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Software Functionality Revealed in Detail
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 resources project portfolio management for it


Project Portfolio Management for Service Organizations: Bridging the Gap between Project Management and Operations
There are two types of project portfolio management (PPM) solutions for professional services organizations (PSO). For smaller PSOs, best-of-breed vendors

resources project portfolio management for it  able to manage internal resources and contractors across multiple projects and portfolios. Contractor management, recruitment management, and resource planning, scheduling, and utilization are key features of this component. Time and expense tracking . This bridges project management and operations. It ensures that an end user's work details, captured by the time and expense module, will update the status of work completed in projects, as well as the billing information in accounting. For many service

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

PPM for Professional Services Automation

A business practice that assists organizations to align their portfolio of projects with their business strategy. Professional services automation (PSA) refers to a system designed to streamline and track resources, projects, portfolios, revenues, and the costs of professional services organizations (PSOs), which provide billable services to their clients. Consequently, PPM for PSA provides both the high-level monitoring of project portfolios as business investments and automates the project-specific functionality of time, billing, expense reporting, opportunity management, and resource management, linking back office functionality with the PSO’s portfolio of projects. 

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IT Project Management Tools: MS Project and Its Alternatives (Part 2)


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

resources project portfolio management for it  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 Read More

Aligning Business with IT through IT Portfolio Management and IT Governance


When business uncertainties are frequent and compliance with regulations is mandatory, it can be a challenge to keep information technology (IT) synchronized with strategy for maximum business value—while reducing IT cost. An IT portfolio management framework, coupled with an IT governance framework, can provide visibility into projects and IT assets, keeping them aligned to business objectives at all times.

resources project portfolio management for it  IT Governance framework. Balancing resources and asset requirements will provide a holistic and correct view of IT investments and assets. Asset and project portfolio are complementary to each other. They are like Yin and Yang of ITPM. The concepts of Yin and Yang originate from an ancient Chinese philosophy that describes two opposing but complementary forces. One can be transferred into another. A project after closure and successful roll out creates an asset (application) which will provide further Read More

Keys to Implementing Project Portfolio Management


Project portfolio management (PPM) is a tool-supported process for optimally managing an organization’s “portfolio” of projects. And although PPM can provide real value, many organizations are finding PPM implementations difficult. However, there are key approaches that can increase your likelihood of success, as well as an effective step-by-step process for implementing PPM within your organization.

resources project portfolio management for it  value? Are we allocating resources optimally among our various project portfolios, and, if not, how much value are we loosing because of this misallocation? I recommend developing your value-measurement framework early on. Your processes for implementing PPM must include procedures that specify how you will apply your valuemeasurement framework. Also, developing the framework before you begin looking at PPM tools will ensure that you will know what is required in a tool to accommodate your framework. 6. Read More

Project Portfolio Management for New Product Development: Tracking the Project Cycle from Idea to Launch


Resource allocation and phase-based processes are key features to consider when selecting a project portfolio management solution for new product development (NPD) projects. More importantly, NPD projects demand a best practices framework, like Stage-Gate®, for their success.

resources project portfolio management for it  or re-allocation of the resources that deliver project tasks. In the area of NPD, the primary objective of a PPM solution is to facilitate strategic and financial control throughout the project or product lifecycle. The following article will examine the features and benefits of PPM in the NPD arena, as well as some of the vendors that provide specific functionality for this growing market segment. Challenges in NPD PPM is a key component of an organization's NPD strategy. The main challenge faced by Read More

Oracle JD Edwards EnterpriseOne 9.0 for ERP for Mixed-mode Manufacturing Certification Report


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resources project portfolio management for it  OpenAir for PPM for PSA Certification Report NetSuite OpenAir is TEC Certified for online evaluation of project portfolio management for professional services automation (PPM for PSA) solutions in the Project Portfolio Management Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and Read More

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resources project portfolio management for it  management of projects and resources is undergoing a fundamental transformation. The current problem is that people, processes and data are spread throughout the organization, creating a silo-effect for managing projects and resources. The results include poor project prioritization, unpredictable performance, unreliable reporting, and decision-making based on who screams the loudest. By centralizing data and automating business rules, organizations will realize these benefits: Decision-making driven by b Read More

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