08/16/2024 | News release | Distributed by Public on 08/16/2024 06:38
In the realm of government contracting, precision, consistency and efficiency are vital for project success. We understand these needs and have introduced a new feature within Deltek PM Compass that will streamline and enhance your variance analysis reporting process. Meet the Narrative Score feature, a practical and user-friendly tool, designed to assist you in creating and refining high-quality narratives for your stakeholders.
The Narrative Score is a generative AI (GenAI) capability that is part of our AI-powered intelligent business companion, Deltek Dela™. This feature evaluates your variance analysis narrative against a set of industry best-practice criteria and provides a score and actionable tips to help you quickly and effectively improve the quality of your reports. By leveraging GenAI, Narrative Score offers suggestions to enhance clarity, completeness and overall narrative quality when the score is low.
Deltek strives to improve its products by adding innovative features like Narrative Score to PM Compass. Narrative Score enhances existing PM Compass product capabilities.
Deltek's deep industry knowledge ensures that the GenAI prompts for the Narrative Score feature are expertly crafted to address the specific challenges and needs of government contractors, providing tailored AI-driven guidance that enhances report quality and consistency.
Government contractors often face the challenge of producing consistent and detailed variance analysis reports under tight deadlines. Gathering data from various work owners with different skill levels can be a time-consuming and inconsistent process. The Narrative Score feature directly addresses these issues by providing AI-driven assistance to streamline the creation and review of narratives.
For government contractors, Earned Value Management (EVM) can be a critical aspect of project management. It provides a comprehensive view of project performance and progress by integrating project scope, schedule, and cost. However, one of the persistent challenges in EVM is the creation of high-quality variance analysis narratives that explain and justify variances accurately and effectively. Low-quality narratives can lead to significant issues, including:
The Narrative Score feature helps mitigate these pain points by providing structured, AI-driven guidance to enhance the quality of variance analysis narratives, ensuring they meet the high standards required in EVM reporting.
Using Deltek's PM Compass Narrative Score feature is straightforward and practical, designed with the end-user in mind:
Imagine you're working on a complex project with multiple subcontractors. Variances have occurred due to unforeseen challenges, and you need to explain these in your variance analysis report. Here's how the Narrative Score can assist:
Deltek is dedicated to not only providing powerful artificial intelligence (AI) tools but also ensuring they are used responsibly and securely. The Narrative Score feature is part of Deltek Dela, an AI-powered intelligent business companion that embodies Deltek's principles of purposeful and responsible innovation. Count on Deltek, your trusted partner, to prioritize your business needs while leveraging AI safely and securely.
The Narrative Score feature is a practical and efficient tool that brings the power of GenAI to your variance analysis reporting process. By enhancing the quality and consistency of your narratives, it helps ensure your reports meet the high standards expected in government contracting.
Experience the benefits of smarter, more effective narratives with Deltek PM Compass and take your project management to the next level.
We're excited to also announce that the Narrative Score feature will soon be available in Deltek Cobra, enhancing your earned value management (EVM) capabilities with GenAI assistance.
Stay connected with Deltek for more updates and continuous improvements in our AI capabilities. We are committed to helping you achieve greater success through innovative and responsible solutions.
Feel free to share your feedback and suggestions through Deltek's Idea Portal as we continue to evolve and enhance our offerings to meet your needs. Together, we can make project management more efficient, accurate, and impactful to drive project success.