Los Gatos (March 28, 2011). Sciforma, the Project and Portfolio Management (PPM) technology visionary, sponsored a report by Aberdeen Group, leading provider of fact-based research. The specific Aberdeen Group PPM report is titled, ‘Project portfolio management: Selecting the right projects for optimal investment opportunity.’
The Aberdeen Group PPM report comes at a time when the economy is forcing companies to maximize their resources and increase profitability. As a result, executive teams are evaluating approaches to ensure they are focused on the right projects, as well as tools enabling them to successfully manage their entire portfolio of projects.
For this purpose, the report provides guidance to help companies use PPM to balance risk while focusing resources on the right projects. As a result, these companies hope to achieve the maximum ROI. In order to improve PPM, it is important to understand the challenges faced by most companies. Thus the report identified the top five challenges reported by their corporate survey respondents. These are listed below in order of priority:
- Balancing resources usage across the portfolio
- Properly assessing risk in portfolio
- Understanding portfolio trade-offs and visualizing ‘what-if’ scenarios
- Defining portfolio decision criteria
- Basing decisions on objective information
Sciforma PPM software solves the five highest priority challenges and provides the predictability necessary for keeping projects on time and on budget. Further, they help users balance resources and properly assess risk by visualizing ‘what if’ scenarios. In addition, they help companies select the right projects, decreasing risk while optimizing returns.
For more information on the Aberdeen Group PPM report, and to access your complimentary copy, please follow this link.
Sciforma is one of the largest providers of Portfolio & Project Management software, delivering solutions to more than a quarter million users worldwide since 1982. The company offers flexible and easy-to-use multi-platform project management and project portfolio management software solutions. Businesses that have multiple projects from multiple clients (including internal customers) need to be able to prioritize efforts that will bring the best results to the company. The configurable Sciforma PPM solution provides project managers and executives the ability to analyze investments, plan capacity, manage risks, and control expenses better. For more information, visit: www.sciforma.com. Follow us on LinkedIn and on Twitter @Sciforma.