Enterprise Portfolio Evaluation Tool (PPM)
Enterprise Portfolio Evaluation Tool (EPET) also called as Project Portfolio Management (PPM) is used to make a right decision in selecting value adding projects that align with company objectives, it is an essential tool for many companies of diverse industry segments, as the companies grow the number of projects to fulfill the growing and changing business needs will also grow, however the need for choosing and prioritizing the right projects that give good to great return on investment (ROI) by minimizing the cost and effort, and mitigating the risk is becoming very strong for the growth and sustainability of corporate companies and the overall industries.
Project Portfolio Management is the process that is jointly dealt by the IT Governance Team and the Project Management Office (PMO), these two divisions of the any company constantly analyze the value factors and set standards that fulfill the company core objectives such as operations, productivity, finance, core values, customer service, employee care and culture etc, in the face of the strong need for accomplishing and preserving the company objectives a right Project Portfolio Management is essential, and in turn a right portfolio, a right program and a right project is a promise for what IT Governance Team and PMO’s aspiring for in their diligent efforts to fulfill the companies goals and objectives.
Key Capabilities
Efficient Business Processes
Most important aspect that PMOs and CIOs are looking for is increasing the efficiency in business processes. Efficiency in production, operations and value delivery is a paramount need to meet the objectives of the company. EPET (PPM) has the capability in bringing efficiency in the business processes by optimizing the portfolios and programs, and prioritizing projects that deliver high ROI.
Risk Management
Poor estimates at the planning stages of the projects leads to big risks at the later stages, planning associated with the evaluation of costs and expenses, milestones, scheduling and work effort etc is a key factor, EPET (PPM) has the forecasting, tracking and advanced reporting capabilities that alert all levels of management involved to take immediate measures to minimize risk.
Scope Management
Changing scope is one of the top reasons for the project failures, preventing the scope change in the middle of the projects will eliminate the risk of project delays and over the budget costs, subject matters experts have to rigorously do the analysis before determining the scope of the project, EPET (PPM) has the Scope Management functionality that allows rigorous evaluation and review process on the requirements by the experts and all levels of managers in determining the exact scope before decision is taken for implementation.
Prediction Capability
This is one of the advanced capabilities that distinguishes EPET (PPM) from competitors, this capability forecasts and alerts on different aspects before they happen in regard to budgets, time lines, milestones, schedules, resources and objectives etc, this capability also leverages the knowledge gained from past for the futures predictions, it tracks many indicators and metrics that make the prediction capability stronger.
Resource Management
Not having a real time tracking system, that reports on which resources are working on what projects, their project time lines and the number of projects or tasks they are working on in a given time, is one of the top reasons for postponing the projects or unnecessary hiring of additional resources, resource mismanagement lead to biggest expense in the company as the resources are most expensive. EPET (PPM) solution saves budget in larger proportions with its state of the art resource management capability.
Budgeting
Selecting a right project and implementing a project right is the key for the allocation and utilization of a right budget. EPET (PPM) allows the PMOs and CIOs to allocate and manage budget efficiently by choosing a right portfolio, program and a project and enable the project managers to implement the project on-time and on-budget by knowing the costs and expenses and the milestones.
Key Features
- Portfolio and program optimization, and project prioritization.
- Task Management.
- Time, performance, Issue, Milestones and Metrics tracking.
- Resource Allocation and Management.
- Advanced Reporting & Analytics.
- Advanced Dashboard Customization.
- Document Management
- Budgeting and expenses.
- Integration and collaboration.
SAAS MODEL
- Delivered as service over the internet.
- No Software installation.
- Automatic upgrades.
- 24/7 access from an internet connection.
- Operated from secure tier 3 data center
Book A Free demo ?
We are better together.
Drop your contact details into the form, and we’ll reach out to you!
CONTACT DETAILS
Corporate Office: ( USA )
1031 Route 22, Suite 302 Bridgewater, NJ 08807
Offshore location ( INDIA )
303, K M Towers, CMB Compound,
Visakhapatnam - 530003 Andhra Pradesh
