PPM - Portfolio Management

By using a portfolio approach to project management, you can improve project outcomes and gain a holistic view of project status, risks and resources.

A large component of the project governance process is being able to communicate easily. From shared dashboards to project roadblocks and associated tickets – it is all brought together into one single view including documentation, budgets , and other artifacts. By using portfolio management tools, you can easily identify potential roadblocks before they occur and establish a framework to keep projects on track, aligned with organizational goals, and on time and under budget. Project Portfolio Management provides a single platform view that helps to drive these behaviors.

PPM - Portfolio Management

By using a portfolio approach to project management, you can improve project outcomes and gain a holistic view of project status, risks and resources.

A large component of the project governance process is being able to communicate easily. From shared dashboards to project roadblocks and associated tickets – it is all brought together into one single view including documentation, budgets , and other artifacts. By using portfolio management tools, you can easily identify potential roadblocks before they occur and establish a framework to keep projects on track, aligned with organizational goals, and on time and under budget. Project Portfolio Management provides a single platform view that helps to drive these behaviors.

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Project Portfolios Help Drive Improved Visibility

Bringing It All Together in a Single View 

With TeamDynamix you get a portfolio-driven approach that allows you to easily optimize resources against multiple projects and tickets. From Project Portfolio Management (PPM) tools to project request intake, governance, and scoring; and resource and demand management – we assist you in building an enterprise-level tool. A one platform approach, bringing IT Service Management (ITSM) and Project Portfolio Management (PPM) together, gives you a single view of resources, requests, status, and risk. 

If your organization has a specific business objective it wants to accomplish, there may be numerous projects that contribute to that overall effort—each with its own timeline, budget, and resources. PPM software that allows you to look across all projects within a portfolio is vital. By managing with a portfolio approach—rather than managing projects in isolation—stakeholders can see how everything is tracking and aligns with the business’s strategic needs. 

 

Enterprise-Wide Project Management 

While many projects might be centered within the IT department, you may also work on projects with other departments, like Facilities, Marketing, Human Resources, etc. To best manage these projects, there are a few things to consider – and things that your PPM software should help with. 

The first is collaboration. When project work is spread across departments, communicating project-related information clearly and effectively is essential. And speaking of communication, you need to do so with a universal language. By communicating with easy-to-understand and jargon-free dialog, you will avoid confusion and foster stronger relationships between departments—and that’s a good thing. 

 

PPM Software Must-Haves 

  • Support for all project methods: Waterfall, Agile, Kanban, Card Wall, and basic task lists. 
  • Institute a formal project intake review process 
  • Use workflow to ensure that steps are moved along as planned. 
  • Conduct in-depth resource capacity planning analysis. 
  • Engage in budget planning & time tracking for better outcomes. 
  • What-if planning scenario mapping. 
  • Manage project documents in a centralized storage repository. 

Whether you have created a formal PMO or you’re running projects separately within each group, a portfolio approach will help you gain a better view of all projects related to one area or strategic pillar. 

Improve Project Management Maturity

We know that organizations with higher levels of project management maturity are more likely to deliver projects on schedule and budget. PPM software will help you forecast project budgets and track all resources against that budget so you can keep the project on course and budget. 

With TeamDynamix you get the flexibility to grow into areas of greater maturity while not robbing the parts of the tool you are currently using. This allows smooth and seamless scalability with a software tool that acts as a strategic partner, not a tool that acts as an anchor as you scale and grow. 

When considering overall PPM maturity, an area often discussed is whether you can view resources across a portfolio of projects and service requests. There are three ways IT departments can use resources more effectively: use one platform for both tickets and projects; enable self-service; and improve change management. TeamDynamix can help do all three. 

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