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Project Portfolio Management Tools: Which Approach is Best?

Source: Lee Merkhofer Consulting
Project portfolio management (PPM) is a hot topic, and there’s no shortage of related advice. However, much of the current advice is incomplete—or flat-out wrong. Before purchasing a tool, buyers should familiarize themselves with established theories for valuing projects. Armed with understanding, they can avoid getting "burned" by the unsuitable PPM tools that are being pushed in the marketplace.


Featured publications:

Primavera P6 Enterprise Project Portfolio Management
Source: Oracle Primavera offers professional and new product development services. Its solutions include role-based dashboards, product-based forecasts, graphic trends reporting, and other customizable reporting. Users can establish priorities, view the status of current projects, and allocate resources, as well as receive early warning indicators and view performance trends.     Read More...
PSNext
Source: Sciforma Corporation PSNext is a 100 pecent Web-based, rich client project management solution for the global enterprises. It is a role-based solution which supports portfolio management, documentation management, issues management, cost management, and resource management. It also supports multi-projects, work flows, and full earned value support. PSNext also has the ability to create unlimited user-defined fields and formulas, and its features include a robust graphical report writer, dashboards, project versioning, built-in PDF writer.     Read More...
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You may also be interested in these related documents:

Keys to Implementing Project Portfolio Management
Source: Lee Merkhofer Consulting Project portfolio management (PPM) is a tool-supported process for optimally managing an organization’s “portfolio” of projects. And although PPM can provide real value, many organizations are finding PPM implementations difficult. However, there are key approaches that can increase your likelihood of success, as well as an effective step-by-step process for implementing PPM within your organization. Read More...
Aligning Business with IT through IT Portfolio Management and IT Governance
Source: iGATE When business uncertainties are frequent and compliance with regulations is mandatory, it can be a challenge to keep information technology (IT) synchronized with strategy for maximum business value—while reducing IT cost. An IT portfolio management framework, coupled with an IT governance framework, can provide visibility into projects and IT assets, keeping them aligned to business objectives at all times. Read More...
Yes or No: The Two Models for Implementing Project Portfolio Management
Source: Configuration Solutions, LLC Two models exist for implementing project portfolio management (PPM) systems: the engagement profitability model, and the budget alignment model. The former uses projects and programs as vehicles for managing revenue-generating engagements. The latter is an operational environment where project value varies, and project costs constitute an expense overhead. PPM can align these models to shorten engagements through standard implementation plans. Read More...

 
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