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Software Evaluation Features and Functions

Before you can begin comparing enterprise software solutions, it's important to understand the features and functions that you need to run your business.Below, you'll find links to comprehensive models of features and functions for several types of enterprise software, accounting, asset management, business intelligence (BI), content management systems (CMS), enterprise resource planning (ERP), human capital management (HCM), product lifecycle management (PLM), product portfolio management (PPM), relationship management, and supply chain management (SCM). These feature/function models can help you better understand vendor offerings as you compare software solutions, including

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Portfolio Value Optimization Features and Functions

Portfolio value optimization is the process of deterring the actual value of a portfolio of product investments in order to return the highest value for the investment in developing the products in the portfolio. Project values are based on structured analysis and provide a strategic, business level view of the portfolio to support the development of higher value product portfolios. Key requirements for developing portfolio valuations are the proper assessment and interpretation of uncertainty and risk that is associated with the projects and the ability to assess the value of products at all stages of the product life cycle.

  • Develop product investment forecasts

  • Determine factors influential to product value and associated uncertainty

  • Develop value range of product investments based on uncertainty

  • Compare projects based on value ranges

  • Visually compare projects based on potential value ranges

  • Provide ability to validate portfolio assumptions and value ranges

  • Determine the value of portfolio investment versus value

  • Provide a visual display of portfolio investment versus value

  • Determine incremental value gained or lost by changing constraints (for example, budget)

  • Mechanism or process to provide for comparability of data from different sources

Portfolio Management Features and Functions
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