s lifecycle, including the ability to view which tasks have been assigned to which team members, collect and sort through communications with partners and consultants, and track expenditures in exquisite detail.
At a glance, the cloud-based Tenderwell app gives the ability to select and filter potential opportunities that are a good match for the organization’s resources and skills. With a clean, easy-to-use interface, Tenderwell lets managers stay on top of every aspect of a development project, including critically important milestones for deliverables and deadlines.
Challenges and considerations
Perhaps the most important aspect of applying statistics to sustainable development projects is the ethical considerations involved because transparency and integrity are of paramount importance. Whether it is the process of data collection, how data is stored, when it is elated, and how it is interpreted, organizations must ensure that they maintain a balance between the pursuit of leveraging statistics and the protection of human rights, including privacy.
Thankfully, as Tenderwell is a cloud-based app, it gives organizations that all regulations and legal requirements concerning data privacy are being maintained. As no updates or patches are ever needed, Tenderwell is always at the forefront of encryption, secure data storage, and legal adherence to regulations such as the GDPR. Furthermore, every instance of the Tenderwell app is safeguarded against outside access, meaning that organizations can operate securely without apprehension that their business practices, communications, and strategies will be compromised.
See also: Understanding GDPR: A guide for development organizations
But there is more to data collection and storage than just privacy and ethical issues. One of the key features of the Tenderwell app is the ability it gives organizations to become more “statistically literate” when it comes to project management. Instead of having to rely on a patchwork of software apps to manage contact lists, track expenditures, sort through and collect communications, and monitor team assignments, Tenderwell gives executives the ability to see everything at a glance, making it far simpler to make timely interventions and course corrections.
Lastly, apps such as Tenderwell give sustainable organizations the ability to engage in continuous improvement and adaptation. Powerful search tools and filters give organizations the ability to research previously completed projects, bids, proposals, and partnerships in order to further improve and streamline their ongoing and future efforts. And because Tenderwell securely stores all data in the cloud, organizations never have to worry about outdated operating systems, discontinued software, or missing documents when it comes time to analyze their past efforts.
Case study
The world of sustainable development is always evolving, and many organizations have successfully transitioned to the ability to leverage statistics for better decision making.
For example, one non-profit organization was tasked with the goal of improving agricultural practices in a region while simultaneously minimizing environmental impact. The organization used statistical methods to analyze historical data about soil quality, climate, and crop yields. These statistics allowed the NGO to get a clear understanding of current agricultural conditions, allowing them to draw on their past experiences to devise a suitable irrigation strategy and optimal crop varieties for the region. Combining this with a project management tool allowed the organization to make data-driven decisions concerning the allocation of their resources, manage their team’s abilities, adhere to a tight budget, and ensure a successful outcome for both donors and beneficiaries.
See also: Maximizing success with Tenderwell as your project management tool
Cases such as this show just how important that leveraging statistics for better decision making has become. In an era of tightening budgets from donors, disruptions in the global supply chain, and growing civil discontent, data-driven approaches are the only feasible solutions for organizations working in the sustainable development sector. Apps such as Tenderwell give organizations the ability to intensely monitor every aspect of a project’s implementation, including expenses, time-based resources, and impact assessments to ensure that they are meeting the needs of all stakeholders.
Conclusion
In short, the days of doing things “on the fly” are long gone for organizations working in the field of sustainable development. Today’s donors require maximum value for money as well as data-driven analyses about the impact on beneficiaries and the global community at large. Without a tool such as Tenderwell, it is nearly impossible for sustainable development organizations to implement projects in a timely, cost-efficient, and productive way.
If you are an organization working in the field of sustainable development, why not give Tenderwell a try? In today’s highly competitive world, the only way to keep up is with powerful data-driven tools so that you can make the most of the wealth of data that your organization already has on hand.
