In my last posting I wrote about the functions of project management. When I considered alternatives to MS Project, I started thinking about the functions of Project Portfolio Management (PPM) software and concluded that they were similar in many respects.
• Design
The project blueprint and design stage where are all Business Process Models are developed
• Modeling
Interviewing stakeholders and developing the transactional and business process to support enterprise software deployment
• Execution
The go-live stage to implement the business process and software solution
• Monitoring
Monitoring the end results to achieve the KPIs that were introduced as part of the justification to introduce the software solution
Advantages
The benefits to consider when using a PPM solution are:
• guaranteeing the availability of competencies and resources upon which project success depends
• providing key stakeholders a complete view of the project portfolio
• directing cost savings by prioritizing beneficial projects and eliminating unproductive projects
• aligning IT and other projects with the enterprise’s business strategy
Potential Vendors to Consider
To learn more about the vendors featured in this blog –post and to learn about other vendors in this knowledge space PPM consult TEC’s vendor showcase.
Deltek
Deltek provides an integrated toolset for PPM. Modules include portfolio analysis, risk management, planning and scheduling, project collaboration, and earned value management (EVM). This modular, integrated suite provides selective information to project participants, from CEOs, to project managers, to team members.
Epicor
Epicor for Service Enterprises 8.1 adds enhanced PPM, contingent workforce management, and advanced collaboration and customization capabilities, all enabling greater planning, performance, and execution.
Primavera
Primavera offers professional and new product development services. Its solutions include role-based dashboards, product-based forecasts, graphic trends reporting, and other customizable reporting. Users can establish priorities, view the status of current projects, and allocate resources, as well as receive early warning indicators and view performance trends.
There are a number of PPM tools available with a variety of features and functionality. Please refer to TEC’s website for a complete listing of what is new within PPM software, along with whitepapers that can further your understanding of the complexities of PPM.
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Tags: Business Process Modelling, PPM, Project Management
Comments
Pat Shanahan on 21 February, 2008 at 7:25 am #
Please consider Performance OnDemand, a software as a service hosted solution that uses MS Project for scheduling, Project Invision for PPM functionality (integrates bidirectionally with MS Project Desktop) and adds modular functionality for things like workflow automation, document management, portfolio management, executive dashboards, time tracking, enterprise reporting, issues and risk management, collaboration, change management, requirements management, knowledge sharing - not to mention that the program is adaptible and can be modified to meet internal business process needs without programming. Deltek’s Cobra, Winsight and Winsight’s power point briefing wizard are also part of this solution in the same hosted environment to meet earned value and program cost performance reporting needs. Major benefits of this hosted solution include immediate availability along with implementation accelerators, reduced burden on internal IT departments and low risk due to subscription pricing.
Alex Hankewicz on 21 February, 2008 at 4:07 pm #
Hi Pat
Thanks for the feedback,you have made a sound contribution,as I am curious to know what people are using in their workspace.It is amazing how many large i.e greater then 500 workstation shops are still using MS Project as the only project planning tool.I am curious to know in your work space environment how scalable is the tool and how dynamic is the tool to track on-going development and reporting issues to Project Office or the stakeholders.
Regards
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