The convergence between an organization’s technology function and business-focused areas now requires leaders to broaden not only their skills, capabilities, and understanding, but also their project portfolio management solutions. Projects may or may not be connected and used to be managed under one portfolio however PPM is now used to improve governance across many business areas.

As part of PPM, you will in taking projects, assessing their viability, and assigning people to manage them. The primary purpose is to ensure that all projects inside the portfolio continue to cooperate and partake in the company’s overall vision. Using this procedure assists in analyzing the potential return on beginning any project. It also allows investors looking to invest money into a project in one place to look to get all the data they need.

Like other disciplines, digital forces are changing the nature of PPM and forcing it to adapt. Understanding and planning for these digital forces and trends is critical to ensuring PPM continues to deliver business value.

Why Use PPM?

• Team-oriented: PPM can be used on managing a waterfall or agile project and allows teams to cooperate rather than compete for resources.
• Financials: PPM helps track costs every step of the way to ensure the project stays on budget.
• Focus: PPM allows several teams to focus on their tasks while also having a long-term vision of where other projects are headed.
• Innovation: Input on projects comes from many corporate ladder branches, allowing innovative ideas to be tested and implemented quickly.
• Culture: All members of the organization, from workers to managers, will not only understand the big picture but will feel like their ideas are heard and part of the process.

Advance Solutions has helped many companies set up a PPM management system and educate managers and staff on using this powerful tool to increase project viability. All the PPM functionality will be explained by Advance Solutions to ensure you get the most out of your organization’s powerful new tool. If you are interested in having Advance Solutions assist your organization in setting up a PPM, click here.