Project portfolio management (PPM) is a centralized approach to planning and managing projects, including the practices of capital planning, workforce optimization, project selection, and portfolio analysis.
The project management institute says that projects will deliver far more quickly and at lower cost if there are good PPM processes and systems in place. Why is that? Here are some of the challenges that organizations without good PPM processes face:
- The wrong projects may be worked on, siphoning resources and money from projects better aligned with organizational strategy.
- Executives and managers don’t have accurate information about all planned and active projects.
- Resources are not properly utilized or sit idle when projects are delayed.
EcoSys recently released its new out-of-the-box PPM module that uniquely addresses these challenges by pulling in project level data directly from EcoSys EPC, providing real-time visibility into the live portfolio.
Watch this video to learn more about PPM, the benefits of the EcoSys Project Portfolio Management Module, and why it is the only PPM solution “with a Pulse.”