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Deliver the Highest Value Projects to the Business
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ITM Project Portfolio Management |
There is a common topic of conversation today between IT organizations and the clients they serve. It begins with clients trying to understand why, during a time when overall budgets have been in sharp decline, the budget for IT has not declined as rapidly. It ends with a laser-focused demand to justify the value of IT investments.
Until recently, IT organizations utilized Project Portfolio Management software and processes to improve the execution of the IT project portfolio. However, it is no longer good enough to execute well; CIOs must find ways to select initiatives that deliver the maximum business value and cancel or defer those that don't.
To meet this challenge, IT organizations need to critically construct and manage a portfolio of IT projects that best addresses today's dynamic business environment. With the scrutiny that IT budgets receive, the IT project portfolio must be visible to and receive buy-in from the business. ITM Software has developed its Project Portfolio Management (PPM) application module to help IT organizations address these pressing needs.
The ITM Project Portfolio Management application module provides a comprehensive solution for managing the IT project portfolio. It helps IT organizations:
- Choose the most valuable projects to pursue
- Execute projects as efficiently as possible
- Maximize the visibility of IT projects throughout the enterprise
- Build truly collaborative relationships with IT clients
ITM PPM supports these activities by providing:
- Project portfolio business value and risk analysis
- Project portfolio prioritization
- Project management with customizable processes and workflow
- Project financials management
- Program management
Project Portfolio Management works in conjunction with the ITM Human Capital Management (HCM) application module to deliver project resource estimation, planning, and timecarding capabilities designed specifically for IT. This combination helps IT organizations assign the right people to the highest value work for the business, providing better leverage for scarce IT staffing dollars.
ITM PPM seamlessly integrates with the ITM Financial Resource Management (FRM) application module to provide a comprehensive IT Financial management solution that allows IT organizations to plan, manage, and analyze all IT costs within one system. In combination, ITM FRM and ITM PPM go beyond project financials to provide a complete planning and budgeting environment with deep analytics of all IT spend from a variety of business, IT, and finance perspectives.
PPM works with ITM Governance and Compliance Management (GCM) to allow IT organizations to continuously assess project impact on any number of governance objectives, including Sarbanes-Oxley, HIPAA, Basel II, etc. Through integration of PPM with GCM, the ongoing burden of sustained compliance is significantly reduced.
When combined with the ITM Vendor Relationship Management (VRM) application module, PPM delivers a solution that integrates vendor management and project efforts to a degree not possible with general-purpose project portfolio applications. This integration allows IT organizations to identify every project being done anywhere by a specific vendor. This is invaluable information in managing the impact of vendor mergers and acquisitions, or in supporting vendor consolidation efforts.
ITM PPM leverages the ITM Foundation to provide a complete IT context for projects in the IT project portfolio.
Like all ITM Business Suite modules, ITM PPM is built specifically for the needs of the CIO and the IT organization. Only functions that are important to running an IT shop are included. Unnecessary functionality and complexity required by other organizations will not get in the way of running IT. This all adds up to a solution that can provide a rapid time to value, one that fits existing processes and procedures and has a low training cost that promotes quick adoption.
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