May 9th, 2017
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 EcoSys Portfolios, a solution that uniquely addresses these challenges by pulling in project level data directly from EcoSys Projects, providing real-time visibility into the live portfolio.