Portfolio Management Features and Functions
Project portfolio management (PPM) organizes a series of projects into a single portfolio consisting of reports that capture project objectives, costs, timelines, accomplishments, resources, risks, and other critical factors. Executives can then regularly review entire portfolios, spread resources appropriately, and adjust projects to produce the highest departmental returns.
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General
General portfolio management functions provide access and visibility to all of the projects under the same portfolio. They provide information on the types of demands being placed on information technology (IT), and help evaluate performance through the effective use of resources, such as people, funding, assets, and processes. They also maximizes business value.
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Project Analysis
Project analysis is used for project appraisal. It benchmarks project systems using quantitative, statistical analysis. Project analysis helps to ensure that the project is feasible, budgeted correctly, and has realistic requirements. It also helps to perform what-if scenarios for optimizing and balancing the portfolio.
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Business Intelligence
Business intelligence (BI) uses strategic information to analyze investments and evaluate performance. Effective portfolio management must be driven by secure, accurate, and scalable tools to collect metrics. Users can create clear, high-level overviews across projects and programs with comparative analyses on the value of organizational assets, new projects through BI, and analytical tools, such as the information technology (IT) scoreboard.
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Analytics
Project management analytics is a flexible, comprehensive information system that is used to monitor and control project data. Users can evaluate individual projects, partial projects, or multiple projects. Analytics include overview reports and reports offering various degrees of detail.
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Portfolio and Project Management Features and Functions
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