Products / Cherwell Project & Portfolio Management (PPM) / Project & Portfolio Management Processes

Project & Portfolio Management Processes

3-Minute Video: Project & Portfolio Management

Deliver Transformational Business Projects

Rapidly changing customer demands, technology innovations, and dynamic competition have become the norm for most enterprise organizations. But, the very elements that help establish stability can thwart the ability to collaborate and respond. Embrace the processes that contribute to stability while delivering on strategic objectives with Cherwell Project Portfolio Management. Cherwell Software provides a better way to deliver transformational business projects.

Join Cherwell Software for a demonstration of the new Project Portfolio Management solution. With Cherwell Project Portfolio Management you will:

  •  Improve project outcomes.
  •  Improve visibility across portfolio of projects.
  •  Reduce risk of project failure
  •  Improve resource utilization. 
 
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Key Components of the Solution:

Key Benefits:

  •  WORK ON THE RIGHT PROJECTS - Too often, IT projects are initiated without understanding the business benefits. Prioritize projects that provide the best value and are aligned with strategic objectives.
  •   EFFICIENTLY MANAGE PROJECT DEMAND - Make it easy for users to submit new project requests and ideas. Enhance decision-making by gathering requests and prioritizing centrally.
  •   IMPROVE CROSS-PROJECT VISIBILITY - Get real-time project status across your portfolio in intuitive dashboards. Drill down for more details or to diagnose early warning indicators.
  •   OPTIMISE RESOURCES - Improve staff utilization and assignments with views of available vs. allocated time by role or individual.

 
Demand Management

Demand management is about prioritizing all the ideas and project requests across the organization, so the PMO can execute the right projects at the right time. To do this teams can evaluate benefits, costs and risks through a scoring matrix, sometimes referred to as a balanced scorecard. They can use dashboards to manage demands in all stages enabling them to easily compare and prioritize project requests.

 

Portfolio Management

Portfolio management allows teams to quickly visualize the health and status of any portfolio of projects and instantly see how well the organization is doing against its strategic objectives. As new project demands surface, you can easily analyze the possible benefits, costs and risks of converting demands into approved projects continually optimizing the portfolio for your organization..

 

 

 

 

Project Management

Project management allows project leaders to see the overall status of all of their projects in a glance and then rapidly drill down into the details of any specific project. The system automatically rolls up effort, costs, schedule and risk information so project managers can easily assess and communicate status through health indicators. Items and actions that are most pressing are presented to the PM in prominent widgets. The work breakdown structure can be created and managed within Cherwell PPM or within MS Project and imported and refreshed periodically.

 

 

Resource Management

Resource management is critical to successful project planning and execution to ensure optimal allocation and utilization of project workers. PPM allows you to evaluate the commitments of organizational roles or specific individuals to ensure there is capacity to complete the work during the project timeline.

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