Why you should opt for PPM Software

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WHY YOU SHOULD OPT FOR PPM SOFTWARE
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Project portfolio management (PPM) software gives
small companies and large corporations the
opportunity to track and execute strategies in
the most effective way. The market has become
truly diversified over the past few years, giving
companies a wide range of options and features to
choose among.
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According to Standish Group International
Statistics for 2013, less than a third of all
corporate projects get completed on time and
within the specified budget. Companies that use
PPM tools, on the other hand, proved to be 44
percent more likely to finalize projects on time
and 38 percent more likely to do that within the
specified budget than companies that dont use
PPM software.
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The statistics provide a glimpse of the
importance of effective PPM. Is this solution the
right one for your business? Are you still
reluctant about giving PPM tools a try? Several
important characteristics of such software
products determine their practicality and make
them invaluable for effective project completion.
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Link-PM offers ready-to-use robust powerful
control tools for globally prioritising, planning
executing projects, programs and portfolios.
Project Portfolio Management Software
Request a Demo
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Reasons Why Businesses are Reluctant to Use PPM
Software
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Companies have several reasons that justify their
reluctance to adopt the utilization of project
portfolio management (PPM) software.
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Control your Operations, Tasks and Projects with
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The first and most common explanation is that the
business doesnt have the funds needed for
investment in such solutions. This argument falls
flat, however. As already mentioned, adopting a
more responsible approach towards project
portfolio management can contribute to serious
corporate savings.
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The software costs a fraction of the amount that
will be needed for the execution of projects that
go over budget. PPM tools make it easier to
prioritize tasks and boost the efficiency of
execution. Both of these will contribute to the
more efficient utilization of corporate resources
and more affordable overall practices.
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Many start up and small company owners believe
that PPM solutions are only suitable for larger
businesses that have been around for a longer
period of time. This is another common and
damaging misconception. PPM software is highly
scalable, thus it can address the needs of all
companies.
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In addition, effective project management is
equally important for large and small businesses.
It may be even more important for start-ups that
have limited resources to dedicate to the
execution of tasks.
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Organizations have yet another common reason for
their unwillingness to begin using PPM software.
This reason focuses on the complexity of the
tools. Some project management professionals
believe that PPM IT solutions are too challenging
to use, which will lead to spending a lot of time
on understanding the solution and getting to make
the most of it.
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The world of project management, however, evolves
all the time. Innovative solutions will sooner or
later become the norm in the field. The earlier
adoption of such solutions will give the company
and its project managers some competitive
advantage. In addition, the willingness to
embrace innovative solutions will affect the
overall reputation of the business.
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Control your Operations, Tasks and Projects with
Ease
Link-PM offers ready-to-use robust powerful
control tools for globally prioritising, planning
executing projects, programs and portfolios.
Project Portfolio Management Software
Request a Demo
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The Numerous Benefits of Using PPM Software
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Now that weve tackled the common reasons why
companies seem reluctant to integrate PPM
software in their practices, its time to examine
the most important benefits that such solutions
deliver.
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The effectiveness of PPM software cannot be
replicated in any other way. In addition, it
produces a vast range of corporate benefits.
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Performance Visibility
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PPM software helps managers track performance and
project execution. It provides a clearer picture
of the most effective practices and the ones that
miss the mark in terms of cost-efficiency or
productivity.
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Project management allows managers to understand
current projects, their resource demands and what
the best allocation of resources is going to be.
In a sense, effective PPM paints a big picture
that can be the key to strategic development in
the future.
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PPM software can be used to manage resources,
assess risks, access vital financial data and
change control. All of these processes are needed
by organizations, regardless of their size or the
industry that they operate in.
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Control your Operations, Tasks and Projects with
Ease
Link-PM offers ready-to-use robust powerful
control tools for globally prioritising, planning
executing projects, programs and portfolios.
Project Portfolio Management Software
Request a Demo
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Ease
Forecasting
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PPM software gives access to significant amounts
of data that can be used for better forecasting.
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The data makes forecasts about the future,
budgeting and risk assessment much more
realistic. As a result, the use of PPM software
can prevent companies from going down the wrong
path or implementing project management
strategies that will miss the mark. All of the
data about current and past performance is
stored, making it easier for managers to base
future decisions on the information that they
have about previous campaigns.
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Increased Customer Satisfaction
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Through project management, planning and adequate
resource allocation, companies become much more
capable of delivering quality services and
maintaining this quality over the long run.
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Control your Operations, Tasks and Projects with
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Sufficient quality control and sustainability in
terms of project management practices will
ultimately contribute in a higher level of
customer satisfaction. A project completed on
time and within a specified budget will make
clients happy. PPM software gives project
managers all of the tools that are needed to
communicate effectively with customers and
improve relationships.
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Control your Operations, Tasks and Projects with
Ease
Link-PM offers ready-to-use robust powerful
control tools for globally prioritising, planning
executing projects, programs and portfolios.
Project Portfolio Management Software
Request a Demo
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Repeat Success
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PPM software enables repeating your successes in
the future. It allows project managers to create
the environment and select the allocation of
resources that will deliver optimal results time
and time again. As a result, PPM software
increases predictability and enables
organizations to replicate their successes
without dedicating significant resources to
strategizing.
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The process framework that has already been
established is backed up by vital data, risk
minimization information and the best possible
allocation of resources. All of these components
are vitally important for strategic, long-term
success.
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PPM software is the way to go and such solutions
will continue gaining prominence in the corporate
world. The reluctance to adopt innovative
portfolio project management opportunities is
pulling your company back. The fact that you have
so many options to choose among is yet another
reason why PPM software is worth the try.
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Ease
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Thank You!
Synquis - Project Management Software Address
Level 12, 530 Little Collins Street, Melbourne,
Victoria, 3000, Australia Website
www.synquis.com