Yes or No: The Two Models for Implementing Project Portfolio Management

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.

Featured Software Research:

Expert’s Guide to Successful MRP Projects

To succeed in their tasks, planners and schedulers rely on materials resource planning (MRP) software to make recommendations and send signals. To make meaningful suggestions, MRP requires a steady diet of accurate, relevant, and timely data. This guide breaks down two critical MRP project success factors: 1) tips to select the right MRP software, and 2) best practices to extract meaningful value from MRP solutions. Read More

Why ERP Fails at Enterprise Project Management

  • Source: IFS
  • Written By:
  • Published:
Because enterprise resource planning (ERP) came from the world of materials planning for repetitive manufacturing, these applications cannot address the more anecdotal, complex, and dynamic requirements of real-time enterprise project management. Even tier one ERP products cannot meet the needs of some companies—engineer-to-order manufacturers, engineering procurement and construction contractors, and even process manufacturers. Read this white paper to learn more. Read More

You may also be interested in these related documents:

8 Strategies to Improve Your Project Plan

Today’s project management offices (PMOs) must optimize their project plans while managing complex projects concurrently, respecting delivery dates, and reducing resource costs. Decisions made based on the construction and interpretation of these plans have crucial consequences for the projects themselves, for the people involved, and for profits. Discover eight strategies to improve your project plans. Read More

Application Portfolio Management: Delivering Improved Functionality

Today’s technology and application leaders are pressured to deliver functionality that drives efficiency, innovation, and growth—while reducing costs. As a result, technology and application portfolio management (APM) are top business priorities. Learn about a framework for implementing an APM program that can enable your company to monitor and analyze the impact of application changes and reduce portfolio complexity. Read More

Keys to Implementing Project Portfolio Management

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
 
comments powered by Disqus