Portfolio management can be used to describe a wide range of initiatives, from project-approval processes to project management methods and tools. As the scope and complexity of organisations initiatives grow, companies are turning to project portfolio management software to provide a centralised view of activities, tasks, resources and costs.
In this era of tight budgets and limited resources, a structured approach to project management is required. Organisations are looking for a better way to analyse the risks, costs and returns that their initiatives generate. Many organisations are turning to software that enables them to manage a broad range of efforts holistically.
Managing projects and juggling scarce resources in organisations of any size, while delivering real business benefits, underlines the fact that project management is a complex task. This is where portfolio management comes to the fore and can provide organisations with the following:
The Microsoft Enterprise Project Management (EPM) Solution provides organisations with a means of managing business decisions and performance to drive business value. It does this by summarising and presenting the information required to understand which projects to choose and execute.
Through the provision of a central vantage point, executives can oversee the organisation's project mix, align initiatives and associated business objective with budgets and select the best strategy to achieve overarching goals. The Microsoft EPM Solution can also help organisations spot duplicate activities and unnecessary spending.
