Why your company needs a PPM solution?

PPM (Project Portfolio Management) Wiki: the centralized management of processes, methods, and technologies used by project managers and project management offices (PMOs) to analyze and collectively manage current or proposed projects based on numerous key characteristics...

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THE STORY: Back in 2003, the US clothing manufacturer Levi Strauss, with operations in more than 110 countries, made the fateful decision to upgrade its global IT system. The project was budgeted at $5million and the advantages appeared huge. But very quickly all hell broke loose. One major customer, Walmart, required that the system interface with its supply chain management system, creating additional hurdles. Insufficient procedures for financial reporting and internal controls nearly forced Levi Strauss to restate quarterly and annual results. During the switchover, it was unable to fill orders and had to close its three U.S. distribution centers for a week. In the second quarter of 2008, the company took a $192.5 million charge against earnings to compensate for the botched projectand its chief information officer, David Bergen, was forced to resign.

We examined 1,471 projects ...the average overrun was 27%but that figure masks a far more alarming one. Graphing the projects budget overruns reveals a fat taila large number of gigantic overages. Fully one in six of the projects we studied was a black swan, with a cost overrun of 200%, on average, and a schedule overrun of almost 70%

Four Common Reasons Why Projects Fail:Challenge #1 - Lack of Visibility of all ProjectsChallenge #2 - Unclear Project ObjectivesChallenge #3 - No Visibility into Resource WorkloadChallenge #4 - Gaps in Communication

Symptoms of out of control: Your project is two weeks behind schedule and slipping even further, because the key developer has committed to a different project.Your hot new project is still on the shelf because the timing for kicking it off never seems quite right.Your project is getting little traction, because the user community is either resistant to change or overwhelmed by the pace

Why PPM ?

Benefit #1: Increase project delivery successBenefit # 2: Reduce overspendingBenefit #3: Faster project turn timesBenefit #4: Reduce no value projectsBenefit #5: Streamline data and increase collaboration

How ?

Where ?

Sources:http://hbr.org/2011/09/why-your-it-project-may-be-riskier-than-you-think/http://epmlive.com/portfolio-management/gain-a-competitive-advantage-5-benefits-of-project-portfolio-management-ppm/http://www.pmsolutions.com/images/uploads/Project_Portfolio_Dashboard.png