The decision to implement a project portfolio management application should be supported by a business case, like any other project: what is the return on investment (ROI) of a ppm tool? What are the benefits and how do you transform these into financials? According to a Forrester study, the ROI of a project portfolio management application can be as high as 250%. We discuss four benefits to include in the business case.
The digital transformation is still seen by many as a buzzword, but let us be very clear: technological developments such as Artificial Intelligence (AI), Augmented Reality (AR) and robotics means that many business processes will be automated in the coming years. These developments will trigger a shock in many sectors. How should business leaders deal with digital transformation?
eople often find change scary, which make them resistant to it. To make project portfolio management successful, it is important that employees understand the goal and added value of ppm. Therefore we present six ways in which management can support in this.
Every organization is familiar with it: projects that fail. In this article, we focus on five guidelines to increase the success rate of projects, and how project portfolio management can be useful in that pursuit.
In an earlier article, we explained how programs, projects and portfolios relate to each other, and where they can best start with project portfolio management. What are the benefits for companies?
Understanding the difference between projects, programs and portfolios is key to get started with project portfolio management. But also how they are linked. Dive into the definitions to have a clear picture.
How do we ensure that we do not waste time and money on initiatives that don’t contribute to the strategy? What are two critical factors to get to the essence of project portfolio management?
Companies are facing unprecedented challenges due to the digital transformation trend and the endless possibilities it brings. By using different perspectives, initiatives can be evaluated objectively.
