Most organizations today face a resource crunch. Managers are often frustrated by dearth of resources or reassignment of their resources to other projects. If you are familiar with this situation, then PPM is for you. PPM is a process designed to help an organization analyze information about its basket of projects, then prioritize each project according to certain criteria, such as strategic value, risk, cost, etc. With PPM your organization will:
- learn to look at the big picture rather than individual projects
- learn to differentiate between projects that are valuable and resource hogs
- make well informed decisions about allocation of resources
Celoxis offers a comprehensive set of tools to manage your project portfolio. Each project has the following PPM attributes :
- Risk - The potential negative impact that may arise from this project.
- Benefit - A number between 0 and 100 that reflects the potential for financial or operational gain upon successful completion. Higher number means more benefit.
- Alignment - A number between 0 and 100 that reflects how closely this project's requirements fit within the organizations business, goals, skill sets, and resources. Higher number means better alignment.
- Budget - The project's budget
In addition, you can define your own fields depending on your organization's PPM process using custom fields . For example, you can have your own field called PPM Score that quantifies the rank of a project using our formula custom field. Celoxis provides a number of drill-down charts to analyze your portfolio including the popular Portfolio Bubble Chart. You can customize this chart or define your own charts to suit your PPM process.
Project Portfolio Bubble Chart
