Portfolio Management

Imagine a Pilot flying an airplane loaded with tourists. The airplane’s control panel has not been installed. The Pilot has to manually decide what route to take, how far the plane will travel before filling up and if the plane is running smoothly, without any real-time information. The Pilot is essentially flying blind.

Organizations that lack a Project Portfolio Management solution are ‘flying blind.’

A Project Portfolio Management (PPM) approach allows for consolidation of project information in a single location for improved communication on project and portfolio status. PPM will also improve project intake, prioritization and strategic alignment.

Portfolio Management Challenges
Impacts
Eclipse PPM Solution
Demo of Portfolio Management using Eclipse PPM Solution

Portfolio Management Challenges:

• Insufficient and incomplete visibility of all projects in a single location.
• Projects not properly prioritized – ‘ the squeaky wheel gets the grease.’
• Unable to determine if the portfolio aligns with business strategy.
• No formal process for project requests and evaluations.
• No mechanism for implementing process.
• Absence of real-time reporting on the portfolio of projects.

Impacts:

• Unpredictable outcomes
• Budget over-run
• Deadlines not met
• Poor communication regarding project status, issues, etc.
• Portfolio waste - overlapping projects, redundant projects
• Resource time spent gathering, collecting and reporting
• Increased resource costs
• Stakeholder objectives not met

Eclipse PPM Solution:

Executive dashboard for real-time visibility into all initiatives.

Portfolio Summary

 

[Portfolio Summary 2] [Portfolio Summary 3]
[Portfolio Summary 4] [Portfolio Summary 5]

Schedule Summary

Executive Dashboard

Align each initiative with one or many organizational or departmental objectives.

 

Single location to view powerful high-level executive, financial, project and portfolio reports. 

Eclipse PPM Report Glossary

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