Evaluating and selecting the right collaborative project and portfolio management software for your organization can be quite the challenge. This article highlights important points to look at in a Portfolio Management Solution for an enterprise.
Who Gets Benefit
Executive Management
- Balance portfolios, prioritized investment
- Align resource with strategic enterprise objective
- Evolve ideas, proposals, initiatives to measurable program and projects
Project and Program Managers
- Make timely, informed decisions based on accurate project data
- Ensure best practices are repeated for all management processes
- Actively manage risks and issues
- Insure time and expenses are tracked
Practitioners
- Leverage reusable process templates for collaboration and communication
- Communicate, coordinate and collaborate globally
The evaluation criteria in the checklist breaks down into the following categories:
Portfolio management
With the right PPM solution, senior executives will be able to:
- Approve the correct projects
- Track projects easily
- Allocate resources effectively
Project management
With the right PPM solution, project managers will be able to:
- Start quickly
- Manage projects easily
- Inform others systematically
Work management
With the right PPM solution, team members will:
- Fully understand their role
- Deliver work easily
- Collaborate more efficiently with others
- Effective implementation of a PPM solution will give all team members full visibility into the status of the projects they are working on and ensure they have a good understanding of what their role is in the projects that they are involved with.
Organizational project management
Project Management champions will be able to:
- Deploy the tool with little burden
- Coordinate with all team members
- Evolve new project management best practices