Choose the Right PPM for the Best ROI
If you have a large number of projects and limited resources, a Portfolio and Project Management (PPM) tool is a necessity. Going beyond the traditional project management or ERP systems, a PPM provides the visibility and insight across all your projects (existing and future) to make informed decisions that minimize risks and improve your ROI.
There are a large number of systems out there, so before you choose one, look for the following features:
Timeline functions that give you easy access to and control over your projects and portfolios. Link projects (and their timelines) to portfolios, with links that automatically cascade. Easily see the timeline of a whole portfolio of projects, including dependencies between them. Delegate tasks and track milestones across the projects.
Resource planning and management functions that enable you to assign tasks, determine project costs, and adjust allocations accordingly.
Risk management functions that support risk evaluation and projection. Analyze individual projects or facets of projects to determine risks and potential return on investment. Create what-if scenarios to evaluate risks associated with potential changes.
Collaboration functions that work for your organization. Provide decision-makers with access to critical information (risks, issues, financials, etc.). Integrate with existing communications tools or functions.
Integration capabilities to connect with other functions, such as Active Directory or an existing ERP system.
Reporting capabilities that support decision-making, including built-in reports and the capability to create new ones as needed.
Simple and intuitive interface that enables all users to get started quickly and get the most out of the system.
With ever-changing business priorities, it is imperative that you actively assess and manage your projects to ensure you are utilizing your resources in the most effective way. A PPM tool will give you the visibility and control you need to be confident in your allocation decisions.